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Pamodzi could add 238,000 oz gold to output Posted: Thu, 13 Dec 2007 [miningmx.com] -- PAMODZI GOLD could add another 238,000 oz of gold to its production over 12 years if a transaction to acquire dumps from Australia’s Mintails in South Africa goes ahead, Pamodzi said on Thursday. Junior JSE-listed gold miner Pamodzi has a binding memorandum of understanding with ASX-listed Mintails which could see the two companies swapping tailings dumps. Mintails has the option to take over Pamodzi’s 105 million tonnes of uranium and gold-bearing tailings contained in the three Grootvlei dumps near the ERGO gold processing plant Mintails bought from AngloGold Ashanti. Mintails unveiled the deal in late November. The quantity of uranium and gold is not known, but once reserves are proved up in the next 12 months they will be independently verified by a competent person. The amount of uranium in the dumps will set the value of the transaction. Click Here to subscribe to our daily newsletter
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