Newcrest Seeks to Expand Output From West African Gold Mine
This article is for subscribers only.
Newcrest Mining Ltd., Australia’s biggest gold producer, said it needs to expand production at the Bonikro site in West Africa to make the unit a viable part of its portfolio of mines.
Exploration to increase Bonikro’s resource base is expected to start from the next quarter, Colin Moorhead, executive general manager of exploration of the Melbourne-based company, said at a conference today in Western Australia. Bonikro, located near Hire, about 250 kilometers (155 miles) northwest of the commercial capital Abidjan, produces about 120,000 ounces of gold a year.