HomeGoldSiguiri resumes exports

Siguiri resumes exports

The Siguiri gold
mine in Guinea
Johannesburg, South Africa — MININGREVIEW.COM — 14 July 2009 – AngloGold Ashanti Limited “’ the world’s No. 3 gold producer “’ has announced that it has resumed exports from its mine in Guinea, after the West African country’s government lifted last month’s ban on exports.

Revealing this in a statement issued here, the company confirmed that production at the Siguiri mine had been uninterrupted during the period of the imposed gold export embargo. “A temporary embargo on the export of gold was lifted at the end of June, allowing a month’s worth of production to be shipped from the country during the first week of July,” it explained.

AngloGold said it had agreed to advance US$10 million (R80 million) for the environmental rehabilitation of the mine, subject to the condition that the payment be offset against the balance of AngloGold future environmental liabilities.

The company said the mine “’ in which the government of Guinea holds a 15% stake “’ produced 333 000 ounces of gold in the course of 2008, and 88 000 ounces in the first quarter of 2009.