{"id":1141906,"date":"2019-10-03T10:56:15","date_gmt":"2019-10-03T15:56:15","guid":{"rendered":"https:\/\/www.mining.com\/?p=1003525"},"modified":"2019-10-03T10:56:15","modified_gmt":"2019-10-03T15:56:15","slug":"iamgold-denies-rosebel-mine-halt-continues-ramping-up-operations","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1141906","title":{"rendered":"Iamgold denies Rosebel mine halt, continues ramping up operations"},"content":{"rendered":"<p>Canada\u2019s&nbsp;IAMGOLD Corp. (TSX<br \/>\nIMG), (NYSE: IAG)&nbsp;<a href=\"https:\/\/www.iamgold.com\/English\/investors\/news-releases\/news-releases-details\/2019\/IAMGOLD-Confirms-Ramp-Up-of-Mining-Operations-at-Southern-Pits-of-Rosebel-Gold-Mines\/default.aspx\">denied<br \/>\nThursday<\/a> news of illegal miners forcing the company to halt operations at<br \/>\nits Rosebel gold mine, in Suriname, for the second time this year, saying it<br \/>\ncontinues to resume mining activities at the asset.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Local news site <a href=\"http:\/\/www.starnieuws.com\/index.php\/welcome\/index\/nieuwsitem\/54885\">Starnieuws<br \/>\nhad reported<\/a> that a fresh influx of illegal miners had prompted the miner<br \/>\nto stop work and remove equipment and workers from the mine\u2019s southern pits.<\/p>\n<p>The Toronto-based firm&nbsp;<a href=\"https:\/\/www.mining.com\/iamgold-reports-incident-at-rosebel-mining-activity-suspended\/\"  rel=\"noreferrer noopener\">suspended work at the mine in early August<\/a>, following an<br \/>\nincident involving police that caused the death of an artisanal miner and left<br \/>\nsome equipment unusable.<\/p>\n<p>Shortly after, IAMGOLD laid off 325<br \/>\ncontractors for&nbsp;the South American mine and lowered its production<br \/>\nforecast for the year to between 765,000 to 810,000 ounces of gold, to reflect<br \/>\nthe operation\u2019s halt.<\/p>\n<p>The company has since resumed<br \/>\noperations <a href=\"https:\/\/www.mining.com\/iamgold-resumes-mining-at-gold-mine-in-suriname\/\">in<br \/>\nthe northern<\/a> pits and its getting close to fully ramp up activities at <a href=\"https:\/\/www.mining.com\/iamgold-resumes-operations-at-gold-mine-in-suriname\/\">Rosebel\u2019s<br \/>\nsouthern pits<\/a>.<\/p>\n<p>\u201cWe continue to work closely with,<br \/>\nand have the full support of, the local community, the union and the highest<br \/>\nlevels of the government,\u201d it <a href=\"https:\/\/www.iamgold.com\/English\/investors\/news-releases\/news-releases-details\/2019\/IAMGOLD-Confirms-Ramp-Up-of-Mining-Operations-at-Southern-Pits-of-Rosebel-Gold-Mines\/default.aspx\">said<br \/>\nin the statement<\/a>.<\/p>\n<p>Last month, the company said it<br \/>\nwould rehire the dismissed workers after reaching an agreement with the local<br \/>\ncommunity. The deal will enable the haul of Saramacca ore to the mine\u2019s mill in<br \/>\nearly November.<\/p>\n<p>Rosebel, located&nbsp;in the<br \/>\nmineral rich Brokopondo district, about 85 km south of the capital city of<br \/>\nParamaribo, has often been a target for illegal miners. This has led the<br \/>\ncompany to allow some artisanal miners to work on the concession.<\/p>\n<p>The Canadian company owns 95% of<br \/>\nthe gold mine and the government of Suriname holds the remaining 5%.&nbsp;<\/p>\n<p>IAMGOLD <a href=\"https:\/\/www.mining.com\/web\/china-gold-sees-iamgold-as-good-fit\/\">made<br \/>\nheadlines in September<\/a>&nbsp;after China Gold International Resource said<br \/>\nthe Canadian miner would \u201cfit well\u201d with its acquisition strategy.<\/p>\n<p>Following the highly publicized<br \/>\nmulti-billion mergers of&nbsp;<a href=\"https:\/\/mining.com\/new-era-barrick-gold-begins\/\"  rel=\"noreferrer noopener\">Barrick<br \/>\n\u2013 Randgold<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/mining.com\/case-closed-newmont-goldcorp-becomes-worlds-no-1-gold-miner\/\"  rel=\"noreferrer noopener\">Newmont \u2013 Goldcorp<\/a>, rising gold prices have spurred<br \/>\nan&nbsp;<a href=\"https:\/\/mining.com\/mega-deals-help-canadas-mining-industry-take-centre-stage\/\"  rel=\"noreferrer noopener\">anticipated wave of consolidation<\/a>&nbsp;in the sector, which<br \/>\nhas favoured Canada and Australia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Operations were suspended for security reasons in early August after an incident involving police left an artisanal miner dead and some equipment damaged.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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