SURINAM Construction has officially begun on the Rosebel gold mine in north-central Suriname. Owner CAMBIOR expects commercial production in the first quarter of 2004. Over 700 people, including Surinam president Ronald Venetiaan, attended the official groundbreaking on Jan. 25.
This year Cambior is concentrating on the Rosebel project, which will cost an estimated $95 million to develop. During its first year of production, the open pit and 12,000-t/d plant should recover 270,000 oz Au at a mine operating cost of US$157/oz. That would raise the company's production during 2004 to over 700,000 oz Au. The company has interests in the Doyon and Sleeping Giant gold mines in Quebec, the Omai gold mine in Guyana, and the Niobec niobium mine in Quebec.
Cambior has posted the Rosebel technical report and the environmental impact assessment (almost 1,000 pages of it) on its web site at www.cambior.com.