otjikoto mine

B2Gold plans $7 million exploration to expand Antelope Deposit

B2Gold Corp. has announced a positive preliminary economic assessment (PEA) for the Antelope deposit at its Otjikoto Mine in Namibia, forecasting an after-tax net present value of $131 million and an internal rate of return of 35%. The Antelope deposit, located approximately four kilometers southwest of the existing Otjikoto open pit, comprises the Springbok and Oryx Zones, with a potential third structure, Impala, pending further drilling confirmation. B2Gold’s assessment indicates […]

5 February, 2025 27

Business / Economics

B2Gold announces share buyback programme

B2Gold has announced changes to its shareholder returns strategy to enhance financial flexibility as it progresses through an organic growth phase. The company is focused on key projects, including the anticipated commencement of gold production at Fekola Regional in Mali, the completion of construction of the Goose Mine in Nunavut, Canada, the advancement of the Antelope deposit at the Otjikoto Mine in Namibia, and the conduct of de-risking activities for […]

14 January, 2025 37

Business / Economics

B2Gold continues workforce downsizing at Otjikoto mine

B2Gold has confirmed it will proceed with further workforce reductions at its Otjikoto mine, involving involuntary separations. This decision follows a comprehensive review by a dedicated retrenchment committee, in collaboration with the Mineworkers Union of Namibia (MUN) branch executive committee on site. Eric Barnard, General Manager of Otjikoto Mine, detailed the process, saying, “We have a retrenchment committee that evaluated the necessary reductions across various departments. This effort was not […]

22 July, 2024 51

Business / Economics

B2Gold Otjikoto mine to retrench 300 workers

B2Gold Otjikoto Mine, the country’s largest gold producer, is set to start with the voluntary retrenchment of 300 employees. Last year, the mine announced its plans to embark upon a phased closure of open mining due to depleted ore reserves, but it did not disclose the number of workers to be affected, as consultations with stakeholders were still ongoing at the time. Here is John Roos B2Gold Namibia's Country Manager […]

24 April, 2024 169

Namibia

B2Gold Layoffs: How Will It Be For the Affected Workers And Community?

B2Gold Namibia disclosed that the voluntary retrenchment initiative at its Otjikoto mine near Otjiwarongo, commenced in March last year, is set to persist throughout 2024. It clarified that the ongoing phase continues to be voluntary, with mandatory retrenchments scheduled for 2025. We sought Labor Expert Herbert Jauch's perspective on the matter. Business Researcher Josef Sheehama also weighed in.

22 April, 2024 107

Business / Economics

EXCLUSIVE INTERVIEW: Local Labor Expert Herbert Jauch on Otjikoto B2Gold: A Perspective on Recent Retrenchments

Namibia, a nation already grappling with a significant unemployment crisis, received sobering news with the announcement of retrenchments at the B2Gold Mine. Herbert Jauch, a local labor expert, weighs in on the implications of this development for the country's workforce and economy. Jauch begins by highlighting the severity of the situation, emphasizing that Namibia's unemployment rate is already alarmingly high. The prospect of further job losses exacerbates an already challenging […]

22 April, 2024 35

Interview Transcripts

EXCLUSIVE INTERVIEW: Insights from Independent Business And Economics Researcher Josef Sheehama: Impact of Otjikoto B2Gold Mine Retrenchments on the Economy

In a recent discussion, Business And Economics Researcher, Josef Sheehama sheds light on the ramifications of the retrenchments at the Otjikoto B2Gold Mine in Namibia. Sheehama begins by acknowledging the adverse effects of the mine's decision to reduce its workforce, both through voluntary and compulsory measures, particularly concerning the open pit operations. He emphasizes the profound impact this move will have on the local community and the broader socioeconomic landscape. […]

22 April, 2024 32

Namibia

B2Gold’s Otjikoto Mine to Implement Voluntary Retrenchment

B2Gold, a Canadian-listed company, has announced plans for approximately 300 mining workers at its Otjikoto Mine to undergo voluntary retrenchment this year. The decision comes as the mine approaches open pit closure, leading to a reduction in mining production and the need for fewer personnel. Currently employing around 890 workers, the affected employees primarily belong to the open pit mining department. B2Gold Spokesperson Namasiku Nalisa confirmed the notice, clarifying that […]

2 April, 2024 22