After nine months of intermittent production caused by illegal strikes and social unrest, Barrick Gold\u2019s Tongon mine in Ivory Coast returned to normal in the last quarter of 2018, achieved its revised production target of 230,000 ounces for the year, down from 288,680 ounces in 2017.<\/p>\n
Operations at the mine, which the Canadian gold giant acquired after the\u00a0merger with Randgold<\/a>,\u00a0had to be halted a few times last year, after a local union made a series of demands<\/a> the company said broke labour laws.<\/p>\n The gold mine\u2019s grid power supply also suffered from frequently interruption last year as a result of the roll-out of the power utility\u2019s new ring circuit, which also impacted production.<\/p>\n Speaking at a media briefing in the\u00a0southern Atlantic city of Abidjan, Barrick\u2019s new President and Chief Executive Mark Bristow said the Government-endorsed reconciliation agreement between the mine, the employees and the community was designed to create a climate in which operations would run as normal and good relations could be rebuilt.<\/p>\n \u201cThis should mark a new beginning for Tongon, and it is significant that the Minister of Mines, Jean Claude Kouassi, visited the mine to sign this agreement in the presence of representatives of all the stakeholders,\u201d he said in the statement<\/a>.<\/p>\n Bristow said Barrick was committed to continuing the Randgold policy of investment in community projects and noted that despite the many challenges it had faced, Tongon had to date spent nearly $10 million on these initiatives.<\/p>\n \u201cIt\u2019s worth noting that despite its troubled history, Tongon has remained profitable and has continued to pay dividends to its shareholders, including the Government,\u201d Bristow said.<\/p>\n The mine, which produced more than a fifth of Randgold\u2019s total bullion production last year, was originally forecast to produced 290,000 ounces in 2018.<\/p>\n The post Barrick\u2019s Tongon mine hits production targets despite strikes, social unrest<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" After nine months of intermittent production caused by illegal strikes and social unrest, Tongon gold mine achieved its revised production target of 230,000 ounces for 2018, down from 288,680 the previous year.<\/p>\n The post Barrick’s Tongon mine hits production targets despite strikes, social unrest<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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gold mine achieved its revised production target of 230,000 ounces for 2018, down from 288,680 the previous year.<\/q><\/p>\n