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Gold Fields may start new mine in Mali

Gold Fields “’ considering
a new mine in Mali
Johannesburg, South Africa — MININGREVIEW.COM — 24 May 2010 – Gold Fields Limited “’ Africa’s second- biggest gold producer “’ says it may start a new mine in Mali in order to expand the company’s annual West African production to more than 1 million ounces.

“The company is drilling for gold in three areas on the Yanfolila belt with the most promising area known as Komana,” Gold Fields spokeswoman Nikki Catrakilis-Wagner said in an e-mailed response to questions from Bloomberg News.

“Gold Fields already produces 700 000 ounces a year in Ghana and its aim is to have 1 million ounces in production or development in West Africa by the end of 2014,” she added. “A decision on whether to dig a mine at Komana could be made within three years,” she said.

The Yanfolila belt, of which Gold Fields controls about 2 500 sq km, may contain as much as 44 million ounces of gold, according to Bloomberg.