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Developer Tietto Minerals is preparing to materially increase its forecast production in an updated life of mine plan for its 90%-owned Abujar gold project in Cote d’Ivoire after posting a maiden measured resource of 350,000oz (7.7Mt @ 1.4g/t).
Tietto says the shallow measured resource, based on infill drilling to an average 110m vertical depth at the AG Core pit, significantly de-risks the first two years of gold production.
With...
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The outcomes of last year’s United Nations Climate Change conference in Glasgow may have been seen around the world as the death knell for coal, but the World Coal Association begs to differ.
CEO Michelle Manook has told the South Africa Colliery Managers Association in Johannesburg that events since the COP26 conference in November 2021 have strengthened the case for energy independence and security.
Manook says...
West African developer Tietto Minerals is on target for first gold production in the Dec 2022 qtr after naming international earthmoving contractor EPSA Internacional to conduct opencut mining at its 90%-owned Abujar project in Côte d’Ivoire.
EPSA, selected after a competitive tender and due diligence process, will be responsible for site preparation, drill and blast, load and haul and maintenance at Abujar....
The success of a $A130M placement will enable Tietto Minerals to accelerate the development of its 90%-owned, 3.35Moz Abujar project in Côte d’Ivoire, targeting first gold by year end and production of 260,000oz in CY2023.
Australian-based Tietto says its switch to full equity funding, from its previous project development facility, will accelerate development at significantly lower cost. Its optimisation work and greater contract...
West African developer Tietto Minerals says it’s on track for first gold pour in the Dec 2022 qtr for its 90%-owned, 3.35Moz Abujar project in Côte d’Ivoire with project funding secured, engineering & procurement work 75% completed and contracts awarded for plant and infrastructure civil works, platework and structural fabrication.
The mine is forecast to produce over 260,000oz gold in its first year and 1.2Moz over the first six...
Developer Tietto Minerals is fully funded through to gold production in CY2022 at its 88%-owned Abujar project in Côte d’Ivoire with completion of a heavily oversubscribed $A85M placement, complementing up to $US140M debt funding from Taurus Mining Finance Fund No2.
The placement, at $A0.39 per share, includes a material investment by one of China’s largest gold miners, Zhaojin Mining.
Tietto’s DFS...
Tietto Minerals has mandated Taurus Mining Finance Fund No 2 to deliver $US130-140M debt funding for its $200M capex development of the 200,000ozpa-plus Abujar gold project in Côte d’Ivoire.
MD Dr Caigen Wang says securing the five-year facility with Taurus, a dedicated resources fund manager with a long history of investing in the West African gold sector, provides certainty as major works proceed at Abujar.
The...
Breaks - TALKING POINT: GLOBAL MINING LEADERS COMMIT TO UN CLIMATE CHANGE GREENHOUSE EMISSIONS TARGET
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The chief executives of the world’s leading mining companies and their representative bodies have given their unanimous commitment to meet the UN’s target of achieving net zero greenhouse gas emissions by 2050 in line with the ambitions of the Paris Agreement by 2050 - or sooner.
The commitments from the International Council on Mining and Metals, World Gold Council, Minerals Council South Africa and...
Australian-based developer Tietto Minerals is a little over 12 months away from delivering West Africa’s next gold mine on the back of a definitive feasibility study demonstrating robust economics for its 88%-owned Abujar project in Côte d’Ivoire.
The study outlines a $US200M pre-production capital costs for the development slated to produce 260,000oz gold at all-in sustaining costs of $651/oz in its first year, averaging out to 155,...
West African-focused developer Tietto Minerals expects to begin site works in late 2021, leading to gold production in the Dec 2022 qtr, after its DFS demonstrated robust economics for its 90%-owned Abujar project in Cote d'Ivoire.
The study outlines 260,000oz production at AISC of $651/oz in the first year of the $US200M preproduction capital openpit project averaging out to 155,000ozpa at $832/oz over a total mine and processing life...