From All Africa
Mining company B2Gold will on Friday conduct the ground-breaking ceremony for its planned US$240 million (N$2.2 billion) Otjikoto gold mine.
Once operational the Otjikoto mine – located between Otjiwarongo and Otavi – will be the largest gold mine in Namibia, surpassing the output of Navachab.
Meeting for a one-on-one interview with New Era yesterday, B2Gold’s Vancouver-based president and chief executive officer, Clive Johnson, said his company will be spending significant amounts of money on further exploration to either expand the mine or lengthen its predicted 12-year life-span.
Otjikoto will operate as an open-pit mine and is estimated to will yield 112 000 ounces of gold annually, although the first five years are expected to produce a higher yield of 141 000 ounces per annum.
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