9/9/2010 19:38:17

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Iamgold commissions mine six months ahead of its timeline

Canadian junior miner Iamgold Corp. said Tuesday it has opened its Essakane mine in Burkina Faso six months ahead of its original target, and is processing ore since last week. The deposit is one of West Africa's largest untapped gold prospects, with a forecasted output of 500,000 ounces of gold from startup to the end of 2011.

Iamgold owns 90% of the Essakane mine while the government of Burkina Faso holds the remaining 10%. The company took over the project last year when it acquired fellow Canadian junior gold miner Orezone Resources Inc, and says it has spent US$ 443 million preparing the mine for production, in the largest foreign investment to date in Burkina Faso.


Publicado em: 30/6/2010 00:23:00



 

 

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