Nordgold to invest $80 mln in Lefa mine in Guinea in 2019 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Nordgold to invest $80 mln in Lefa mine in Guinea in 2019

MOSCOW, Apr 29 (PRIME) -- Gold mining company Nordgold, controlled by Russian tycoon Alexei Mordashov, plans to raise investment in its Lefa mine in Guinea by 15% on the year to about U.S. $80 million in 2019, the company said in a statement on Monday.

УWe remain committed to Guinea and to driving performance at the Lefa mine. This intensive investment programme will put us in the best position to maximize the value of this major asset. Alongside the investment in equipment and facilities, we will also maintain our strong support of the local communities,Ф the company said quoting LefaТs Acting General Manager Alejandro Rodriguez.

Nordgold will continue investing in exploration to extend the life of the mine and to sustain the production level, Rodriguez added.

In March 2019, an approval and convention for mineral extraction at the Lefa mine came in force to be in effect for 15 years, similar to the mineТs life. Until the end of the mineТs lifespan, Nordgold plans to invest more than $360 million into it.

In 2018, gold production at the mine fell 10% on the year to 187,800 ounces.


29.04.2019 15:17
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.8524 +0.2238 21 nov
USD 64.0213 +0.2483 21 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1448.40 -0.22 18:50 20 nov
micex 2936.47 -0.18 18:50 20 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 248.00 0.00 18:47 20 nov
lkoh 6084.50 -0.09 18:47 20 nov
rosn 450.35 -0.49 18:46 20 nov
sber 237.78 -0.61 18:47 20 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.7400 +0.1000 14:59 20 nov
USDTD 63.9500 +0.1475 17:44 20 nov