Resolute Mining Limited is an Australia-based successful gold miner, which operates mainly in Africa. The company was incorporated in the year 2001 and its headquarters are situated in Australia. The company is listed on the Australian Stock Exchange as well as on the London Stock Exchange publicly. Resolute Mining Limited explores, develops and operates gold mines in Africa and Australia, and it has been able to produce approximately over 9 million ounces of gold till now from around 10 gold mines across its areas of operation. Three gold mines are owned by the company, which may have a mineral resource base of approximately 11 million ounces. The company has a few subsidiaries which include Resolute Pty Ltd, Petowal Mining Company SA, Carpentaria Gold Pty Ltd and Mensin Gold Bibiani Limited.
The prime asset of Resolute Mining Limited is located in South of Mali in the Western part of Africa, and is called Syama gold mine. Even with the current processing infrastructure setup, it alone has a production capacity of 300,000 ounces of gold per annum. The company has employed a highly advanced mining automation system there, which will help in cost cutting, large scale productions which will lead to increasing profits due to economies of scale, and it will also increase the life of Syama mine beyond 2032. On the other hand, the Mako gold mine, which is located in East Senegal in the western African region, has a production capacity of approximately 140,000 ounces of gold. It is also an asset of high quality with low cost of production. Another mine in west of Ghana in the western region of Africa called Bibiani gold mine is under a planned review. Also, the company is actively exploring other regions of Africa, like Côte d’Ivoire and Guinea.
The main goal of the company is to build a high-quality portfolio with strategic investments and maximize the risk-adjusted returns for all stakeholders. The portfolio comprises of highly prospective and profitable Africa-based gold explorers, which are Orca Gold, Oklo Resources, Manas Resources, and Loncor Resources.
It follows high standards of corporate governance and aligns itself with the Corporate Governance Principles and Recommendations given by the ASX Corporate Governance Council. It also follows an ethical code of conduct for running its business operations and promotes the culture or transparency, trust and accountability. It has strict policies regarding anti-bribery and corruption, board diversity and gender equality, modern slavery and human rights, health, safety and security of employs etc. It has adopted sustainability as an integral part of its business models and aims to reduce its environmental footprint through responsible investments and sustainable business solutions. It aims to reduce the energy and water usage and cut its greenhouse gas emissions to achieve the target of carbon neutrality by 2050.
Resolute Mining Ltd Australia Place, L 2 15-17 William St PERTH 6000 Australia AUS