https://www.miningweekly.com
Africa|Exploration|Gold|PROJECT|Projects|Resources|Water|Environmental
Africa|Exploration|Gold|PROJECT|Projects|Resources|Water|Environmental
africa|exploration|gold|project|projects|resources|water|environmental

Randgold nearing completion of FS on Senegal gold project

Randgold Resources CE Mark Bristow

Randgold Resources CE Mark Bristow

Photo by Creamer Media

12th June 2018

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

London- and Nasdaq-listed gold miner Randgold Resources is nearing completion on a feasibility study (FS) at its Massawa gold project, in Senegal, and expects to make a development decision by the end of the year.

Randgold CE Mark Bristow and his team are in Senegal to inspect the project and update the Senegalese government on its progress.

He says the latest testwork on the project has shown that 75% of Massawa’s ore reserves could be processed through the simple, low-cost gravity and leach method, overcoming the obstacle that was initially presented by the project’s complex metallurgy.

The remaining 25% would be produced at the end of the mine’s life, either through the bacterial oxidation in agitated tanks – BIOX – process or sold as concentrate to a specialised process facility.

Randgold exploration GM Joel Holliday says continuing exploration is focused on expanding the Massawa reserve and, while it is still short of Randgold’s three-million-ounce minimum requirement, the project’s other metrics are positive.

An inter-Ministerial government commission has been appointed to oversee the project's licensing and development protocols, and a public consultation process will start next month. 

A draft environmental and social impact assessment study is scheduled for submission in July.

Ahead of the development decision, Randgold has already been investing in local community projects, with the emphasis on improving educational and healthcare facilities and providing potable water.

In line with its policy of local employment, 70% of the project's workforce has been recruited from surrounding villages.

Massawa was discovered by Randgold in 2007 and is one of the larger undeveloped gold deposits in West Africa. Its relatively long gestation period is a reflection of the company's tenacity and thorough approach to exploration and a further example of its discipline in bringing projects to account.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.112 0.144s - 92pq - 2rq
Subscribe Now