African Barrick Gold has got final approval from the Tanzanian Vice President's Office Responsible for Environment for the waste rock permit at its North Mara mine.
The granting of the permit for the potentially acid forming (PAF) waste rock, together with the non-acid forming (NAF) permit which was granted in late 2011, will allow the gold miner to get cracking on the major waste stripping programme in the Gokona pit at North Mara in order to open up higher grades zones in the open pit in the second half of 2012.
"This approval is an important milestone for North Mara in delivering its mine plan going forward," claimed African Barrick Chief Executive Officer Greg Hawkins.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"As we have previously communicated, our waste stripping activities had been constrained and we now look forward to being able to access the higher grade zones in the Gokona pit from the second half of this year onwards as expected," he added.
JH
-
Christmas at Chatsworth: review of The Cavendish Hotel at BaslowMoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
-
Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
