Operations at Córrego, one of many two important mines at AngloGold’s AGA Mineração division, have been halted in August final yr because the complicated was working at a loss.
The opposite AGA Mineração’s asset is the Cuiabá gold complicated, which contains the Cuiabá and Lamego underground mines and the Cuiabá and Queiroz crops. The latter was quickly shut down in February 2023 to enhance situations on the Calcinados tailings facility.
In response to the legislative adjustments in Brazil, which adopted the Brumadinho tailings failure in 2019, AngloGold started the necessary decommissioning of its present waste storage models by transitioning to filtered tailings stacking. This was accomplished in 2022, making the corporate the primary giant gold producer within the nation to have eradicated all upstream tailings.
AngloGold stated this week it was contemplating strategic options for the idled Córrego do Sítio complicated, together with its potential sale. “We’re open and actively evaluating the potential for resuming operations. There are quite a few discussions underway,” Marcelo Pereira, the corporate’s vice chairman for Latin America, advised native paper Valor, with out offering additional particulars concerning the ongoing negotiations.
The asset consists of 1 open pit mine and one underground mine, which have been in manufacturing since 1989.
AngloGold produced 338,000 ounces of gold in Brazil from its two mining complexes final yr. Collectively, they accounted for round 13% of the corporate’s world output.
In the course of the first three months of the yr, AngloGold’s output within the nation elevated by 52% in comparison with the identical interval final yr, rising from 57,000 ounces to 86,000 ounces.
The gold miner additionally holds two greenfield tasks in Colombia and one within the US state of Nevada.