Monday, March 2, 2009

Geita Mining Operations Improving Yearly Due to High Performance of Mining Equipment

Geita produced 327,000 oz of gold, equivalent to 6% of group production in 2007 thanks to their mining equipment. Operations at Geita are slowly improving yearly following the more than 50% fall in production for 2006 to 308,000 oz. Production for 2007 was 6% better at 327,000oz, while the average grade of ore processed increased from 1.68g/t in 2006 to 2.01g/t in 2007.

The Geita open pit gold mine is the biggest of AngloGold Ashanti's eight open-pit mines in Africa and is its only operation in Tanzania. It is 80km south-west of the town of Mwanza in the north-west of Tanzania.

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