AngloGold Ashanti (NYSE: AU; ASX: AGG; JSE: ANG) has earmarked US$143 million to complete migrating its upstream mine waste garage amenities in Brazil, the place two primary tailings tragedies befell in fresh yr, to dry-stack operations.
The South African miner is making an investment with regards to US$42 consistent with oz.. on remodeling its tailings dams constructed the use of the upstream solution to conform to the nation’s new prison necessities when it comes to mining waste garage.
Upstream tailings use dried mine waste to construct the construction’s partitions. They’re the type of buildings that failed in 2015 on the Samarco dam and 2019 on the Feijao mine close to Brumadinho, each in Minas Gerais state.
The dry-stack manner is composed of filing all waste generated after ore processing to a filtering and drying procedure, and then it’s positioned in filtered tailings stacks.
AngloGold would be the first massive gold manufacturer within the nation to have eradicated all upstream tailings at its property in Minas Gerais and Goiás states by way of the tip of the yr.
The corporate produces round 510,000 oz of gold in Brazil from two mining complexes, which account for 15% of its general world manufacturing.