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Dividend-paying ABG beats FY guidance to produce 640 000 oz

By: Natalie Greve Following a year in which African Barrick Gold (ABG) introduced a sweeping operational review to buffer against a subdued gold price, the company has beaten its full-year production guidance by 7% and increased year-on-year output to 641 931 oz for the 12 months ended December 31. Under the... 

Tulawaka mine, Tanzania

By: Lisete Bigala An openpit mine situated in Tanzania. 

African Barrick to miss 2011 target

By: Henry Lazenby African Barrick Gold will fall short of its 700 000 oz production target for 2011, as power outages in Tanzania had cost it between 35 000 oz and 40 000 oz of gold in the financial year. The majority of this impact had been at the Buzwagi mine, which relies on grid power, including the loss of... 

MDN seeks 'strategic partner' on Quebec project

By: Liezel Hill TSX-listed junior MDN has hired PricewaterhouseCoopers Corporate Finance to advise the company in its search for a strategic partner on the Crevier niobium/tantalum project in Quebec. PwCCF will help identify potential partners to help develop the project, as well as provide technical support in... 

African Barrick more than triples FY income

By: Petronel Smit LSE-listed African Barrick Gold (ABG), which produces gold from four mines in Tanzania, said net income more than tripled to $218-million in 2010. The precious metals miner on Wednesday reported that a strong fourth quarter saw sales for the year reach 724 083 oz, a 6% increase on 2009,... 

MDN aims for 2012 start-up at Quebec niobium/tantalum project

By: Liezel Hill Montreal-based MDN Inc believes it can be producing niobium and tantalum from its Quebec project by 2012, exploration vice-president Marc Boisvert said in Toronto on Friday. There is a scoping study under way at the moment, which will be completed and made public by November, he said at an even... 

Quebec gold junior uses cash advantage to snap up niobium asset

By: Liezel Hill Sure, it may have just announced plans to buy as much as 75% of an advanced niobium/tantalum project, but Montreal-based MDN Inc remains firmly a gold-focused company, says exploration vice-president Marc Boisvert. For MDN, the end game is to find a “company maker” gold deposit on its... 

Buzwagi gold project, Tanzania

By: Sheila Barradas The Buzwagi project will be an openpit operation, with a gravity-leach circuit. 

Canadian junior produces record output at Tanzanian mine

By: Christy van der Merwe TSX-listed mining and exploration junior Minieres du Nord (MDN) achieved record gold production at its Tulawaka mine, in Tanzania, which is a joint venture (JV) with wholly owned Barrick Gold subsidiary Pangea Goldfields. 

Tanzanian govt approves EIA for Barrick's Buzwagi project

By: Nelendhre Moodley Canadian gold major Barrick Gold Corporation on Friday announced that it had received approval from the Tanzanian government on the environmental impact assessment on its Buzwagi project, located 80 km south of its Bulyanhulu mine, in Tanzania. 

Tulawaka mine, Tanzania

By: Carla Thomaz Name: Tulawaka mine. Location: Tulawaka mine is located 160 km south-west of Mwanza, West Tanzania. Brief history: Gold mineralisation was discovered on the Tulawaka property in September 1998. A special mining licence was grantedto Pangea Minerals (wholly-owned indirect subsidiary of Barrick... 

Barrick-Placer together create world's biggest

By: Nicola Mawson South Africa's gold-mining predominance slipped away for the second time last week with the merging of Barrick and Placer Dome, which formed the world's largest gold-mining company. The first slip occurred when one-time production leader AngloGold was pipped at the post by US-based Newmont in the... 

Barrick-Placer together create world's biggest gold group

By: Nicola Mawson South Africa’s gold-mining predominance slipped away for the second time last week with the merging of Barrick and Placer Dome, which formed the world’s largest gold-mining company. 

Gold hopeful chooses Africa over Australia

By: Nicola Mawson Australian gold miner Gallery Gold, which has its major asset base in Eastern and Southern Africa, has indicated that its Tanzanian mine will be producing by mid-2007. 

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Au 1229.67 $/ozChange: -15.07
Pt 1255.00 $/ozChange: -15.00