Dominion Lending Centres Clearlease Reports African Barrick (LSE:ABG) (TSX:ABX) mine invaded by hundreds of intruders; 7 intruders killed
VANCOUVER, BC (May 17, 2011) Clearlease Reports Seven people were killed and a dozen more were injured after they tried to steal ore from a gold mine in Tanzania, African Barrick Gold PLC (LSE:ABG) said Tuesday May 17, 2011.
The company, controlled by Toronto-based Barrick Gold Corp. (TSX:ABX), said 800 “criminal intruders” were trying to steal ore from its North Mara mine when police were called on Monday.
African Barrick said police have increased their presence in the area and launched an investigation after the thieves attacked the police with machetes, rocks and hammers.
The company’s own security force was not involved in the incident and initial reports were that no African Barrick employees were injured.
It was not immediately known if any Tanzanian police were injured.
“Although full details are yet to be confirmed, African Barrick Gold sincerely regrets any loss of life or injury on or near its mine sites,” the company said in a statement.
“The company will continue to support the government and the community in their efforts to improve law and order and security in the North Mara region.”
The company noted that the incident had no material impact on operations.
The North Mara mine is in northwest Tanzania, about 20 kilometres south of the Kenyan border. The mine, which started operations in 2002, includes four open pit deposits, a processing plant and a tailings pond.
The company said 1,753 people worked at the mine at the end of last year including 829 African Barrick employees and 924 contractors.
North Mara produced about 213,000 ounces of gold in 2010.
African Barrick owns Barrick’s former mines in Tanzania that also include the Bulyanhulu, Tulawaka and Buzwagi mines as well as several exploration properties in the region.
African Barrick shares were down nearly six per cent or 28.6 pence at 469 pence on the London Stock Exchange .
On Monday, African Barrick said production at the Buzwagi mine would be less than expected because of a malfunction at a plant.
The company said plant would run at reduced capacity while a replacement motor at the SAG mill is installed.
“We estimate that the production impact in the current quarter will be approximately 10,000 ounces of gold, but we would expect to recover most of this over the second half of the year,” the company said.
Barrick Gold (TSX:ABX), the world’s largest gold miner, holds a roughly 74 per cent stake in African Barrick, which it spun off last year.
Barrick owns and operates gold mines in Canada, the U.S., Peru, Argentina, Chile, Australia and Papua New Guinea. Its major development projects include Pueblo Viejo in the Dominican Republic, Cortez Hills in Nevada, and Pascua-Lama on the border between Argentina and Chile.
Barrick shares were down seven cents at $43.92 on the Toronto Stock Exchange .
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports African Barrick (LSE:ABG) (TSX:ABX) mine invaded by hundreds of intruders; 7 intruders killed
VANCOUVER, BC (May 17, 2011) Clearlease Reports Seven people were killed and a dozen more were injured after they tried to steal ore from a gold mine in Tanzania, African Barrick Gold PLC (LSE:ABG) said Tuesday May 17, 2011.
The company, controlled by Toronto-based Barrick Gold Corp. (TSX:ABX), said 800 “criminal intruders” were trying to steal ore from its North Mara mine when police were called on Monday.
African Barrick said police have increased their presence in the area and launched an investigation after the thieves attacked the police with machetes, rocks and hammers.
The company’s own security force was not involved in the incident and initial reports were that no African Barrick employees were injured.
It was not immediately known if any Tanzanian police were injured.
“Although full details are yet to be confirmed, African Barrick Gold sincerely regrets any loss of life or injury on or near its mine sites,” the company said in a statement.
“The company will continue to support the government and the community in their efforts to improve law and order and security in the North Mara region.”
The company noted that the incident had no material impact on operations.
The North Mara mine is in northwest Tanzania, about 20 kilometres south of the Kenyan border. The mine, which started operations in 2002, includes four open pit deposits, a processing plant and a tailings pond.
The company said 1,753 people worked at the mine at the end of last year including 829 African Barrick employees and 924 contractors.
North Mara produced about 213,000 ounces of gold in 2010.
African Barrick owns Barrick’s former mines in Tanzania that also include the Bulyanhulu, Tulawaka and Buzwagi mines as well as several exploration properties in the region.
African Barrick shares were down nearly six per cent or 28.6 pence at 469 pence on the London Stock Exchange .
On Monday, African Barrick said production at the Buzwagi mine would be less than expected because of a malfunction at a plant.
The company said plant would run at reduced capacity while a replacement motor at the SAG mill is installed.
“We estimate that the production impact in the current quarter will be approximately 10,000 ounces of gold, but we would expect to recover most of this over the second half of the year,” the company said.
Barrick Gold (TSX:ABX), the world’s largest gold miner, holds a roughly 74 per cent stake in African Barrick, which it spun off last year.
Barrick owns and operates gold mines in Canada, the U.S., Peru, Argentina, Chile, Australia and Papua New Guinea. Its major development projects include Pueblo Viejo in the Dominican Republic, Cortez Hills in Nevada, and Pascua-Lama on the border between Argentina and Chile.
Barrick shares were down seven cents at $43.92 on the Toronto Stock Exchange .
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports African Barrick (LSE:ABG) (TSX:ABX) mine invaded by hundreds of intruders; 7 intruders killed
VANCOUVER, BC (May 17, 2011) Clearlease Reports Seven people were killed and a dozen more were injured after they tried to steal ore from a gold mine in Tanzania, African Barrick Gold PLC (LSE:ABG) said Tuesday May 17, 2011.
The company, controlled by Toronto-based Barrick Gold Corp. (TSX:ABX), said 800 “criminal intruders” were trying to steal ore from its North Mara mine when police were called on Monday.
African Barrick said police have increased their presence in the area and launched an investigation after the thieves attacked the police with machetes, rocks and hammers.
The company’s own security force was not involved in the incident and initial reports were that no African Barrick employees were injured.
It was not immediately known if any Tanzanian police were injured.
“Although full details are yet to be confirmed, African Barrick Gold sincerely regrets any loss of life or injury on or near its mine sites,” the company said in a statement.
“The company will continue to support the government and the community in their efforts to improve law and order and security in the North Mara region.”
The company noted that the incident had no material impact on operations.
The North Mara mine is in northwest Tanzania, about 20 kilometres south of the Kenyan border. The mine, which started operations in 2002, includes four open pit deposits, a processing plant and a tailings pond.
The company said 1,753 people worked at the mine at the end of last year including 829 African Barrick employees and 924 contractors.
North Mara produced about 213,000 ounces of gold in 2010.
African Barrick owns Barrick’s former mines in Tanzania that also include the Bulyanhulu, Tulawaka and Buzwagi mines as well as several exploration properties in the region.
African Barrick shares were down nearly six per cent or 28.6 pence at 469 pence on the London Stock Exchange .
On Monday, African Barrick said production at the Buzwagi mine would be less than expected because of a malfunction at a plant.
The company said plant would run at reduced capacity while a replacement motor at the SAG mill is installed.
“We estimate that the production impact in the current quarter will be approximately 10,000 ounces of gold, but we would expect to recover most of this over the second half of the year,” the company said.
Barrick Gold (TSX:ABX), the world’s largest gold miner, holds a roughly 74 per cent stake in African Barrick, which it spun off last year.
Barrick owns and operates gold mines in Canada, the U.S., Peru, Argentina, Chile, Australia and Papua New Guinea. Its major development projects include Pueblo Viejo in the Dominican Republic, Cortez Hills in Nevada, and Pascua-Lama on the border between Argentina and Chile.
Barrick shares were down seven cents at $43.92 on the Toronto Stock Exchange .
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk