Buzwagi Gold Mine
 | |
| Location | |
|---|---|
  Buzwagi Gold Mine Location of Buzwagi Gold Mine. | |
| Location | Kahama |
| Region | Shinyanga |
| Country | Tanzania |
| Coordinates | 3°51′40″S32°40′15″E/ 3.86111°S 32.67083°E |
| Production | |
| Production | 189,000 |
| Financial year | 2009 |
| History | |
| Opened | 2009 |
| Owner | |
| Company | Acacia Mining |
| Website | Company website |
| Year of acquisition | 2000 |
Buzwagi Gold Mineis anopen pitgoldminein theShinyanga RegionofTanzania,located 6 kilometres southeast from the town ofKahama.It is operated byAcacia Mining.
It is one of three gold mines Acacia Mining operates in Tanzania, the other two beingBulyanhuluand theNorth Mara Gold Mine.In the financial year 2014, the company produced a combined amount of 719,000 attributable ounces of gold.[1]
History
[edit]Gold mining in Tanzania in modern times dates back to theGermancolonial period,beginning with gold discoveries nearLake Victoriain 1894. The first gold mine in what was thenTanganyika,theSekenke Mine,began operation in 1909, and gold mining in Tanzania experienced a boom between 1930 andWorld War II.By 1967, gold production in the country had dropped to insignificance but was revived in the mid-1970s, when the gold price rose once more. In the late 1990s, foreign mining companies started investing in the exploration and development of gold deposits in Tanzania, leading to the opening of a number of new mines.[2]
Barrick acquired Buzwagi, alongside Tulawaka, as part of its acquisition of Pangea Goldfields Inc. in 2000.[3]The mine, the second largest mining operation and the largest single open pit mine in Tanzania, opened in 2009. The mine was construction for Buzwagi cost approximately $400 million,[4]and employed more than 3,000 staff.[5]It consists of an open pit mine, ore processing facilities, a waste rock storage facility, a tailings storage facility, as well as water management and other ancillary facilities. In 2009, Buzwagi employed close to 1,500 staff. It has, as of 2014, an expected mine life of 5 years remaining.
In 2010, 60 employees were suspended, after Barrick discovered widespread fuel theft by employees at the mine.[6]
References
[edit]- ^Acacia Mining websiteArchived2015-08-10 at theWayback Machineaccessed: 14 August 2015
- ^Tanzania Mining HistoryArchived2010-08-14 at theWayback Machinetanzaniagold.com, accessed: 24 July 2010
- ^Overview / Profile&categoryChosen=History of ABG ABG African Barrick Gold website: HistoryArchived2011-07-07 at theWayback Machineaccessed: 24 July 2010
- ^Hill, Liezel (4 May 2008)."Barrick reports first gold pour at Tanzania mine".Creamers Mining Weekly.Retrieved2010-07-21.
- ^"Buzwagi pours first gold".Daily News.11 May 2009.Retrieved2010-07-22.
- ^"Mining Journal - African Barrick suspends Buzwagi employees".Archived fromthe originalon 2011-07-20.Retrieved2010-10-16.
External links
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