The Serra Grande Gold Mine is a gold mine located in Crixás in the Brazilian state of Goiás. The mine is jointly owned by AngloGold Ashanti and Kinross Gold Corporation, who share equal partnership. AngloGold Ashanti operates the mine, but revenue from the operation is evenly distributed between the two companies.
In 2008, the Brazilian operations, including the Serra Grande Gold Mine, contributed 8% to AngloGold Ashanti's overall gold production. This mine is one of two operations by AngloGold Ashanti in Brazil, with the other being the Brasil Mineração Gold Mine.AngloGold Ashanti: Country report Brazil AngloGold Ashanti website, accessed: 13 July 2010
History Exploration work at the Serra Grande mine began in 1973, with detailed mapping and diamond drilling conducted until 1976. However, actual mining operations did not start until 1987.Crixás, Brazil Kinross website, accessed: 13 July 2010
In January 2003, Kinross Gold acquired a fifty percent stake in the Serra Grande mine through a merger with TVX.
Serra Grande currently comprises three underground mines: Mina III, Mina Nova, and Palmeiras, with Palmeiras being the most recent development. Additionally, there is an open pit located above Mina III.
The mine recorded one fatality in 2008 but has been fatality free in 2009.
Production Recent production figures of the mine were: Year Production (ounces) Grade Cost per ounce 2003 Annual Report 2005 AngloGold Ashanti website, accessed: 11 July 2010 190,000 7.88 g/t US$ 109 2004 188,000 7.80 g/t US$ 134 2005 192,000 7.93 g/t US$ 158 2006 Annual Report 2006 AngloGold Ashanti website, accessed: 11 July 2010 194,000 7.51 g/t US$ 198 2007 Annual Report 2009 AngloGold Ashanti website, accessed: 9 May 2010 182,000 7.21 g/t US$ 263 2008 174,000 7.58 g/t US$ 294 2009 154,000 4.72 g/t US$ 406 2010
References
External links Kinross Gold website AngloGold Ashanti website AngloGold Ashanti: Country report Brazil