Rangold’s Tongon mine in Ivory Coast to start in October
South African gold miner Randgold said on Saturday its Tongon mine in the north of Ivory Coast will start production in October.
“We expect to
produce 75,000 ounces of gold in 2010,” Rangold Executive Director Mark
Bristow said during a visit to the project.
He said the mine
will ramp up to about 280,000 ounces of annual gold output from 2011
through 2013, and said total output from the mine during its projected
11-year life-span would be 2.84 million ounces.
Ivory Coast is the world’s largest producer of cocoa but is seeking to boost revenues from gold mining to diversify its economy.
Gold output from the civil war-scarred West African state tripled in 2009 to about 6.94 tonnes.
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