Used Mining Equipment for Sale: Banro Corporation announce that it has entered into an agreement to purchase a refurbished gold processing plant capable of achieving a throughput capacity of 1.3 million tonnes per annum. MSloane Consulting provides heavy equipment for sale for various construction and mining companies worldwide.The closing of the purchase of the plant is expected to occur on or about September 21, 2009. This acquisition supports the Company’s strategy of advancing production through a staged approach which will focus initially on the processing of oxide material at the Company’s wholly-owned Twangiza gold project in the Democratic Republic of the Congo (the “DRC”).
It is planned that the plant will be transported by sea from Australia, via the Mombasa port in Kenya, and then by road to the Twangiza project site in the DRC, where it will be erected and commissioned over the next 24 months. The Company intends to further optimize this timeline as the project moves forward.
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