Geita, Tanzania

Geita, one of AngloGold Ashanti’s flagship mines, is located in north-western Tanzania, in the Lake Victoria goldfields of the Mwanza region, about 120km from Mwanza and 4km west of the town of Geita.

Key metrics FY24

Ownership

100%

Mineral Reserve

3.25

million ounces of gold

Gold production

483,000

ounces

All-in sustaining costs

1,418

US$ per ounce

Capital expenditure

196

US$ million

Workforce

7,035

including contractors

Geita is wholly owned by AngloGold Ashanti. Underground mining is conducted at Nyankanga and open-pit mining at Nyamulilima.

A carbon-in-leach plant capable of processing hard ore has an annual capacity of 5.2Mt and is supported by an established tailings storage facility. A full workshop facility supports the maintenance of heavy mining equipment and all light support equipment. Additional infrastructure includes a mine village, medical clinic, mine store, administration buildings and airstrip.

The underground mining method used at Geita is a combination of longitudinal open stoping and transverse open stoping.

A brief history

• In 1936, the first Geita deposits were discovered and by 1966, three mines had produced almost 1Moz of gold.
• Ashanti Goldfields Corporation acquired the project on the acquisition of Cluff Resources in 1996 and in early December 2000, Ashanti Goldfields Corporation reached an agreement to sell AngloGold a 50% interest in Geita for $324 million. AngloGold added its neighbouring Nyamulilima Hill deposits into the JV company.
• In 2004, the merger of AngloGold and Ashanti Goldfields Corporation resulted in the operation being wholly run by AngloGold Ashanti.
• In 2015, a decision was taken to go underground at Star and Comet and the underground development started in 2016.
• In 2017 the Nyankanga underground operation began.
• Mining of the Nyankanga open pit was completed in September 2020 and in April 2021 mining of the Nyamulilima open pit began