Anglo Asian targets production from Ugur mine in Q4
JOHANNESBURG (miningweekly.com) – Gold, copper and silver miner Anglo Asian is on schedule to produce the first ore from its Ugur deposit – a new mineral resource 3 km west of its Gedabek licence in western Azerbaijan – in the fourth quarter of this year.
The deposit, which was discovered last year, provided the company with an “easily mineable” orebody, said group director of geology and mining Stephen Westhead.
An in-house estimate shows that the deposit contains about 195 000 oz of in-situ gold, which is amenable to agitation and heap-leach processing.
Pre-stripping of the top soil will start in late July with mining by conventional shovel and truck haulage starting in the fourth quarter.
"Anglo Asian will have progressed from making our first exploratory drill-hole of the Ugur deposit to producing ore from an openpit mine in little over one year,” said CEO Reza Vaziri.
"Production flexibility, expansion and opportunity are resulting from the development of the Ugur gold deposit together with the exploration and optimisation of other deposits in the Gedabek contract area. The resultant production profile will allow a timeframe for expanded exploration and evaluation of other mineralisation indicators for future growth," he added.
In addition to production starting from the new Ugur openpit mine, mining will also restart in the Gadir and Gosha underground mines. Ore production from Gadir has been reduced from February until September to allow for development and exploration drilling. Any ore mined from Gadir during this exploration development phase will be mainly stockpiled for fourth-quarter production, although Anglo Asian said that it had sent 24 000 t of ore for processing during the six months to June.
Full production from the main Gedabek openpit will resume in 2018.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation