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Siguiri mine to re-open

One of the pits at
AngloGold’s Siguiri
mine in Guinea
 
Zanzibar, Tanzania — MININGREVIEW.COM — 26 March 2009 – Leading gold producer AngloGold Ashanti Limited has succeeded in its attempt to secure a meeting with President Moussa Dadis Camara of Guinea, and has obtained permission to re-open the company’s Siguiri mine in the West African country.

“We had a constructive meeting with the President on Monday night and he said we could re-open the mine,” AngloGold spokeswoman Joanne Jones told Reuters.

Last week Camara ordered the closure of the mine, in which the government has a 15% stake, saying company managers hadn’t attended a meeting to discuss problems in the industry, according to a Radio Television Guinea radio broadcast. AngloGold admitted that one manager had not attended the meeting, but pointed out that other company officials had.

AngloGold CEO Mark Cutifani said in an interview in Zanzibar that the Siguiri mine had lost three days of output, or about 2 500 ounces.

“Production at the mine in the northeast of Guinea, rose to a record of about 333 000 ounces last year, and the resource is large enough to almost double that production level,” AngloGold told investors last month.

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