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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   25/10/2016
 
Gold Fields extends the life of it's Ghana mine
 

Gold Fields Limited announced the Reinvestment Plan for the Damang Gold mine in Ghana which will extend the life of mine (LOM) by eight years from 2017 to 2024. The Reinvestment Plan, entails Gold Fields investing US$1.4bn (operating and capital expenditure) over the LOM. It result in significant social benefits for Ghana, including the
creation and preservation of 1,850 direct jobs.

Over the LOM, a total of 165Mt will be mined, with 32Mt processed at a grade of 1.65g/t, resulting in total gold production of 1.56Moz.

The Reinvestment Plan is based on mineral resource models that have been updated in 2016.

The mine is situated in southwest Ghana, 300km west of the capital Accra
 


 
 
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