Audio By Carbonatix
The management of Anglogold Ashanti (Iduapriem) Limited (AAIL) has embarked on an expansion programme estimated at about 56 million dollars.
It includes construction of a new crushing station, an additional ball mill and expansion to the leaching, gravity, thickening and residue sections of the treatment plant.
The programme that began last year with earthworks and structural concrete works are in progress while the raft slabs for the ball mill and gyratory crusher tower are well advanced and excavation for the rest of the crusher station are in progress.
It is expected to be completed during the third quarter of 2008.
Mr Peter Sampson, Acting Managing Director of AAIL announced this at an annual thanksgiving service of the Mine at Tarkwa.
He said the programme would increase production by about 15 per cent and significant reduction in operation cost and maintenance.
Mr Sampson said AAIL produced 190,000 ounces of gold last year, six per cent lower than its production in 2006.
He noted that their operations were hampered by frequent mechanical problems with the aged crushing plant and gearbox failure on a mill during the first quarter of 2007.
He appealed to the workers to work harder to reduce cost of production and take advantage of the high price of gold on the world bullion market to make more money.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Rule of law must be protected – GBA condemns EOCO action against Baffour Awuah
13 minutes -
950,000 barrels of Sankofa crude head to TOR as GNPC deepens domestic refining
25 minutes -
Scales of deception removed – Annoh-Dompreh attacks new cocoa price
37 minutes -
Young Positivist Writes : My Experience with GCLP
2 hours -
Strong Day 1 turnout sets tone for Day 2 of Republic Bank-JoyNews Habitat Fair Clinic
2 hours -
Ghana Army warns new soldiers against social media misuse, uniform abuse
2 hours -
AMA calls for science-led action to tackle environmental health risks in Accra
3 hours -
NPP Canada Organizer BigMo urges Diaspora to support Kodua Frimpong
4 hours -
He entered at eight. He is now 16: Ghana’s children growing up in prayer camps
7 hours -
‘Development must not always begin from Accra’ — Anwelle Foundation launched in Jirapa
7 hours -
PKO trio eye victories at Odwira Festival
9 hours -
346 Ghana Navy recruits pass out after 26 weeks of intensive training
9 hours -
Newsfile to discuss EOCO-MP arrest, drug trafficking, speech arrests and $235m water debt
10 hours -
JoyNews gets results as listeners raise GH¢40,000 to help 17-year-old student with cerebral palsy attend SHS
10 hours -
Vice President calls for stronger local pharmaceutical production to reduce medicine imports
11 hours