- Morro Velho
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Morro Velho Gold Mine Location in Brazil
Morro Velho Gold Mine19.59°S 43.51°W / 19.59°S 43.51°WCoordinates: 19.59°S 43.51°W / 19.59°S 43.51°W
Location Nova Lima State Minas Gerais Country Brazil Owner Company AngloGold Ashanti Website AngloGold Ashanti website JSE ANG Production Financial year 2009 Ounces of Gold 329,000 History Opened 1835 Morro Velho, also called AngloGold Ashanti Brasil Mineração, after its current owner AngloGold Ashanti, is a complex of gold mines located near the city of Nova Lima in the Minas Gerais state of Brazil.
It is one of two mining operations of the company in Brazil, the other being the Serra Grande Gold Mine.
In 2008, the Brazilian operations contributed 8% to the company's overall production.[1]
Contents
History
The mines have been in operation since 1835, making it the world's oldest continuously worked mine. Some of the mines' works are over 3,000 meters (9,800 ft) deep underground. Although Morro Velho's main production is gold, silver, arsenic, and other minerals are also extracted at the mining complex.
Despite closing of the Minha Velha and Engenho D'Água mines in 2003 and 2004, gold production has increased over the past three years, with 240,000 ounces (6,800 kilograms) of gold produced in 2004 at an average recovered ore grade of 0.222 ounces per ton (7.62 grams per metric ton). Cash costs of production totaled $133 per ounce, with the mine realizing adjusted operating profit of $45 million.
In 2009, the mine employed close to 3,000 people, 2,250 of those being permanent staff.[2]
Production
Recent production figures of the mine were:
Year Production (ounces) Grade Cost per ounce 2003 [3] 228,000 6.84 g/t US$ 141 2004 [3] 240,000 7.85 g/t US$ 133 2005 [3] 250,000 7.27 g/t US$ 169 2006 [4] 242,000 7.60 g/t US$ 195 2007 [2] 317,000 7.48 g/t US$ 233 2008 [2] 320,000 7.62 g/t US$ 300 2009 [2] 329,000 7.02 g/t US$ 339 2010 References
- ^ AngloGold Ashanti: Country report Brazil AngloGold Ashanti website, accessed: 13 July 2010
- ^ a b c d Annual Report 2009 AngloGold Ashanti website, accessed: 9 May 2010
- ^ a b c Annual Report 2005 AngloGold Ashanti website, accessed: 11 July 2010
- ^ Annual Report 2006 AngloGold Ashanti website, accessed: 11 July 2010
External links
AngloGold Ashanti Corporate Management James Motlatsi • Frank Arisman • Ferdinand Ohene-Kena • Wiseman Nkuhlu • Bill Nairn • Sipho Pityana • S. VenkatakrishnanMines AfricaNorth AmericaOceaniaSunrise Dam · TropicanaSouth AmericaRelated articles Annual Revenue: US$3.8 billion ( 
FY 2009) • Employees: 63,364 • Stock Symbol: JSE: ANG • NYSE: AU • ASX: AGG • Website: anglogold.comCategories:- Gold mines in Brazil
- Silver mines in Brazil
- Arsenic mines in Brazil
- Underground mines in Brazil
- AngloGold Ashanti
- Minas Gerais
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