| Buzwagi Gold Mine | |
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Buzwagi Gold Mine
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| Location | Kahama |
| Region | Shinyanga |
| Country | Tanzania |
| Owner | |
| Company | African Barrick Gold |
| Website | ABG website |
| Year of acquisition | 2000 |
| LSE | ABG |
| Production | |
| Financial year | 2009 |
| Ounces of Gold | 189,000 |
| History | |
| Opened | 2009 |
| Closed | 2022 (expected) |
Buzwagi Gold Mine is an open pit gold mine in the Shinyanga Region of Tanzania, located 6 kilometres southeast from the town of Kahama. It is operated by African Barrick Gold.
It is one of four gold mines African Barrick Gold, a subsidiary of Barrick Gold, operates in Tanzania, the other three being Tulawaka, Bulyanhulu and the North Mara Gold Mine. In the financial year 2009, the four operations produced a combined amount of 716,000 attributable ounces of gold.[1][2]
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Gold mining in Tanzania in modern times dates back to the German colonial period, beginning with gold discoveries near Lake Victoria in 1894. The first gold mine in what was then Tanganyika, the Sekenke Mine, began operation in 1909, and gold mining in Tanzania experienced a boom between 1930 and World War II. By 1967, gold production in the country had dropped to insignificance but was revived in the mid-1970s, when the gold price rose once more. In the late 1990s, foreign mining companies started investing in the exploration and development of gold deposits in Tanzania, leading to the opening of a number of new mines.[3]
Barrick acquired Buzwagi, alongside Tulawaka, as part of its acquisition of Pangea Goldfields Inc. in 2000.[4] The mine, the second largest mining operation and the largest single open pit mine in Tanzania, opened in 2009. The mine was construction for Buzwagi cost approximately $400 million,[5] and employeed more than 3,000 people.[6] It consists of an open pit mine, ore processing facilities, a waste rock storage facility, a tailings storage facility, as well as water management and other ancillary facilities. In 2009, Buzwagi employed close to 1,500 people. It has, as of 2009, an expected mine life of 13 years remaining.[7] Mine production costs are expected to be a maximum of US$335 per ounce.[5]
In 2010, 60 employees were suspended, after Barrick discovered widespread fuel theft by employees at the mine.[8]
Production figures for the mine since opening in 2009:[7]
| Year | Production | Grade | Cost per ounce | Tonnes processed |
| 2009 | 189,000 ounces | 2.24 g/t | US$ 422 | 2,670,518 |
| 2010 |
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