The gold mining sector in Cote d’Ivoire

Just some interesting data I found on Internet. The website also has data about the mining sectors in most of the African countries, including recent free publications on Liberia, Ghana or Sierra Leone.

La Mancha Resources Inc. held a 45.9% interest in the Ity gold mine. The company reported that the mine had produced 1,608 kg of gold (reported as 51,710 troy ounces) during the year compared with 1,694 kg (reported as 54,460 troy ounces) in 2008. The slight decrease in production was the result of a reduction in mill throughput and of a lower gold recovery rate (La Mancha Resources Inc., 2010, p. 7-8).
The Bonikro gold mine, which is located in south-central Côte d’Ivoire about 250 km northwest of the capital city of Abidjan, achieved its first full year of production. The mine produced 4,700 kg of gold (reported as 150,000 troy ounces). Lihir Gold Ltd. of Australia (the company that operated the mine) planned to invest $37 million in exploration in 2010 and was considering increasing annual production to more than 6,000 kilograms per year (kg/yr) by 2012 (Lihir Gold Ltd., 2010, p. 16).
The Angovia Mine, which is located about 40 km northwest of Yamoussoukro, produced 673 kg of gold during the year. Cluff Gold plc. of the United Kingdom (the company that operated the mine) estimated that production at Angovia would reach about 900 kg (reported as 30,000 troy ounces) in 2010. The company planned to continue with its ongoing drilling program, which was initially to focus on a 5,000-meter (m)reverse-circulation drilling program to identify near-surface gold-in-laterite and gold-in-saprolite deposits (Cluff Gold plc, 2010, p. 10-11).
London-based Randgold Resources Ltd. acquired a further 5% interest in the Tongon gold project, which raised its equity in the project to 89%. The company announced that construction of a metallurgical processing plant with a capacity to process 3.6 million metric tons per year of ore was underway and that the completion of construction work at the Tongon Mine, which was expected to come online in October 2010, was on schedule. Production for 2010 was expected to be about 2,300 kg/yr (reported as 75,000 troy ounces). The company envisioned producing about 9,000 kg/yr (reported as 290,000 troy ounces) during the first 2 full years of operation and then to average about 8,400 kg/yr (reported as 270,000 troy ounces) for the remainder of the mine’s life, which was estimated to be 10 years. The Government held a 10% interest in the Tongon Mine, and the remaining equity was held by a local Ivorian company (name not disclosed) (Randgold Resources Ltd., 2009, p. 14, 30-35; 2010, p. 36-39).

Read the full report here.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: