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08.08.2019 (2538 Clicks)

Mentoring to boost female Numbers in Queensland Resources Sector

In an Australian first, a mentoring program for senior high school girls is expected to boost the number of women working in Queensland’s resources sector.

06.08.2019 (3408 Clicks)

Superior appoints Belterra as new Conveyor Components Distributor throughout Quebec

Superior Industries, Inc., a U.S. based manufacturer and global supplier of bulk material processing and handling systems, announces a new partnership with Canada’s largest distributor of conveyor belting, components and other bulk material handling solutions. Belterra, a 50-year-old distributor with 19 locations throughout the country, will stock, sell and service Superior’s conveyor idlers, pulleys, scrapers and accessories in Quebec.

06.08.2019 (2717 Clicks)

Semafo: Pit Wall Failure at Mana in Wona Pit in Burkina Faso

Semafo Inc. reports that there was a pit wall failure at Mana in the Wona pit. No mining was underway in the area, and no-one was injured.

Event

A pit wall failure occurred on Friday, and the team has been working diligently on assessing the impact. The incident took place in the northern part of the Wona pit where there is no active mining. No-one was injured, and no equipment was damaged.

Currently, Semafo is mining in the southern part of Wona pit. However, under the 2019 mine plan, some 45,000 ounces were expected from the northern portion of the pit between late August and year-end. To mine securely and regain access to ore in Wona North, Semafo will have to push back the pit wall and mine approximately 6 million tonnes of waste material. As a result, mining of ore in the northern part of the pit will be deferred until the first quarter of 2020. These 6 million tonnes were part of the life of mine plan in 2021 and therefore do not represent additional tonnes or cost.

After evaluating multiple scenarios to compensate for the ore from Wona North in 2019, Semafo established that there would be insufficient ore to feed the mill for approximately ten weeks. Semafo now expects to suspend the processing of ore at Mana between mid-August and end of October.

The mining plan for the Siou pit remains unchanged: Development of Siou open pit is ongoing with ore expected in the fourth quarter; and development of Siou underground is proceeding on time and on budget.

In addition to ongoing geotechnical assessment, Semafo conducts yearly independent geotechnical reviews in conjunction with Golder Associates that include pit slope parameters. Safety will remain Semafo's top priority as it conducts a full analysis to ensure continued stability of our mining operations.

2019 Guidance

Semafo estimates the impact at Mana to be approximately 40,000 – 50,000 ounces of lower production than originally contemplated. Therefore, annual guidance at Mana has been revised to 130,000 – 140,000 from the original 170,000 – 190,000 ounces. There is no change to our Mana all-in sustaining cost (AISC) guidance. During the shutdown, mining costs of approximately $22 million for Siou and Wona will be capitalized in development and there will be a non-recurring charge of approximately $7 million mostly representing fixed costs for the period.

Boungou guidance remains unchanged at between 220,000 and 240,000 ounces of gold at an AISC of between $470 and $510 per ounce.

Full second-quarter results will be released on August 6 after market close. Production at Mana for the first half of the year totaled 77,500 ounces, in line with the budget. In the second half of the year, Semafo estimates that Mana production will be split 25%/75% between the third and fourth quarters.

The second-quarter 2019 conference call is scheduled at 10 am EDT on August 7.

About Semafo

Semafo is a Canadian-based intermediate gold producer with over twenty years’ experience building and operating mines in West Africa. The Corporation operates two mines, the Boungou and Mana Mines in Burkina Faso. Semafo is committed to building value through responsible mining of its quality assets and leveraging its development pipeline.

Source: Semafo

                     

06.08.2019 (2887 Clicks)

Skills for Queensland Strategy is good Work for Jobs: QRC

The Queensland Resources Council (QRC) has welcomed the Palaszczuk Government’s Skills for Queensland Strategy as a targeted plan to deliver skills to support the sector’s current and future growth.

05.08.2019 (3318 Clicks)

The NordBau 2019 - Shaping the future and connecting people!

From the 11th to 15th of September 2019, the 64th edition of NordBau will take place in the heart of Schleswig-Holstein at the Holstenhallen Neumünster exhibition grounds! The largest compact exhibition for construction in Northern Europe is a meeting point and exchange platform for the construction industry and all construction managers from the entire Baltic Sea region.

04.08.2019 (2674 Clicks)

Bechtel-Enka completed Kosovo Motorway as The Centerpiece of Regional Economic Growth

The new motorway will support growth through trade links and economic integration throughout the Balkans, Western Europe and beyond.

01.08.2019 (3129 Clicks)

Fugro’s fibre-optic Monitoring and Gaia Insight Online Platform safeguard Dutch Marl Quarries for next 10 Years

Fugro has been awarded a contract for 10 years by the Municipality of Valkenburg a/d Geul to measure and monitor the risk of subsidence in its marl quarries.

01.08.2019 (2720 Clicks)

Bullseye Mining Limited Following in Gruyere's Footsteps as Australia's Next Major Gold Discovery

Australia's biggest new gold mine, the $621 million Gruyere Gold Mine, has poured its first gold bar on 30th June 2019, as the precious metal continues to trade near record highs.

01.08.2019 (2191 Clicks)

Tadano: Acquisition of Demag Mobile Crane Business from Terex Corporation Completed

On February 23, 2019 Tadano Ltd. announced the approval by its board of directors to enter into an agreement with Terex Corporation, headquartered in the state of Connecticut in the United States, for a stock and asset acquisition of the Demag Mobile Crane Business, headquartered in Germany. Thereafter, regulatory approvals were obtained in each related country, and closing of the acquisition was completed on July 31st.

30.07.2019 (2659 Clicks)

Queensland Coal Mining Jobs Key to regional Future

The resources industry is securing jobs for regional Queenslanders both now and for decades into the future, with new investments the key to long term prosperity in the regions.