https://www.engineeringnews.co.za
Gold|Mining|PROJECT|Resources|Equipment
Gold|Mining|PROJECT|Resources|Equipment
gold|mining|project|resources|equipment

Bassari's Chinese alliance moves Senegal project closer to production

31st July 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed gold developer Bassari Resources has inked a strategic alliance with China’s Vanture International for the supply of processing equipment at the Makabingui gold project, in Senegal.

The company told shareholders that the alliance was another step forward in becoming a gold producer by 2015.

“Having secured a strategic alliance with Vanture International on the back of assembling the highly experienced development team, we are well on our way to fast-tracking the development of the Makabingui gold project,” said Bassari MD Jozsef Patarica.

A feasibility study estimated that the Makabingui project will require a $12-million capital investment to allow for the mining of about 171 000 oz of gold. The study indicated that the 11.9-million-tonne resource, grading 2.6 g/t gold, could deliver 50 000 oz/y of gold over a three-and-a-half-year mine life.

Edited by Creamer Media Reporter

Comments

Latest News

Image of Metair CEO Paul O’Flaherty
Metair to tackle high debt, gauge Mutlu’s future  
27th March 2024 By: Irma Venter

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.106 0.166s - 160pq - 2rq
Subscribe Now