Miner looks beyond 10-year life
Miner looks beyond 10-year life

The world’s third-largest gold miner, AngloGold Ashanti, expects its Tropicana joint venture will be in production well beyond its projected 10-year mine life.

The $740 million Tropicana project – 330km east-north-east of Kalgoorlie-Boulder – has been hailed as the most significant Australian discovery of the past decade with its first gold pour expected late next year.

“It’s a new district. The drilling continues to show new gold,” AngloGold chief executive Mark Cutifani told the Kalgoorlie Miner.

“Some of the new stuff is relatively low grade but the important thing is there is still gold there.

“As we say, where there’s smoke there’s fire, so hopefully we’ll keep adding to the resource. With the resources we’re picking up now I’d say 15 years is looking pretty good. You want to understand where 10 years is going to come from and be very clear about the next five years."

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