Buzwagi Gold Mine

History

Gold mining in Tanzania in modern times dates back to the German colonial period, beginning with gold discoveries near Lake Victoria in 1894. The first gold mine in what was then Tanganyika, the Sekenke Mine, began operation in 1909, and gold mining in Tanzania experienced a boom between 1930 and World War II. By 1967, gold production in the country had dropped to insignificance but was revived in the mid-1970s, when the gold price rose once more. In the late 1990s, foreign mining companies started investing in the exploration and development of gold deposits in Tanzania, leading to the opening of a number of new mines.

Barrick acquired Buzwagi, alongside Tulawaka, as part of its acquisition of Pangea Goldfields Inc. in 2000. The mine, the second largest mining operation and the largest single open pit mine in Tanzania, opened in 2009. The mine was construction for Buzwagi cost approximately $400 million, and employed more than 3,000 staff. It consists of an open pit mine, ore processing facilities, a waste rock storage facility, a tailings storage facility, as well as water management and other ancillary facilities. In 2009, Buzwagi employed close to 1,500 staff. It has, as of 2014, an expected mine life of 5 years remaining.

In 2010, 60 employees were suspended, after Barrick discovered widespread fuel theft by employees at the mine.{{cite web |url-status=dead

References

References

1. [http://www.acaciamining.com/ Acacia Mining website] {{Webarchive. link. (2015-08-10 accessed: 14 August 2015)
2. [http://www.tanzaniagold.com/tanzania_mining_history.html Tanzania Mining History] {{Webarchive. link. (2010-08-14 tanzaniagold.com, accessed: 24 July 2010)
3. link. (2011-07-07 accessed: 24 July 2010)
4. Hill, Liezel. (4 May 2008). "Barrick reports first gold pour at Tanzania mine". Creamers Mining Weekly.
5. (11 May 2009). "Buzwagi pours first gold". Daily News.