Situated 80km south-west of the town of Mwanza in the north-west of Tanzania, Geita is the largest of AngloGold Ashanti Limited’s eight open-pit mines in Africa. AngloGold Ashanti is one of the world’s top gold producers with 21 operations located in ten countries on four continents. The company is listed on the New York, Johannesburg, Ghanaian, London and Australian stock exchanges, as well as the Paris and Brussels bourses.
Tulawaka gold mine
Tanzania]Toronto, Canada --- MININGREVIEW.COM --- January 18, 2008 - One of Tanzania’s biggest gold mining operations – the Tulawaka gold mine – is still on track and destined to meet its 2007 production targets despite heavy rains affecting output in the first quarter of the year.
Tulawaka – a 70/30 joint venture between wholly-owned Barrick subsidiary Pangea Goldfields Inc. and Toronto-listed Minieres du Nord (MDN) –
A news release issued by MDN here says the mine produced 54 251 oz of gold in the fourth quarter of 2007, which was a quarterly production record. It also achieved a 28% production increase from almost 140 000 oz in 2006 to just under 180 000 oz last year. Tulawaka has now produced more than 300 000 ounces since the beginning of operations in March 2005.
The release adds that in 2007, a total of 176 508 oz of gold were sold, entirely in the spot market, at an average price of US$709/oz, compared with an average price of US$606/oz in 2006. Total revenues in 2007 amounted to US$125.1-million, compared with $88.7-million in 2006 – substantial increase of 41%.
The plant facilities processed 433 921 tonnes of ore in 2007 at an average grade of 13.66 g/t of gold, and at a gold recovery rate of 93.57%. The total cash costs for the year were reported to average US$271 to produce an ounce of gold, compared with US$268 in 2006.
The Tulawaka mine has a lifespan of 25 years and the potential to produce about 500 000 oz per annum. It is currently achieving an average head grade of 9.18 g/t, but this year is expected to register a grade of over 15 g/t.
Caption, Pic 1: The pit at Tulawaka gold mine, in Tanzania.
“It is the one East African country which will continue to dominate in terms of attracting new investments in mining in east Africa, due to its mineral endowment and progressive and rational mining policies,” he says. “Very few projects do exist in the other east African counties like Kenya and Uganda, and these countries have only just promulgated their new mineral policy and mining laws, without which attraction of investment is well-nigh impossible,” Jengo contends.
Toronto, Canada --- MININGREVIEW.COM --- January 18, 2008 - Global gold mine production dipped by just over 1% in 2007 to 2 441 tonnes through delays in development and expansion projects, but output for the first half of this year is forecast to grow by just over 2%.
This was revealed today by GFMS – the world's foremost precious metals consultancy, specialising in research into the global gold, silver, platinum and palladium markets – in its latest report on the gold market, entitled “Gold Survey 2007 - Update 2”. A summary of the findings of the report was given by GFMS executive chairman Philip Klapwijk at a seminar here.
GFMS revealed that losses last year centred on South Africa, Peru and the United States, while gains focused on Indonesia, and more particularly on China, who knocked South Africa off the top spot to become the world’s largest gold producer.
Klapwijk pointed out that while Chinese gold production increased by an estimated 12% year-on-year, South African mines produced 8% less gold than in 2006. South Africa had held the accolade of the biggest gold producer since 1905, he said, but its output had been in steady decline since a peak of 1 000 tonnes in 1970
GFMS partly attributed the sharper-than-expected decline in South African output to safety-related mine closures, and the one-day industry-wide strike held by the country's biggest mining union in December, which had knocked almost a ton of output off the country's total annual production.
on the main
in the DRC.]
Toronto, Canada --- MININGREVIEW.COM --- January 16, 2008 - Banro Corporation – a Canadian-based gold exploration company with four wholly-owned properties along a major gold belt in the Democratic Republic of Congo (DRC) – reports a substantial 23% increase in resources at its Twangiza project.
Banro’s four DRC properties - Twangiza, Kamituga, Lugashwa and Namoya - total 2 600 squ km along the Twangiza-Namoya Gold Belt, which stretches 210 km from north-east to south-west.
In a progress report released here today, the company reveals that measured and indicated mineral resources at Twangiza have risen to almost 3.9 Moz (53.6 Mt grading 2.25g/t Au), and that the inferred mineral resource now stands at 2.7Moz (46.2Mt grading 1.82g/t Au).
Technologically advanced crushing and screening equipment is playing an increasingly important role in the diamond mining and construction industries in Namibia.
In the past year, Rex Quip (Pty) Limited — the Namibian Black Economic Empowerment supplier of well-known European and South African brand names in mining, earthmoving, building and civil construction equipment - has sold crushing and screening equipment worth more than R8-million in the region.
A leading distributor of high-end telehandlers and rough terrain equipment has supplied Kleinkopje Colliery – part of AngloCoal in Mpumalanga – with a specialised vehicle which ensures a high degree of safety in the removal and fitting of tyres on the mine’s fleet of dump trucks.
International demand for electrical machinery and equipment is outstripping supply and resulting in longer lead-times, which is proving economically and operationally detrimental to the mining industry. In order to alleviate the situation and meet burgeoning demands, leading Brazilian manufacturer WEG is increasing its global exports and boosting its capacity by building new production lines and factories.
A South African company specialising in the supply and maintenance of electronic mine safety equipment, Booyco Electronics, has introduced an active proximity warning system for earthmoving and mining vehicles to warn operators when they approach risky work zones.