Latest news with #JohnRoos
Nikkei Asia
2 days ago
- Business
- Nikkei Asia
Ex-US envoy to Japan launches fund targeting security alliance tech
PALO ALTO, California -- A venture capital firm founded by former U.S. Ambassador to Japan John Roos is launching its first fund targeting technologies that will help strengthen the U.S.-Japan security alliance, backed by $250 million from an initial round of funding. Roos co-founded Geodesic Capital in 2015, after serving as ambassador from 2009 to 2013 under President Barack Obama. Geodesic invests in technology companies and has served as a bridge between Japanese and American companies.
Yahoo
16-04-2025
- Business
- Yahoo
B2Gold plans to cut 300 jobs at Otjikoto mine in Namibia
Canadian gold mining company B2Gold has announced plans to cut approximately 300 jobs in Namibia as it begins the phased downscaling of operations at its Otjikoto gold mine, following the depletion of open pit reserves, reported Reuters. The Otjikoto mine, operational since March 2015, has been a significant contributor to B2Gold's total output, producing a record 198,142oz of gold last year. The mine has also reported a record profit, supported by high gold prices. Despite the cessation of open-pit mining expected this year, B2Gold will continue processing stockpiles until at least 2032. The current underground operations at the Otjikoto mine are expected to continue until 2027, with the potential for an extension if further exploration reveals additional mineral deposits. The process of reducing operations in Namibia began in the first quarter of 2024, with 130 employees already laid off. B2Gold Namibia country manager John Roos said: "For 2025 we will go down from a permanent head count of 700 to 400 employees. That means 300 employees will be impacted during 2025." The Otjikoto mine's gold production forecast for this year is estimated to be between 165,000oz and 185,000oz. In addition to its operations in Namibia, B2Gold also operates gold mines in Mali and the Philippines. The company is developing the Goose project in northern Canada and is involved in numerous development and exploration projects in countries including Mali, Colombia and Finland. In January 2025, B2Gold moved forward with its plans to invest $10m (C$14.39m) in exploration at the Fekola gold complex in Mali. The decision comes after a settlement was reached with the Malian Government regarding its 2023 mining code, which has mitigated the risk of disruption. "B2Gold plans to cut 300 jobs at Otjikoto mine in Namibia" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Reuters
15-04-2025
- Business
- Reuters
B2Gold to cut 300 jobs in Namibia this year
WINDHOEK, April 15 (Reuters) - Canadian gold mining company B2Gold ( opens new tab plans to cut 300 jobs in Namibia this year as it goes ahead with the phased downscaling of operations at its Otjikoto mine after depletion of open pit reserves. The Otjikoto mine, which began commercial production in March 2015, produced a record 198,142 ounces of gold last year, accounting for nearly a quarter of B2Gold's total output. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. "For 2025 we will go down from a permanent head count of 700 to 400 employees. That means 300 employees will be impacted during 2025," B2Gold Namibia's country manager, John Roos, told reporters on Monday during a company presentation. The Otjikoto mine also posted a record profit, buoyed by record high gold prices. Open pit mining at the mine is expected to cease this year following the depletion of gold ore, but the company will continue processing stockpiles at least until 2032. The mine's current underground operations are expected to run until 2027, with an extension possible if ongoing exploration successfully uncovers additional mineral deposits. B2Gold's phased reduction of operations in Namibia began in the first quarter of 2024, with 130 employees laid off during the year. The Otjikoto mine is expected to produce between 165,000 and 185,000 ounces of gold this year. B2Gold also has operating gold mines in Mali and the Philippines. It is also developing the Goose project in northern Canada as well as numerous development and exploration projects in various countries including Mali, Colombia and Finland.
Sharjah 24
29-01-2025
- Politics
- Sharjah 24
Trump invited to visit Japan to mark 80th anniversary of A-bombs
In a joint letter to Trump, the mayors urge him to come and "listen to the testimonies of the hibakusha (bomb survivors) in person, take to heart their fervent wish for peace, and deepen your understanding of the inhumanity of nuclear weapons". "It is our sincere hope that you will break away from the notion of nuclear reliance and take strong leadership in the abolition of nuclear weapons and the realization of lasting world peace," said the January 28 letter shared on Wednesday. The United States dropped an atomic bomb on each Japanese city on August 6 and 9, 1945 -- the only times nuclear weapons have been used in warfare. Days later Japan surrendered. Around 140,000 people died in Hiroshima and some 74,000 others in Nagasaki including many who survived the explosions but died later from radiation exposure. Washington has never apologised for the bombings. Previous Diplomatic Engagements US ambassador John Roos in 2010 became the first US representative to attend the annual Hiroshima commemoration and went to the Nagasaki event two years later. Barack Obama became the first sitting US president to come to Hiroshima in 2016, followed by Joe Biden in 2023. Trump did not make the trip during his first term, despite the two mayors inviting him according to Japanese media. Recent Controversies Last year, Nagasaki's mayor Shiro Suzuki sparked a furore by not inviting Israel's ambassador to the ceremony. Suzuki insisted the decision was "not political" but to avoid possible protests related to the Gaza conflict. The ambassadors of the US, Israel, Britain and others snubbed the ceremony in protest and attended a smaller memorial event in Tokyo instead. Nobel Peace Prize Last year's Nobel Peace Prize was awarded to Nihon Hidankyo, a grassroots movement of Hiroshima and Nagasaki survivors pushing for a nuclear weapons ban.
