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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (1109)	4/5/1999 8:41:00 AM
From: Enigma	Respond to of 3558

NR: (COMTEX) B: Tanzania to Open Largest Gold Mine Next Year B: Tanzania to Open Largest Gold Mine Next Year DAR ES SALAAM (April 5) XINHUA - The initial mining operations of Tanzania's largest gold mine will start in August next year, a Tanzanian national newspaper reported Monday. The Bulyanhulu Gold Mines in Kahama District of the western Region of Shinyanga is also the largest gold deposit in east Africa, the Daily Mail said. "Bulyanhulu is envisaged to produce in excess of 300,000 ounces of gold per year," Bill Bali, the Kahama Mining Corporation Limited resident director was quoted as saying. Bali said that about 45 percent of underground designed work of the mine has been completed and site earth work contract is proceeding on schedule. Kahama Mining, a subsidiary of a Canadian-based Sutton Resources Limited, owns the Bulyanhulu Mines. Money for completion of construction work will be made available by a new parent company, the Barrick Gold Corporation, said Bali. He said that as a leading international gold producer with extensive mine development experience and operational expertise, the Barrick Gold will assure the successful development of Bulyanhulu. Enditem 05/04/99 08:25 GMT * end of story *