Sunrise Dam Gold Mine

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Sunrise Dam
Sunrise Dam Mill.jpg
Plant at Sunrise Dam Gold Mine
Location
Sunrise Dam Gold Mine is located in Australia
Sunrise Dam Gold Mine
Sunrise Dam Gold Mine
Location in Australia
Location Laverton
State Western Australia
Country Australia
Coordinates 29°08′S 122°42′E / 29.133°S 122.700°E / -29.133; 122.700Coordinates: 29°08′S 122°42′E / 29.133°S 122.700°E / -29.133; 122.700
Production
Production 401,000
Financial year 2009
History
Opened 1996
Owner
Company AngloGold Ashanti
Website AngloGold Ashanti website
Year of acquisition 1999
ASX AGG

The Sunrise Dam Gold Mine is located 55 km south of Laverton, Western Australia. It is fully owned by AngloGold Ashanti. In 2007, it accounted for 11% of the company's production.[1]

The mine is currently the company's only Australian operation. A second Australian project, the Tropicana Gold Mine, is in development and scheduled to open in 2013.[2]

History[edit]

The gold deposit at Sunrise Dam was discovered in August 1988[3] and gold mining operations started in 1995, mining ore in an open pit, the Mega Pit, which, in 2008, had reached a depth of 440 metres. In March 1997, the first gold was poured at the mine. In 1999, AngloGold acquired the mine through a takeover of Acacia Resources Ltd,[4] a move that also gained it a 33% stake in the Boddington project,[5] which it sold in early 2009 for $1.5 billion. Acacia, formerly Billiton PLC, was delisted from the Australian Stock Market on 11 January 2000.[6]

In 2003, underground operations commenced.

In 2006, AngloGold signed a contract for conversion of its diesel power generators to liquefied natural gas as a cost-saving matter as well as to protect the environment.[7]

In the June quarter of 2009, the mine produced 94,000 ounces of gold, a slight reduction to the previous quarter. At the same time, cost fell by 24% due to the use of existing stockpiles.[8]

During 2009, AngloGold discussed the option of processing ore from the Fortitude deposit, 36 km south of Sunrise Dam and owned by Midas Resources, at the mine.[9]

The majority of the mine workers are on a fly-in fly-out roster, with Skippers Aviation providing a charter service twice-daily from Monday to Friday.[10]

Production[edit]

Past production figures were:

Year Production Grade Cost per ounce
2000 [11] 309,000 ounces 3.87 g/t A$ 309
2001 [11] 297,000 ounces 4.12 g/t A$311
2002 [11] 382,000 ounces 3.49 g/t A$312
2003 [12] 358,000 ounces 3.12 g/t US$ 228
2004 [12] 410,000 ounces 3.46 g/t US$260
2005 [12] 455,000 ounces 3.68 g/t US$269
2006 [13] 465,000 ounces 3.39 g/t US$298
2007 [14] 600,000 ounces 4.86 g/t US$306
2008 [14] 433,000 ounces 3.46 g/t US$531
2009 [14] 401,000 ounces 2.87 g/t US$646
2010

References[edit]

  1. ^ AngloGold Ashanti website - Country Report Australia page: 6, accessed: 13 December 2008
  2. ^ AngloGold sees q1 '13 for Tropicana gold mine starting Industrysearch.com.au, published 28 July 2009, retrieved 3 September 2009
  3. ^ Sunrise Dam gold deposit accessed: 13 December 2008
  4. ^ Article on Sunrise Dam Department of Resources, Energy and Tourism website, accessed: 13 December 2008
  5. ^ AngloGold Bids For Acacia Resources AngloGold website, published: 11 October 1999, accessed: 13 December 2008
  6. ^ ACACIA RESOURCES LIMITED (AAA) Delisted.com.au, retrieved 3 September 2009
  7. ^ AngloGold Ashanti website - Country Report Australia page: 3, accessed: 13 December 2008
  8. ^ Quarterly report June 2009 AngloGold website, retrieved 2009-08-07
  9. ^ Progress Report Midas ASX announcement, published: 16 September 2009, accessed: 27 January 2010
  10. ^ Skippers website - Charters accessed: 15 November 2009
  11. ^ a b c The Australian Mines Handbook - 2003-04 Edition page: 127
  12. ^ a b c Annual Report 2005 AngloGold Ashanti website, accessed: 11 July 2010
  13. ^ Annual Report 2006 AngloGold Ashanti website, accessed: 11 July 2010
  14. ^ a b c Annual Report 2009 AngloGold Ashanti website, accessed: 9 May 2010

External links[edit]