Barrick North Mara Mine in Tanzania Sees 24% Rise in Output

[MaxShimba]

Barrick North Mara Mine in Tanzania Sees 24% Rise in Output


By Ray Naluyaga
Aug. 18 (Bloomberg) -- Barrick Gold Corp.'s North Mara mine in north-western Tanzania is expected to increase production by as much as 24 percent this year.

"After producing 197,000 ounces at a total cash cost of $757 an ounce in 2008, the latest estimates put expected 2009 output at between 225,000 and 245,000 ounces of gold at much lower cash costs of $445 to $495 an ounce," Barrick's Vice President for Africa, Gareth Taylor, said in an interview in Dar es Salaam yesterday.

In March this year, Barrick cut more than 200 jobs and shut one of three pits at the mine, located 100 kilometers (62 miles) east of Lake Victoria, after theft and vandalism increased costs.

Tanzania is the continent's third-largest producer of the metal after South Africa and Ghana. Barrick began production at its Buzwagi mine in May.

To contact the reporter on this story: Ray Naluyaga in Dar es Salaam via Johannesburg on 1999 or pmrichardson@bloomberg.net
Last Updated: August 18, 2009 10:20 EDT

How much is Tanzania getting from these guys? How much is Gov of Tanzania collecting for each exported ounce?


http://www.bloomberg.com/apps/news?pid=20601082&sid=aTObv3CbGX70

 

[LazyDog]

Barrick North Mara Mine in Tanzania Sees 24% Rise in Output


By Ray Naluyaga
Aug. 18 (Bloomberg) -- Barrick Gold Corp.’s North Mara mine in north-western Tanzania is expected to increase production by as much as 24 percent this year.

“After producing 197,000 ounces at a total cash cost of $757 an ounce in 2008, the latest estimates put expected 2009 output at between 225,000 and 245,000 ounces of gold at much lower cash costs of $445 to $495 an ounce,” Barrick’s Vice President for Africa, Gareth Taylor, said in an interview in Dar es Salaam yesterday.

Hiyo ni production cost au ni cost ipi?
Bei ya gold ikoje hivi sasa?
Itakayovunwa itauzwa mara moja au itahifadhiwa ipate soko zuri baadae?