Asanko Commissioning Ghana Gold Mine

Asanko Gold began commissioning Phase 1 of its Asanko gold mine in southwest Ghana in December, with expectations that first gold would be produced in January. The project is designed to produce 190,000 ounces per year (oz/y) of gold over a period of 12 years at steady-state operations. Capital expenditures to complete the project were within the budgeted $295 million, according to the company.

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Kinross Considering Two-phased Expansion for Tasiast

Kinross Gold is completing early-stage engineering work on a potential two-phased expansion at its Tasiast gold mine in northwest Mauritania. A feasibility study of an initial phase one expansion to increase mill throughput capacity from the current 8,000 mt/d to 12,000 mt/d is scheduled for completion in the first quarter of 2016.

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PwC Report Documents South Africa’s Mining Industry Challenges

The financial year to June 30 was extremely challenging for South Africa’s mining industry, PwC stated in the seventh annual edition of its SA Mine series. Local cost pressures, labor action, and the ongoing downswing in commodity prices resulted in shrinking margins, as mining companies grappled to improve productivity and find a place in the demanding global and local mining environment.

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