International news within the industry of mining and metal, Jan, 18 2019
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Canadian gold miner secures $165M for West African mine

Photo: Teranga Gold
Photo: Teranga Gold
Published by
Jaroslaw Adamowski - 16 Mar 2018

Investment in Africa Canadian miner Teranga Gold has secured $165 million in funding from Taurus Funds Management to launch gold production at its second mine. The Waghnion gold project is lo-cated in Burkina Faso.

"We are very pleased to be partnering with Taurus to deliver on our vision of becoming the next multi-asset mid-tier gold producer in West Africa,” Richard Young, the president and CEO of Teranga Gold, was quoted in a statement.

The Wahgnion mine is expected to increase the company’s annual gold production by 50% to between 300,000 and 350,000 oz following first pour, which is anticipated by the end of 2019, according to Ter-anga Gold.

Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company
Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company

The world's first mining-related railway network for autonomous trains was opened

"improves productivity"

The mining company Rio Tinto's AutoHaul ™ program, which is expected to cost $ 940 million, is...