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Wednesday, 6 August 2014

Liberia’s first gold mine on schedule

About 70% of development at Liberia’s first gold mine is complete and the mine is on track to start producing in March next year. This is according to David Reading, CEO of Aureus Mining, the London-listed company that owns the New Liberty Gold project in the north-west of Liberia, about 80km from the capital of Monrovia.

South African-based company DRA has been appointed engineering, procurement, construction and management contractor and will be responsible for building the processing plant, mining infrastructure including the mining village, river diversion and tailings storage facility (TSF). Aureus Mining is to do the pre-strip and pit development.

Earthworks at the mine started in December 2012 and are almost complete. The river diversion is 90% done while the TSF is on track to be finished by late December. DRA has started constructing the steel frame for the plant. When asked about risks in Liberia, Reading tells African Mining that, despite the country’s long mining history, infrastructure and getting work done on time remain the primary concerns.