Resolute, Nimba partner to evaluate Guinea gold opportunities
Gold miner Resolute Mining has signed a memorandum of understanding (MoU) with Guinean State-owned company Nimba Mining Company (NMC) to partner on the potential co-development of gold projects in the African country.
With the involvement of the government of Guinea, represented by the Ministry of Mines and Geology, this partnership represents a significant milestone in advancing mineral exploration and development activities within one of West Africa's most prospective gold regions, Resolute says.
The MoU represents NMC's first collaboration with an international listed company operating in the gold sector. The partnership will focus on jointly assessing mineral resources, conducting comprehensive geological studies, and developing strategic frameworks for potential large-scale gold production operations.
Both companies bring extensive expertise in mining operations, development and exploration.
This announcement underscores the commitment of both Resolute and NMC to developing the gold sector in Guinea in a responsible and sustainable manner. The partnership is expected to generate significant opportunities for local and regional stakeholders, states Resolute.
The MoU aligns with Resolute's strategy of building a pipeline of high-quality growth opportunities in established West African gold jurisdictions.
Moreover, it complements Resolute's other exploration activities in Guinea, including reconnaissance authorisation covering 83 km2 within the Siguiri basin.
"This partnership with Resolute will allow NMC to launch its gold projects in accordance with the State's guidelines indicated in the Simandou 2040 Program and the vision of the Ministry of Mines and Geology as NMC's technical supervisor. Choosing the option of co-developing mining projects with Resolute will strengthen the share of local content in Guinea's mining ecosystem," comments NMC CEO Patrice L'Huillier.
"We are delighted to have been selected by NMC and the Guinean government for the co-development of gold projects in Guinea. This partnership reflects our commitment to invest in Guinea - a jurisdiction that we believe has the potential for Resolute to develop a fourth mine - and to share value with all stakeholders for sustainable projects. Our teams remain mobilised for the evaluation of areas of interest with high potential in collaboration with the NMC teams and the support of the Ministry of Mines and Geology," adds Resolute CEO Chris Eger.
