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MODERN MINING
November 2015
MINING News
True Gold Mining Inc, listed on the TSX-V,
reports that mining has commenced at
the Goulagou II (GGII) deposit at the Karma
goldmine in Burkina Faso. The GGII deposit
is the first of six deposits that will be mined
over an 11,5-year period. The company
remains on track for gold production at the
end of Q1, 2016.
The GGII deposit has reserves of 273 000
leachable ounces of gold (contained in
7,6 Mt at 1,12 g/t gold) and will be mined
during the first two years of production.
“As we transition into gold production
over the next few months, our team is
increasingly focused on operational readi
ness,” states Christian Milau, President and
CEO of True Gold. “Karma will produce
approximately 120 000 ounces of gold per
True Gold on track for gold production at Karma
year during our first five years at the lowest
quartile of cash costs, laying the founda
tion for True Gold to become a mid-tier
producer.”
Karma mine construction is rapidly
progressing with nearly 1 000 employees
and contractors active on site. Overall, the
project is approximately 73 % complete
A recent view of the Karma project, which will produce approximately 120 000 ounces a year of gold in its first
five years of operation (photo: True Gold).
and is funded through construction to
production.
The mine fleet has been deployed to
GGII after completing significant exca
vation of bulk earthworks at the mine’s
processing and storage ponds. Operators
of the mining equipment are experienced
from the excavation of the processing and
storage ponds, and are now trained and
ready for production work.
Excavation of Cells 1, 2 and 3 of the
heap leach pad is substantially complete.
Civil construction is ahead of schedule. The
raw water and pregnant leach ponds are in
place and the 4 km pipeline from the bar
rage to the site is now being used to pump
water to these ponds, ensuring the process
ing plant start-up requirements are met.
At the plant site, construction of the cya
nide mixing area is complete with all civils
and tanks in place. The hard rock crusher
has been commissioned and is producing
aggregate for the drainage layer of the
heap leach pads. The ADR building struc
tural steel is 100 % complete. Installation of
siding and roofing is progressing quickly,
as well as piping and electrical.
Kalongwe copper project granted mining licence
ASX-listed Regal Resources says that it has
been informed by KalongweMining SA (KM)
– in which it has a 30 % interest – that the
DRC Minister of Mines, Martin Kabwelulu,
has signed an‘Arrêté Ministériel’granting an
exploitation (mining) licence in accordance
with the DRC Mining Code.
The licence granted to KM covers the
entire KM permit, an area of approximately
8 km
2
. It is valid for an initial term of 30 years
and can be renewed for additional periods
of 15 years.
Comments David Young, Regal’s MD:
“The granting of a mining licence repre
sents a major milestone for the Kalongwe
Mining Joint Venture and is the culmina
tion of the efforts by the three JV partners
GICC, Regal and Traxys. The licence pro
vides an additional level of confidence that
a mining operation will be developed at
Kalongwe and further de-risks the project.
A DFS has commenced and recent metal
lurgical testwork results are expected to
have a positive impact on the financial
parameters for the study.”
The Kalongwe project is located 45 km
from Kolwezi (and 15 km from Ivanhoe’s
Kamoa discovery) in Katanga and hosts
a near-surface oxide JORC resource of
302 000 t contained copper and 42 000 t
contained cobalt, with an average copper
grade of 2,71 % Cu.
Australia’s Resolute Mining has executed
an agreement to divest the company’s
residual interests and assets in Tanzania.
The divestment decision follows the clo
sure of Resolute’s Golden Pride mine in late
2013 and the subsequent completion of
Resolute Mining wraps up in Tanzania
the decommissioning and rehabilitation of
all elements of the company’s operations.
As agreed with the Government of
Tanzania, the mine site and all remaining
infrastructure was formally handed over
to the Madini Institute at a ceremony on
12 December 2014 to enable the establish
ment of a mining institute of learning.
Resolute began construction of the
Golden Pride mine, the first modern gold
mine in Tanzania, in 1997 and operated the
mine for 15 years, successfully producing
more than 2,2 million ounces of gold. MD
and CEO John Welborn says the compa
ny’s exit from Tanzania has closed a proud
chapter in Resolute’s history.
“Golden Pride was a strong driver of
value for Resolute and demonstrates the
company’s ability to profit from our expe
rience in Africa. Resolute is a responsible
and experienced owner and operator of
quality gold mines and we are increasingly
recognised, particularly in Africa, as a part
ner of choice for governments and local
communities,” he says.