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Article: Oxus Revises Amantaytau Planning
- Article from:
- Engineering and Mining Journal
- Article date:
- June 1, 2009
- Author:
CopyrightCopyright Mining Media, Inc. Jun 2009. Provided by ProQuest LLC. (Hide copyright information)
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Oxus Gold, owner of a 50% interest in gold and silver producer Amantaytau Goldfields in Uzbekistan, has downsized plans for development of an underground sulphide mine at its Amantaytau operations. The new plan calls for investment of $74 million to develop a 450,000 mt/y underground mine producing about 100,000 oz/y. Previous planning, based on a June 2008 feasibility study, assumed investment of $170 million to mine 750,000 mt/y (increasing to 1.2 million mt/y) and produce as much as 270,000 oz/y of gold. Commissioning of the downsized sulphide plant is expected in the first quarter of 2011. Amantaytau surface oxide mining operations produced 66,465 oz of gold in 2008, down from 83,339 oz ...