Goldplat eyes production boost in Ghana after signing new supply deal
16 March 2010
AIM quoted gold producer Goldplat has agreed a supply deal with industry giant AngloGold Ashanti which it hopes will boost the overall monthly gold production figures from its reprocessing operation in Ghana.
Goldplat’s Ghanaian gold recovery business, Gold Recovery Ghana (GRG), provides an economic method for mines to dispose of waste materials while meeting environmental obligations.
The latest deal will see GRG acquire fine carbon and mill liners, which are by-products from the mining process, from AngloGold's Obuasi and Iduapriem gold mining operations in Ghana, where stockpiles of the materials have accumulated. It is anticipated that the first load of materials are expected to be delivered to GRG by beginning of April 2010.
Goldplat's chief executive, Demetri Manolis, said: “Our gold recovery processing operations both in Ghana and South Africa continue to be cash generative and profitable. We are focussed on increasing production at GRG, so were delighted to strengthen an existing relationship with one of the major mining companies, AngloGold, and secure additional long-term supplies of gold bearing materials for processing and future production.
Apart from its two gold reprocessing plants, Goldplat also runs mining operations in Kenya and Burkina Faso.
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