| African Barrick Gold Plc plans to raise its gold production in Tanzania to 1mn ounces by 2014 from the 700,934 produced last year, the Guardian newspaper reported. With a high-quality asset base, solid growth opportunities and a clear strategy, we have the objective of increasing our existing production to one million ounces per year by 2014, the newspaper quoted the firm's CEO, Greg Hawkins, as saying. We have more than doubled our exploration budget for 2011 to USD 55mn, the executive noted. African Barrick Gold has four producing mines - Bulyanhulu, Buzwagi, North Mara and Tulawaka - all located in northwest Tanzania. |
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