Niger - Samira hill-Libiri Gold Mining Project

The present intervention is relative to the Samira Hill-Libiri Gold Mining Project. This project entails the production of gold in Niger for export on two adjacent deposits respectively called Samira Hill and Libiri, both of which are to be mined under the Project. These deposits are 3 kilometers apart. To date, the assessment of proven reserves have shown the existence and therefore the possibility of producing a minimum of 22 tonnes of gold metal under the Project over a 7-year period. The project comprises the construction of an opencast mine, construction of a coal leaching process capable of processing up to 6,000 tonnes of ore daily at a production cost of US$ 185/oz and the putting in place of related facilities. The main components of the project are: access roads and landing strip; opencast mining operations; installation of the coal leaching plant; surface water dam and storage reservoir; pumping station and pipeline supplying the dam; electricity production and distribution equipment; and development of living areas and management of the environment as well as the construction of a residual dyke and the provision of a net working capital. The pumping station, pipeline and dam are already operational.