Simfer Joint Venture Submits Feasibility Studies to Government

Rio Tinto reported in mid-May that the Simfer joint venture has submitted mine and infrastructure bankable feasibility studies for the Simandou South iron ore project to the government of Guinea. The project is based on one of the world’s largest untapped, high-grade iron ore resources, totaling more than 2 billion mt.

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Rusal, Guinea Sign Bauxite/Alumina Production Agreements

Russian aluminum producer Rusal and the Republic of Guinea have signed agreements that will allow Rusal to restart currently suspended production at the Friguia bauxite/alumina complex and initiate mining of the Dian-Dian bauxite deposit in Guinea.

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Aureus Reaches Commercial Production at New Liberty

Aureus Mining’s New Liberty open-pit gold mine in northwest Liberia reached commercial production on March 1 and produced 4,500 oz of gold during the first two weeks of the month. The product was shipped to the MKS PAMP refinery in Switzerland for smelting and refining. New Liberty is currently scheduled to have an eight-year life and to produce 119,000 oz/y during its first six years of production.

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Construction Under Way at Houndé Gold Project

Endeavour Mining started construction of its 90% owned Houndé gold project in western Burkina Faso on April 11, the same day that True Gold Mining’s Karma mine poured its first gold in north-central Burkina Faso. Endeavour acquired True Gold in a transaction that was approved at special meetings of the companies’ shareholders on April 21 and that closed on April 26. Acquisition of Karma adds 110,000 to 120,000 oz/y to Endeavour gold production over a projected mine life of 8.5 years based on current reserves.

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