The Path to Best Practice at Geita Gold Mine

- Organization:
- The Australasian Institute of Mining and Metallurgy
- Pages:
- 7
- File Size:
- 436 KB
- Publication Date:
- Sep 18, 2012
Abstract
The Geita Gold Mine is located 80 km southwest of the town of Mwanza in the north-west of Tanzania and is 100 per cent owned by AngloGold Ashanti Limited. Open pit mining commenced at Geita in 2000. In 2011, the operation produced 494 000 oz at a cash cost of US$536/oz. This is a significant improvement from 2008, when 264 000 oz were produced at a cash cost of US$742/oz.A period of relatively poor operating performance at Geita was recorded over the period from 2006 to 2009. A period known at Geita as æthe turnaroundÆ commenced in 2009, and has been remarkable to say the least. Over the last couple of years the mine has embarked on a journey, which saw various interventions and initiatives. Among the key initiatives were Project ONE (which focuses on business process framework, systems for people and safety transformation), asset integrity, fatigue management and contract mining of satellite pits.Since the commencement of the turnaround at Geita, gold production has matched market guidance. The mine has returned to positive cash flow on the basis of strong performance on cash management, improved production and increased gold price.This paper explains some of the details of the mine operationsÆ improvements, how they were implemented, their relative contributions to improved mining performance and the path ahead to best practice. Observations will be made about some improvement rules that can be applied generally in open pit mining.CITATION:Gregory, B S and Monaghan, M, 2012. The path to best practice at Geita Gold Mine, in Proceedings Eighth Open Pit OperatorsÆ Conference , pp 41-48 (The Australasian Institute of Mining and Metallurgy: Melbourne).
Citation
APA:
(2012) The Path to Best Practice at Geita Gold MineMLA: The Path to Best Practice at Geita Gold Mine. The Australasian Institute of Mining and Metallurgy, 2012.