About Geita mine
Geita Gold Mining Limited (GGML or Geita mine), one of AngloGold Ashanti’s flagship mines, is in North-Western Tanzania in the Lake Victoria goldfields in Geita region, about 120km from Mwanza City and 4km west of the township of Geita. It has been in operation as a large-scale mine since 2000 but mining has taken place in the area since the 1930s. The Geita gold deposit is currently mined as a multiple open-pit and underground operation.
As of 31 December 2020, the Mineral Resource is at 7.92 million ounces. Approximately 1,555m of capital development was completed for the Star & Comet, Nyankanga and Geita hill underground sections, to access new areas for stope mining and for further exploration in 2021.
Open-pit mining at Nyankanga and Geita Hill continued with Geita Hill reaching the end of its economic life and Nyankanga completed in September 2020. In April 2021, GGML started open pit mining activities at Nyamulilima (2.4km from Star & Comet) with expectations of producing one million ounces in the next six years.
Geita mine is currently powered by a 40MW power plant comprising of four diesel generators. The power plant was commissioned in August 2018, providing reliable power supply to the mining operations. In 2020, the Tanzania Electricity Supply Company (TANESCO) initiated plans to supply electricity from the national grid network to the mine. The mine will be connected from 220/33kV located at Mpomvu village, six kilometres from the mine. The 33/11kV 60MVA mine substation are currently under implementation stage.
A top tax payer
AngloGold Ashanti is consistently one of Tanzania’s largest and most compliant taxpayers.
Total contribution (2000 -2023)
$2.5 billion in taxes borne and paid
Royalties paid
$571 million
Payroll taxes
$267 million
Corporate tax paid
$934 million
Mining licence payment
$15 million
Import duties paid
$146 million
Geita District Council Levy
$30 million
Witholding tax on suppliers and dividends
$290 million
History
Sustainability
The mine is committed to the sustainable development of the communities surrounding the mine and has continuously demonstrated this by actively partnering with the Government in improving social services including education, health, water and roads as well as other economic activities for the community surrounding the mine.
The mine has spent over TZS 30 Billion to execute several community projects in partnership with the Geita local authorities after amendment of the Mining Act in 2017.
Geita mine remains a top taxpayer in the country’s extractive industry with US$2.5 billion borne and paid as tax to the Tanzanian Government. The company employs over 5,000 individuals both directly and through contractors of which about 98% are Tanzanian nationals.