A single focus: Gold in Africa
Currently, all of ABG’s mining operations are in Tanzania, which benefits from:
- significant mining potential
- an established legal and regulatory framework for mining companies
- political stability with a history of democratically elected governments.
Our producing mines
We have four producing mines at present: Bulyanhulu, Buzwagi, North Mara and Tulawaka. All are in the north of Tanzania.
Bulyanhulu
- Production of 259,873 Oz in 2010
- High grade underground mine with a reserve life of 25+ years
- Proven and probable reserves of 11,026,000 Oz
Key priorities:
- Bring the Upper East Zone into production
- Continue our strong commitment to training with a focus on specialised skills
Buzwagi
- Production of 186,019 Oz in 2010
- Open pit mine with a 13-year mine life
- Proven and probable reserves of 2,892,000 Oz
Key priorities:
- Continue the development and training of the operation’s workforce
- Continue the acceleration of stage two mining
North Mara
- Production of 212,947 Oz in 2010
- Open pit mine consisting of three open pits with a ten-year mine life
- Proven and probable reserves of 2,836,000 Oz
Key priorities:
- Complete feasibility study for North Mara Underground
- Commission water treatment plant
Tulawaka (70%)
- Production of 42,094 Oz in 2010
- Completed open pit mine now with underground production
- Proven and probable reserves of 67,000 Oz
Key priorities:
- Open West Pit Extension to supplement production
- Evaluate additional opportunities to further extend the mine life
Our exploration projects
Our strategy is to maintain a mix of projects at different stages in the exploration and development life cycle.
We hold one of the largest land packages in Tanzania, over highly prospective greenstones and around the major gold-mining projects in the Lake Victoria greenstone belt. Our focus is to explore in and around our existing operations, as well as on early-stage exploration programmes.
From our base in Tanzania, we are also well placed to widen our interests into other parts of Africa.
For our projects in more detail, see exploration projects.
Our offices
Headquarters: London, UK
Our corporate headquarters in London is the base for ABG’s Executive Directors and other members of the Senior Leadership Team. This includes the General Counsel and the Head of Corporate Development and Investor Relations.
Regional Office: Johannesburg, South Africa
Our regional base in Johannesburg hosts our administrative, finance, human resources and procurement functions as well as a number of technical services for our operations.
Regional Office: Dar es Salaam, Tanzania
This office serves as the primary interface with the government, and is the logistics base providing local support to our operations. Other functions located here include community relations and a number of technical services.