Thursday, May 14, 2009

Buzwagi Yaanza Kutema

Tanzania last week dug deeper into its golden era, after Barrick Gold's new Buzwagi mine in Kahama District, Shinyanga Region, started production. Buzwagi mine is now one of the country's largest mining operations and Barrick Gold, the world's largest mining house, has expressed excitement on its first gold pour.

In 2009, Buzwagi is expected to produce approximately 200,000 ounces of gold at total cash costs of $320-$335 per ounce. The Buzwagi project is a catalyst for economic growth, with an initial investment of 500bn/- during its construction phase and over 1.5trillion/- when it becomes operational. Kwa urefu iko hapa

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