The results imply that Bulyanhulu and Buzwagi would be the world’s largest two gold mines by more than 25%

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  • Acacia wishes this were true – but sadly it is not the case that our mines each produce more than 1.5 million ounces of gold per year
  • Last year together they produced 450,000 ounces
  • Acacia’s verified data shows that the 277 containers at Dar Es Salaam port contain 26,000 ounces of gold in total.
  • The Committee’s findings were that the gold content of these containers, which represent just over one month’s production, totalled 7.8 tonnes (or 250,000 ounces).
  • In 2016, Acacia produced and sold 250,000 ounces of gold in concentrate from these two mines in the whole of the year.
  • For scale, Grasberg in Indonesia produces just over 1 million ounces of gold in a year, it is one of the largest mines in the world
  • Grasberg’s open pit is 3.5 km long x 2.5km wide and more than 550 metres deep vs Buzwagi’s pit which is just 1.3km long x 550 metres wide and 240 metres deep
  • Grasberg processes around 60 million tonnes per year compared to Buzwagi which processes 4 million tonnes
  • Grasberg processes in 25 days what Buzwagi processes in 1 year – how could Buzwagi produce more ounces of gold when grades are very similar

Toa maoni yako juu ya The results imply that Bulyanhulu and Buzwagi would be the world’s largest two gold mines by more than 25% kwa kutumia nafasi hapo chini ilipoandikwa ACHA MAONI

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