|Company||AngloGold Ashanti (40%)
Government of Mali (20%)
|Website||AngloGold Ashanti website
The Yatela Mine is an open-pit gold mine situated near Yatela, 25 km north of Sadiola, in the Kayes Region of Mali. It is a single-pit operation. Commencing operation in 2001, heap leaching together with carbon-loading is carried out at a rate of approximately 2.9 million tonnes per year. The final step of eluting carbon and smelting the gold in the gold recovery process is completed at the Sadiola Gold Mine.
Apart from Yatela and Sadiola, AngloGold Ashanti's also operates the Morila Gold Mine in Mali. The production of its mines in Mali contributed 8 percent to the company's overall production in 2008.
The operation is 80% owned by the Sadiola Exploration Company Limited, a joint venture in which AngloGold Ashanti and IAMGOLD each have an effective holding of 50%. The Government of Mali owns the remaining 20%.
Mining in this region of Mali, according to old workings, dates back at least 1,000 years and written records confirm that small scale mining was carried out there for most of the past 300 years. From 1987 onwards, the government of Mali carried out exploration activities in the area.
In late 1997, IAMGOLD and Anglo American purchased the rights to the mining concession. In 1998 and 1999, a feasibility study was carried out. Anglo American eventually transferred its rights to AngloGold, which, in 2004, became AngloGold Ashanti. Development of the mine begun in 2000 and it opened in 2001. While the mine is owned jointly by AngloGold Ashanti, IAMGOLD and the government of Mali, AngloGold Ashanti is the operator of the mine.
In 2009, the mine employed just over 800 people.
Production figures of the recent past were:
|Year||Production||Grade||Cost per ounce|
|2003 ||218,000 ounces||2.84 g/t||US$ 235|
|2004 ||242,000 ounces||3.41 g/t||US$ 255|
|2005 ||246,000 ounces||2.99 g/t||US$ 263|
|2006 ||352,000 ounces||4.12 g/t||US$ 228|
|2007 ||165,000 ounces||3.46 g/t||US$ 322|
|2008 ||301,000 ounces||2.66 g/t||US$ 572|
|2009 ||222,000 ounces||3.62 g/t||US$ 368|
- Annual Report 2009 AngloGold Ashanti website, accessed: 27 July 2010
- Country report: Mali AngloGold Ashanti website, accessed: 26 July 2010
- Yatela Gold Mine, Mali: Overview IAMGOLD website, accessed: 28 July 2010
- Annual Report 2005 AngloGold Ashanti website, accessed: 11 July 2010
- Annual Report 2006 AngloGold Ashanti website, accessed: 11 July 2010