Can only be positive for SBS.Barrick's expansion in Africa comes...

Can only be positive for SBS.

Barrick's expansion in Africa comes amid an industry-wide effort by gold miners to find new deposits as existing mines are depleted.

© The Calgary Herald 2008


Barrick's new mine in Tanzania on target
From Herald News Services
Published: Wednesday, February 06, 2008

Mining - Barrick Gold Corp., the world's biggest gold miner, said on Tuesday it expects its Buzwagi gold mine in Tanzania to be in production next year at a cash cost of less than $300 US an ounce.

Alexander Davidson, Barrick's executive vice-president of exploration and corporate development, added that the Toronto-based miner is expecting much better results from its other mining operations in Tanzania.

Production at its Bulyanhulu gold mine was hit last year when about 1,000 workers walked off the job. The mine has since returned to full production.