tanzania's Geita Gold Mine posts superb Q3 performance

Gold production at Geita Gold Mine (GGM) reached 138,204 ounces during the third quarter of 2015 (July - September), the firm announced at the weekend. “The quarterly output reflected 108.3 per cent achievement against a budget of 127,647 ounces,” the firm said in a statement.

It further pointed out that the company has achieved its ambition to cut down operating costs in alignment to the current gold price. “Direct operating costs were US$ 535/oz compared to a set budget of US$ 599/oz,” it noted.

During the quarter, GGM continued to maintain its safety policies. 

“We seek to create value for our operations and communities by helping to address the health and safety risks faced by our employees including communities within the vicinity of our operations. “The mine had one lost time injury (LTI) recorded in Q3, and 7 High potential Incidents (HPI’s) were noted.

“GGM Safety initiatives include continuous inspections, weekly safety meetings, with increased participation of staff at supervisory level. Risk Management and major hazard controls will be the mine’s priority during Q4,”it added.

It said that the firm was committed to continuously improve production processes by prevention of pollution, enhance waste management, increase carbon efficiency and effectively maximising our natural resources.

“Living by these commitments is not only part of our obligation as a responsible company, it is also essential to maintain our social licence to operate and our continued relationships with local communities, who often share the same resources,” it explained.

GGM said an environmental Audit by Tanzania Mineral Audit Agency (TMAA) was carried out in August 2015 and no major non-conformance was raised in the audit and there were good environmental achievements noted in comparison to the previous year.

GGM pledged to continue supporting communities surrounding the mine, noting that in August and September, this year, it launched three Small and Medium Enterprise (SME) projects with the aim of empowering the community economically.

The projects included tailoring, embroidery and knitting, welding and Hydra Form brick making. GGM also launched Phase I of the Geita Economic Development Programme (GEDP) agricultural projects.

The two trial crops selected were rice and sunflower. GGM is assisting in the development of farming skills, the purchase of quality seeds as well as entrepreneurial training for farmers in six villages -- namely Nungwe, Saragulwa, Nyakabale, Bugurula, Kasota and Nyanswala. “Over 300 individuals will directly benefit from these projects.

In collaboration with Geita Town council, GGM is investing 1.7bn/- on the projects,” read the statement. During the quarter, Geita District Council and Geita Town council completed the construction of 56 laboratories for secondary schools by utilizing service levy funds paid to them by GGM.

In partnership with the Tanzania Commission For Aids (TACAIDS) and other stakeholders, the 2015 GGM Kilimanjaro Challenge attracted 39 climbers, 38 of whom reached the summit.

The Kili Challenge launch was graced by former president Benjamin Mkapa and 750m/- were distributed to various beneficiaries (NGOs) currently implementing the HIV and AIDS programmes.

Through the Kili Challenge fund, GGM completed renovation of three wards of the Geita District Hospital at the cost of 100m/-. It also continued to support the fight against HIV/AIDS by supplying condoms worth 9m/- to the VCT Centrr that was constructed through the Kili Challenge Fund.

The Kilimanjaro Challenge is an annual event which came into effect in 2002 and it is the largest private sector HIV /AIDS charity event in East Africa.

GGM in collaboration with other stakeholders is also sponsoring medical services provided to inhabitants of Lake Victoria Islands by using a medical ship donated by Vine Trust to the African Inland Church Tanzania (AICT).

During Q3, a total of 25,772 patients were attended to since the service was launched in Q1. The ship is currently covering 40 islands on Lake Victoria with a population of 450,000 people.

GGM is wholly owned by AngloGold Ashanti, Africa’s largest gold producer with further operations in other parts of the world. In the past five years, AngloGold Ashanti (AGA) has invested over 1.5tri/- (about US$743 million) in the development and sustaining of GGM.

Capital expenditure forecasted for 2015 is about US$ 121 million. The mine currently employs over 3,500 people both directly and indirectly, with a further 155 casuals and apprentices, where 95 per cent of the employees are Tanzanians.
Source: Daily News, reported from Dar es Salaam, Tanzania
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