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Bulyanhulu
Contact Information 
International House, Level 2,
Shaaban Robert Street/Garden Avenue,
PO Box 1081
Dar es Salaam, 
Tanzania 
Tel: (255-51) 123-181
Fax: (255-51) 123-180
Time: UTC +3h (Mombasa)
General Manager: Greg Walker

 

Summary Report  (printer friendly)

Overview - world location
Keywords
  Tanzania
  gold
  underground
The Bulyanhulu mine is located in northwest Tanzania, East Africa, approximately 55 kilometers south of Lake Victoria. The property covers an area of 52 sq. kilometers.

The mine was discovered in 1976 and was built in the late 1990s at a cost of $280 million. Commercial production began in 2001. The expected minimum mine life is 24 years.

mine site At the end of 2005, Bulyanhulu had 10.7 million ounces of proven and probable gold reserves. Drill results to date indicate that grades improve at depth. The current reserves are concentrated on one reef but significant exploration potential has been identified on two other reefs on the property. In 2005, the mine produced 311,000 ounces of gold at total cash costs of $358 per ounce.
In 2005, the mine produced 311,000 ounces of gold . . .


Bulyanhulu has 1,445 employees and 150 contractors. The mine operates seven days a week, with two 10-hour shifts.

Ownership Summary
 Name: Barrick Gold Corp.
   Interest: 100%
   Note: public

Reference: 31 Dec 2005
Barrick operates the Bulyanhulu property through its subsidiary, the Kahama Mining Corporation. Kahama pays the government of Tanzania a royalty of 3% on the "net back value" of production and the government has a 15% equity interest in the mine.

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Last updated - 20 June 2006


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