Modern Mining Marchh 2017

MINING News

Teranga wins PDAC award for responsible mining

Teranga Gold Corporation, listed on the TSX and ASX, has received the 2017 Environmental & Social Responsibility Award at the Prospectors & Developers Association of Canada (PDAC) Awards Gala in Toronto. The award recognises Teranga’s leadership and commitment to making lasting contributions to the communities surrounding its Sabodala gold mine in Senegal, West Africa. “We believe that our success is tied to the achievement of the goals of our host communities and our reputation as a responsible partner in sustainable resource development,” said Richard Young, President and CEO of Teranga. “On behalf of our directors, employees, inves- tors, and the local communities in which we operate, we are proud to accept this recognition of our commitment to respon- sible mining and building a strong social licence in West Africa.” Since 2009, Teranga has worked with government and nearby communities to establish initiatives that contribute to the environment and region for the long term. They include investing a minimum of $1,2 million annually in a community social fund to advance sustainable community development projects, supporting small businesses through local procurement, and delivering more than 40 training programmes to develop employee skills, literacy and numeracy. “The Government of Senegal has a very good relationship with Teranga based on a win-win approach and shared support of the mining industry. Teranga under- stands that they need to not only invest for their shareholders, but also invest in the agriculture, education and training for the local communities,” said Ousmane Cisse, Director of Mines and Geology, Government of Senegal. “Teranga is the

Seen at the PDAC Awards Gala reception on 7 March 2017 are (left to right): Richard Young, President and CEO of Teranga, Ousmane Cisse, Director of Mines & Geology, Government of Senegal, Alan Hill, Chairman of Teranga’s board, and Aziz Sy, General Manager, Sabodala Gold Operations.

flagship company in the gold sector, and the PDAC award shows to all companies mining in Senegal that responsible mining is the way forward.” Teranga’s Sabodala mine is the only gold mine and mill in Senegal. Located approximately 650 km south-east of Dakar, it has been in operation since 2009 and in 2016 produced approximately 216 000 ounces of gold. The company also holds

the Banfora gold project in Burkina Faso, which it acquired as part of its takeover of ASX-listed Gryphon Minerals in 2016. Gryphon had intended to develop Banfora utilising a 2 Mt heap leach pro- cessing facility. Teranga’s preferred development path, however, will be based on an optimised CIL flowsheet and the company is expecting to make a develop- ment decision in H2 2017.  month, all commencing in March 2017. Premier has also announced that an X-Ray Transmission (XRT) sorter has arrived on site at RHA and is currently being assem- bled and integrated. It forms part of an upgrade to the existing plant. George Roach, Chairman and CEO, com- mented:“The XRT sorter is an important part of the upgrades and improvements made to the plant and I am pleased to say that the installation is progressingwell and that we are on track for first production this quarter.” 

Shaft upgrades completed at tungsten mine Premier African Minerals, listed on AIM, says that shaft upgrades at its RHA tungsten mine in north-western Zimbabwe have been completed. In addition, the terms for the underground mining contract have now been finalised with mining contractor African Mining and Exploration (Afmine) to deliver up to 16 000 tons of tungsten ore per month to the plant.

At the same time, final terms have been agreed to deliver up to 24 000 tons of tungsten ore from open-pit operations per

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