Tulawaka Gold Mine

Tulawaka Gold Mine
Tulawaka Gold Mine
Location in Tanzania
Location Biharamulo
Region Kagera
Country Tanzania
Owner
Company African Barrick Gold (70%)
Northern Mining Exploration Ltd (30%)
Website ABG website
Northern Mining website
Year of acquisition 2000 (Barrick)
LSE
TSX
ABG
MDN
Production
Financial year 2009
Ounces of Gold 94,000
History
Opened 2005
Closed 2011 (expected)

Tulawaka Gold Mine is a combined underground and open pit gold mine located in the Biharamulo district, in the Kagera Region of Tanzania. It is operated by African Barrick Gold, who ownes 70% of the mine. The remaining 30% are owned by Northern Mining Exploration Ltd.[1]

It is one of four gold mines African Barrick Gold, a subsidiary of Barrick Gold, operates in Tanzania, the other three being Bulyanhulu, Buzwagi 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.[2][3]

Contents

Description

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.[4]

The original discovery of the deposit at the Tulawaka mine was in 1998, with production beginning in 2005. The mine is a joint venture between African Barrick Gold and Northern Mining Exploration Ltd., who hold 70% and 30% stakes respectively. Barrick acts as the operator of the mine.[5] In 2008, the mine shifted from an open pit operation to an underground mining operation.[6] Barrick acquired Tulawaka, alongside Buzwagi, as part of its acquisition of Pangea Goldfields Inc. in 2000.[7]

In 2010, five illegal miners were killed trying to extract gold from an abandoned open pit near the Tulawaka mine, while five more were seriously injured,[8][9] after being buried alive.[10]

In 2009, Tulawaka employed 546 people. As of 2009 there was an expected mine life of only two years remaining but successful underground drilling results may extend the life.[1]

Production

Recent production figures for the mine:[1]

Year Production Grade Cost per ounce Tonnes processed
2007 178,000 ounces 12.50 g/t US$ 265 433,921
2008 211,000 ounces 16.36 g/t US$ 217 381,788
2009 94,000 ounces 6.87 g/t US$ 413 445,398
2010

References

External links