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Notes* The Mineral Resource Estimate is based on an optimized pit shell using US$1,300/oz gold and at a cut-off; grade of 0.50 g/t gold. Mining costs were considered at US$2.44/t and US$1.89/t for mineralized material

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ANGLOGOLD ASHANTI GOLDFIELDS (15 SEPTEMBER 2000). Ashanti Goldfields Company announces that it has secured the consent of its banks for an extension of both the US$100 million Bridge Facility and the date for completion of the sale of a 50% interest in its Geita gold mine in Tanzania to AngloGold until 31 October,

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The Mining industry of Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports, of which gold contributes over 90% of the total mineral exports. Thus, the main focus of Ghana's mining and minerals development industry remains focused on gold. Ghana is Africa's largest gold producer, producing 80.5 t in 2008.

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The Porgera Gold Mine is a large gold and silver mining operation in Enga province, Papua New Guinea (PNG), located at the head of the Porgera Valley. The mine is situated in the rain forest covered highlands at an altitude of 2,200 to 2,700 m, in a region of high rainfall, landslides, and frequent earthquakes.

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