UNDERGROUND

Commercial production gives shine to Shanta

Tanzania gold mine met its goal on time and on budget

 Ilunga underground is part of the New Luika complex in Tanzania

Ilunga underground is part of the New Luika complex in Tanzania

Company officials said the milestone comes less than 12 months after its August 2018 underground portal blast. The first ore stope is now producing at a depth of 98m below the portal and 130m below surface.

The mine's underground infrastructure and primary ventilation fan are also now installed and operational.

"Bringing these high grade ounces online within budget and on time is yet another example of our model at work, namely: adding low cost ounces to resources at our well established operations, thereby increasing the mine life and the free cash flow generation potential at NLGM," Shanta Gold chief executive Eric Zurrin said.

"Now that we have reached commercial production, we hope to delineate further mineable ounces by upgrading our inferred resources via cost efficient underground drilling."

Shanta officials said it invested just US$7.9 million to get Ilunga to its commercial milestone. The mine is now the third source of high-grade underground feed at NLGM, alongside the Bauhinia Creek and Luika operations.

The NLGM is located southwest of Dar es Salaam in the Songwe district. Shanta said it feels much of the country remains underexplored.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production