Banro Acquires Used Plant for Twangiza
The refurbished plant includes a crushing plant, two ball mills, a carbon-in-pulp section, a gold room and a laboratory. Banro’s consultants, SENET Engineering, estimate the total cost of purchasing and delivering the plant to Twangiza to be less than $15 million, representing significant savings in time and cost to Banro. SENET has been selected as the overall project manager and will manage the erection and commissioning of the plant. Banro intends to operate the plant as part of a low-cost, phase-one oxide mining operation, to be expanded in subsequent years.
Production from the first phase plant is estimated at between 80,000 and 110,000 oz/y of gold.