radix
Oct 6, 5:08 AM
$TRX
Tanzania's National Mine Closure Committee is reviewing AngloGold's
updated closure plan for their Geita mine. Multi-agency: VP's Office, Minerals,
Water, NEMC, Land Use Planning, Mining Commission, Geita District.
No closure date given, framed as proactive planning. But a state
doesn't convene nine bodies around an updated closure plan for a mine
with decades left.
Speculation from here: Geita District eventually loses its anchor
employer, and the government has every reason to want a successor
producing at scale in the same district. TRX's Buckreef mine sits there. Headcount near 1,000 against just 25 people five years ago, and on Oct 2 TRX
signed a VETA educational partnership training locals in underground mining,
processing and heavy equipment. That is a mine staffing for a decade-plus,
not a quarter.
Disclosure: Insanely long TRX.
$AU $TRX.X
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