East Africa
African Eagle Resources JV partner in high grade gold find
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- Published on Wednesday, 04 January 2012 09:17
African Eagle Resources' joint venture (JV) partner BrightStar Resources has reported high grade gold results from its drilling programme at Miyabi gold project in Tanzania.
The results represent a new high grade zone with untested strike potential of more than 1km.
Many of the drill holes ended in mineralisation.
African…
Tanzania power woes to spoil African Barrick Gold output target
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- Published on Wednesday, 04 January 2012 09:16
African Barrick Gold said increasing power disruptions to national grid electricity supply in Tanzania will spoil its 2011 production target.
The miner said in a statement that it had lost an estimated 35,000 ounces to 40,000 ounces of gold production this year due to power related issues with most of the disruption affecting its Buzwagi mine.
"The…