News

The acquisition of Rosebel Gold Mines N.V. (RGM), announced in October 2022, by Zijin Mining Group Co. Ltd (Zijin), was completed on Wednesday, Feb. 1, 2023. Zijin is a multinational mining group dedicated to the exploration and development of gold, copper, zinc and other minerals worldwide, as well as related refining, processing, trading and other activities. Its operations include projects and activities in 15 provinces in the People's Republic of China (PRC) and in 14 overseas countries in Europe, Central Asia, Africa, Oceania and South America. It is one of the largest Chinese mining companies distinguished by its significant domestic and international copper and gold reserves and production.

In Q4 of last year, a delegation consisting of representatives from the International Labor Organization (ILO) Decent Work Team and Office for the Caribbean, the Brazil School for Labor Inspection, and the Ministry of Labor, Employment and Youth Affairs (AW&J), paid an orientation visit to Rosebel Gold Mines N.V. (RGM).

On Friday, December 2, the 7th edition of the Rosebel Christmas Charity Event took place. During this event, ten (10) social institutions were awarded a financial contribution from the Rosebel Community Fund (RCF). The representatives of these institutions were treated to a festive dinner at the Courtyard by Marriott hotel, in gratitude for their work during the past year. The RCF also celebrated its 3-year anniversary on December 2.

As part of Breast Cancer Awareness Month, Rosebel Gold Mines N.V. (RGM) implemented an awareness campaign during the month of October with a focus on providing information on breast cancer. We also initiated a special mammography screening project for the female employees within Rosebel, in collaboration with the Radiology Department of the Academic Hospital Paramaribo (AZP). The purpose of mammography is to detect and treat possible symptoms at an early stage, before it becomes difficult or impossible. To learn more about breast cancer and possible preventive measures, we interviewed our occupational physician Doctor Sharon Bauer. In this interview, she also discusses RGM's health policy regarding Noncommunicable Diseases (NCDs) and the importance of a healthy lifestyle.

Rosebel Gold Mines NV (RGM), on Tuesday, Oct. 25, 2022, held consultations with the Brokopondo Traditional Authority Platform and District Commissioner (DC), Ludwig Mendelzoon, of the Brokopondo District. During these meetings, the traditional authority and the DC were officially informed of the agreement made by parent company IAMGOLD with Zijin Mining Group Co. Ltd. (Zijin) to sell its interest in RGM. The management team of RGM also responded to questions from the traditional authority and provided assurances about the current agreements for various community projects in the district.

IAMGOLD Corporation (IAMGOLD), announced on Tuesday, Oct. 18, that it had entered into a definitive agreement with Zijin Mining Group Co. Ltd. (Zijin) to sell its 95% interest in Rosebel Gold Mines N.V. (RGM). In January of this year, IAMGOLD announced that a strategic review would take place for RGM, which would include looking at the option for sale. The strategic review had to take place because, among other things, IAMGOLD is currently facing a budgetary gap for the Côte Gold project in Canada, which makes new investment in the RGM operation particularly difficult.

IAMGOLD Corporation announced on October 18, 2022, that it has entered into a definitive agreement with Zijin Mining Group Co. Ltd. to sell its 95% interest in Rosebel Gold Mines N.V. (Rosebel) for cash consideration of $360 million and release of IAMGOLD’s equipment lease liabilities amounting to approximately $41 million. Rosebel holds a 100% interest in the Rosebel Gold Mine and a 70% participating interest in the Saramacca Mine, located in Suriname.

One of the ways in which Rosebel contributes to the sustainable development of surrounding communities in Brokopondo is through the Rosebel Brokopondo Scholarship Program. This program enables the best students from Brokopondo to continue and successfully complete secondary school or higher education in Paramaribo. This year, the program delivered its 7th graduate; Sisrian Geddeman, who after ten (10) years in the program, now returns to the district as a Spanish teacher at Mulo Brownsweg.

On Friday, September 9, Rosebel Gold Mines N.V. (Rosebel) and the Platform of Traditional Authority Brokopondo signed a funding agreement for the Brokopondo Outgrowers project. This is a pilot project that will significantly boost the agricultural sector in the district, by assisting farmers from Rosebel's Communities of Interest (COI) in setting up an agricultural business.

On Thursday, July 28, 2022, IAMGOLD/Rosebel Gold Mines N.V. together with the Kirpalani Foundation and the Academic Hospital Paramaribo (AZP), proudly inaugurated the first eyecare hospital in Suriname. The expansion and upgrading of the former eyecare clinic were made possible by the aforementioned companies for the purpose of optimizing patient care in Suriname.