Asante Gold Reached Key Construction Milestone at Bibiani Gold Mine
The mine commenced 12-hour per day operations to process ore on September 27.
SEATTLE (Scrap Monster): Asante Gold Corporation reported that it has completed construction and commissioning of sulphide plant at its Bibiani gold mine in the Republic of Ghana.
Since the start of this year, the business has increased construction at the mine with the help of $100 million from Fujairah Holdings, its second-largest stakeholder. The funding was in keeping with the terms and conditions of the $500 million deal on the forward sale of gold generated at the Ghana mine that was made with Fujairah Holdings, a company based in the United Arab Emirates, last December.
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On September 27, the mine started processing ore 12 hours a day. It anticipates operating around the clock as of right now. Throughout October, optimization activities will be carried out to reach gold recovery rates above 85%. By the end of October this year, the business wants to recover 92% of its gold. By the way, the mine's nameplate capacity is approximately 4 million tons annually.
The business currently intends to concentrate on putting the sulphide treatment facility into operation, ramping it up, testing it, and optimizing it in order to reach recovery rates of about 92%, following the successful completion of construction and commissioning.