Profile of Geita Gold Mining Ltd (GGML)

Profile of Geita Gold Mining Ltd (GGML)

Geita Gold Mining Limited (GGML), also known as Geita Mine, is a major mining operation in Tanzania, owned by AngloGold Ashanti. Located in North-Western Tanzania within the Lake Victoria goldfields in the Geita region, the mine is approximately 120 km from Mwanza City and 4 km west of the Geita township. GGML has been a significant contributor to Tanzania’s mining sector since it commenced large-scale operations in 2000, though the Geita gold deposit has a history of mining activities dating back to the 1930s.

Overview of Geita Gold Mining Operations

The Geita Mine is an important asset for AngloGold Ashanti, serving as one of its flagship projects. The mine operates as both an open-pit and underground mining site, with substantial developments in recent years aimed at maintaining productivity and accessing new gold resources.

Mining Operations

• Current Mineral Resource: As of December 31, 2020, Geita Mine’s Mineral Resource stands at approximately 7.92 million ounces.
• Underground Development: Significant underground development has taken place, especially in the Star & Comet, Nyankanga, and Geita Hill sections. Approximately 1,555 meters of capital development have been completed, enabling access to new mining areas for stope extraction and further exploration activities into 2021.
• Open-Pit Mining: While open-pit mining at Geita Hill concluded as the deposit reached the end of its economic life, Nyankanga open-pit mining also completed in September 2020. In April 2021, GGML initiated new open-pit operations at Nyamulilima, located about 2.4 km from Star & Comet, with plans to extract one million ounces of gold over the next six years.

Power Supply at Geita Mine

The Geita Mine’s operations are supported by a 40 MW power plant, featuring four diesel generators. This power plant, commissioned in August 2018, ensures a stable electricity supply to sustain the mine’s activities. In addition to on-site power generation, plans to connect the mine to the national grid are underway. The Tanzania Electricity Supply Company (TANESCO) is in the process of supplying electricity through a 220/33kV line from Mpomvu village, situated 6 km from the mine. This connection is expected to enhance power reliability and reduce operational costs.

Economic Contributions and Tax Compliance

Geita Gold Mining Limited is recognized as one of Tanzania’s top taxpayers, consistently contributing to the country’s economy through various tax payments and community levies. The company’s financial contributions from 2000 to 2023 include:

• Total Tax Contribution: $2.5 billion in taxes paid over the years.
• Royalties: $571 million in royalties, supporting Tanzania’s natural resource management.
• Payroll Taxes: $267 million in contributions related to employee payroll.
• Corporate Tax: $934 million in corporate taxes, reflecting the company’s profitability and compliance.
• Mining License Payments: $15 million, ensuring continued legal operation in Tanzania.
• Import Duties: $146 million in duties on imported equipment and materials.
• Geita District Council Levy: $30 million, benefiting local development.
• Withholding Tax: $290 million on supplier payments and dividends.

Employment and Contact Information

Geita Gold Mining Ltd offers various career opportunities in Tanzania, especially in roles related to mining operations and administration. Some of the positions available include Senior Manager Human Resources and other roles critical to the company’s operations.

For job inquiries or more information, contact GGML through the following:

Geita Gold Mine Site:

• P.O. Box 532, Geita, Tanzania
• Tel: +255 28 216 0100
• Fax: +255 282 160 104
• Email: jobs.geita@AngloGoldAshanti.com

Dar es Salaam Office:

• 1st Floor, Mikumi House, Plot No 368, Msasani Road, Oysterbay
• P.O. Box 75803, Dar Es Salaam, Tanzania
• Tel: +255 222926594, +255 222926597, +255 222926599
• Fax: +255 222926598

Head Office in South Africa:

• 112 Oxford Road, Houghton Estate, Johannesburg 2198, South Africa
• Tel: +27 (0)11 637 6000

Geita Gold Mining Ltd plays a crucial role in Tanzania’s mining sector, not only through gold production but also as a significant contributor to the national economy. With its extensive open-pit and underground operations, strategic power management, and commitment to economic development, GGML remains a key player in the country’s mineral resource sector. The company’s dedication to both compliance and community investment has solidified its reputation as a responsible corporate citizen in Tanzania.

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