Barrick Gold Tanzania announced today the first gold pour at its new Buzwagi mine in Kahama District, Shinyanga Region. In production, the mine will be one of the country's largest mining operations. Buzwagi is the sixth Barrick project brought into production on time in the last six years.
"For any mining company, a new mine entering production is always an exciting time - particularly for the development team," said President and CEO Aaron Regent. "The team constructed Buzwagi on time and in line with its budget of about $400 million. They also successfully managed to do this with an outstanding safety record."
In 2009, Buzwagi is expected to produce approximately 200,000 ounces of gold at total cash costs of $320-$335 per ounce.
The Buzwagi project is a catalyst for economic growth with an initial investment of 450 billion shillings during its construction phase and over 1.3 trillion shillings when it becomes operational. During construction, Buzwagi provided more than 900 jobs and will cater for 700 jobs directly during operation.
2 comments:
Sasa tusubiri kupata mrabaha maana walikuwa hawatoi kitu wakisingizia kuwa bado hawajaanza kupata dhahabu.
Jackson
Mabibo-DSM
mgodi ni mkubwa tu ila hawa jamaa wanadhani sisi wananchi watatudanganya kila siku, nyakati zao zinakaribia kuisha, wananchi wataamka na kudai maliasili siku moja.
harakati daima.
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