US is open to gold mining investments, says AngloGold’s Calderon
Bullion major AngloGold Ashanti is continuing to progress work at its US-based projects and expects to have Tier-1 gold-producing assets in Nevada by 2025, CEO Alberto Calderon has said.
In a speech to the Melbourne Mining Club this week, he stated that AngloGold was confident that it would receive the permits for its assets in the Beatty district of Nevada, stating that the parameters and standards that it had to deliver were clear.
"We know where we are headed," Calderon said.
He also noted that the US was inviting gold mining investments.
AngloGold in January concluded the $370-million acquisition of Corvus Gold, through which it obtained the North Bullfrog and Mother Lode projects, as well as exploration assets. These assets were combined with AngloGold’s own neighbouring projects, providing an opportunity for the Beatty district to be a Tier-1 asset.
Despite coming onto AngloGold’s radar after the Quebradona copper/gold project, the newly acquired Nevada assets would be in production before the Colombia project, which had faced an environmental approval setback.
AngloGold had to go back to the drawing board on some environmental information. In November, the environmental agency notified the mining company of its decision to “archive” the environmental licence application for Quebradona, stating that it did not have enough information to take a substantive decision. This has resulted in an up-to-two-year delay.
Calderon said this week that AngloGold would be ready to resubmit its environmental application in the next 12 months.
Quebradona is one of the world’s pre-eminent copper projects, expected to treat about 6.2-million tonnes a year of ore, producing three-billion pounds of copper, 1.5-million ounces of gold and 21-million ounces of silver over about 23 years.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.
VISIT SHOWROOM
Complete range of security sealing solutions including security seals bags and labels.
VISIT SHOWROOM
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
