True Gold Mining Delivers its Fresh Water Reservoir
True Gold, one of the top gold mining companies, is currently working on expanding their company growth by developing a low-cost, open-pit heap leach gold mine in Burkina Faso, West Africa called The Karma Project. Over the past year True Gold has been working to towards a production decision regarding this potential project and is excited to announce that on Monday May 12, 2014, it has successfully completed the construction of its most recent major water infrastructure for the proposed Karma Mine. Not only is the project completed, but it was done ahead of schedule and under budget.
The fresh water reservoir, also known as a barrage, was a two phase project located off the Nkambe River, four kilometers south of the proposed Karma Mine. The first phase consisted of a dam which was one meter in height and sufficient capacity to be able to provide for the mine. The second phase involved increasing the height and storage capacity of the reservoir basin to a volume that it may support the proposed mine while still providing enough water for the local communities.
In its completion, the new barrage has the capability of providing a total of about 1.3 million cubic meters of water on a yearly basis which will meet the requirement of the mine. Excited by this new achievement, Dwayne Melrose, President & CEO of True Gold states that, "The completion of this major piece of infrastructure is a significant milestone in the mine development process, as it mitigates water-related project risks as we gear up to begin construction of Burkina Faso's next gold mine.” This fresh water reservoir will be critical for providing water for mine construction and operational needs in the area. What makes the barrage even more impressive and valuable is that it will be providing a year-round water source to the local communities in addition to the mining operations. Melrose is proud to report that "the construction of the barrage ahead of schedule and under budget is a testament to our integrated team's ability to deliver project results as planned in the field." There is no doubt that True Gold is going above and beyond to produce the infrastructure and environmental needs for the Karma Project to be commenced. The company is eager to continue its growth and leach gold production in West Africa which is why this fresh water reservoir is a key component.
In efforts to preserve the maximum amount of water possible to provide for the city and mine alike, the barrage will pump water to storage ponds during the rainy months so that it may be used for plant processing, irrigation and other mining construction purposes.
Global iron ore production to recover by 5.1% in 2021
Global iron ore production fell by 3% to 2.2bnt in 2020. Global production is expected to grow at a compound annual growth rate (CAGR) of 3.7% to 2,663.4Mt between 2021 to 2025. The key contributors to this grow will be Brazil (6.2%), South Africa (4.1%), Australia (3.2%) and India (2.9%). Key upcoming projects expected to commence operations include South Flank in Australia (2021), Zulti in South Africa (H2 2021), Serrote Da Laje in Brazil (H2 2021) and Gudai-Darri (2022), according to GlobalData, a leading data and analytics company.
Vinneth Bajaj, Associate Project Manager at GlobalData, comments: “Declines from Brazil and India were major contributors to the reduced output in 2020. Combined production from these two countries fell from a collective 638.2Mt in 2019 to an estimated 591.1Mt in 2020. The reduced output from the iron ore giant, Vale, was the key factor behind Brazil’s reduced output, while delays in the auctioning of mines in Odisha affected India’s output in 2020.
“Miners in Australia were relatively unaffected by COVID-19 due to effective measures adopted by the Australian Government, while a speedy recovery in China led to a significant 10.4% increase in the country’s iron ore output.”
Looking ahead, the global iron ore production is expected to increase by 111.3Mt to 2,302.5Mt in 2021. Rio Tinto is expected to produce up to 340Mt of iron ore, while BHP has released production guidance of 245–255Mt, supported by the start of the Samarco project in December, which is expected to produce between 1–2Mt.The company has retained its guidance for Australian mines at 276–286Mt on a 100% basis, due to scheduled maintenance work at its ore handling plant and tie-in activity at the Area C mine and South-Flank mine.
Bajaj added: “The remaining companies are expected to produce more than 600Mt of iron ore, including FMG, whose production is expected to range between 175–180Mt supported by its Eliwana mine that commenced operations in late December 2020, and Anglo American, which is expecting to produce between 64–67Mt. Vale is expected to resume 40Mt of its production capacity, taking its overall production capacity to 350Mt in 2021, with production guidance of 315-335Mt.”