Weekly Report - 25 September 2014 (WR-14-38)

SURINAME | Mining investment. On 22 September US mining giant, Newmont Mining Corporation, announced plans to invest US$1bn in the construction of a new gold mine in Suriname. In a statement the firm said that the new mine is to be located in the Merian area of the country believed to contain some 4.2m troy ounces (131 tonnes) of gold. It adds that mine, which is expected to start production next year pending approval by the Surinamese government, will produce an average of 300,000-400,000 troy ounces of gold per year.

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