https://www.engineeringnews.co.za
Gold|Mining|PROJECT|Resources
Gold|Mining|PROJECT|Resources
gold|mining|project|resources

Matsa signs ore deal with AngloGold Ashanti

20th May 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Matsa Resources has inked an ore purchase agreement with gold miner AngloGold Ashanti for the ore produced from the Red October gold mine, in Western Australia.

Ore from the Red October mine will be proceed at AngloGold Ashanti’s 3.8-million-tonne-a-year mill at the Sunrise Dam project for a period of up to five years.

Matsa will be responsible for mining and transporting the ore to the Sunrise Dam operation, some 60 km from the Red October mine, with AngloGold Ashanti taking possession of the ore once delivered.

“The execution of the agreement with AngloGold Ashanti continues our strong relationship and builds on the memorandum of understanding both parties entered into in mid-2018,” said Matsa executive chairperson Paul Poli.

“Previous mining campaigns at Fortitude and Red Dog have been successfully processed at Sunrise Dam with minimal fuss and we expect this to be no different. The fact that AngloGold are prepared to potentially accept all ore from Red October for up to five years is a testament to this as Matsa looks to develop a longer-term mine plan in the future.”

The first delivery of ore to the Sunrise Dam plant will start at the end of November this year.

Edited by Creamer Media Reporter

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.409 0.543s - 158pq - 2rq
Subscribe Now