New Luika gold recoveries, cost savings increase
JOHANNESBURG (miningweekly.com) – The successful commissioning of the elution and electrowinning circuit at the Tanzania-based New Luika gold mine has improved gold recoveries from 2% to 87.2%, London-listed Shanta Gold said on Tuesday.
The East Africa-focused gold production and exploration company noted a 40% improvement in silver recovery and a decrease in carbon use.
“As management better understand the process, in particular the handling of the much higher quantities of silver, further benefits in terms of recoveries and costs are anticipated,” Shanta CEO Mike Houston said in a statement.
Further, the new circuit would result in additional revenue of about $1.5-million and cost savings of about $8/oz during the second half of 2014.
“Together with the soon to be commissioned crushing circuit, this gives Shanta a robust operation that has the capacity to increase throughput substantially,” Houston said.
The construction of the new crushing circuit was progressing well, with commissioning expected in August. Cost savings through the removal of rented equipment were expected to amount to $20/oz.
Meanwhile, Shanta kicked off a drilling campaign to extend the life-of-mine at New Luika.
The drilling programme, which would comprise 1 500 m of reverse-circulation drilling and 1 420 m of diamond drilling, would be completed this month, with an updated resource statement to be released in the third quarter of 2014.
“The drilling is focused on upgrading additional resource from inferred to indicated at Bauhinia Creek and Luika. Some exploratory drilling will also be completed at the attractive Ilunga target to establish if this high-grade orebody is open at depth,” the company explained.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
