Vatukoula Gold Mines plc is an AIM quoted gold producer which focuses on its 100% owned Vatukoula Gold Mine in the Pacific Island of Fiji - a producing gold mine which contains 680,000 ounces of gold reserves and 4.3 million ounces of gold resources.
Vatukoula Gold Mines currently employes approximately 700 people based at its operations centre in Fiji and at its London headquarters.
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Vatukoula Gold Mines is headquartered in London and its main operations centre is at the Vatukoula Gold Mine in Fiji. The Company's shares are traded on the London Stock Exchange's Alternative Investment Market (AIM) under the ticker symbol 'VGM'.
Vatukoula Gold Mines currently employes approximately 700 people based at its operations centre in Vatukoula, Fiji and at its London headquarters. The Company is made up of multinational professionals operating within their fields of expertise.
The Vatukoula Gold Mine, from which the Company takes its name, is the core focus for the Company. Vatukoula Gold Mines is currently pursuing a strategy of refurbishment and development at this prolific gold producing mine. Applying modern mining techniques and equipment in the mining process will assist in restoring production to historic rates of 100,000 ounces of gold per annum. The Company is currently progressing full underground and surface mining exploration drill programmes with the intention of increasing the information available on the current gold resources as an aid to more efficient planning.
The Company has built a strong team comprising experts drawn from each of their respective fields - geology, geochemistry, mine engineering, mine design, drilling operations and project management. Each person is a valued member of the Vatukoula Gold Mines team and works to advance and achieve the Company's target of producing 100,000 ounces of gold a year.
Vatukoula Gold Mine
The Vatukoula Gold Mine is an underground mine with an operational history of over 70 years. The Company holds a 100% equity interest in the Mine.
The Mine is located in Fiji, an island group in the South Pacific Ocean. Fiji comprises two main islands, Viti Levu and Vanua Levu, with many smaller surrounding Islands. The Mine is located in the northern part of the island of Viti Levu within the Tavua Basin, situated within the Tavua volcano. The Mine is located in the Vatukoula village, a 90 minute drive from Nadi International Airport.
The Mine is a long established underground gold mine. There are a total of nine shafts in the Mine, but only four are being used other than for ventilation; the Smith & Phillip Shaft for hoisting ore, the Cayzer Shaft for men and materials and a Decline Shaft for access for the rubber tyred mine fleet.
Infrastructure at the Vatukoula Gold Mine includes assay labs, an independent power station, workshops and administrative offices.
Processing Plant - At the Mine site there is a seven hundred thousand tonne per annum processing facility, which includes crushing, grinding, flotation, roaster, CIP and tailings dams.
Undergound Mining fleet - Equipment at the Mine includes several Toro loaders, Toro load-haul-dump vehicles, support trucks and other associated equipment.
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Board of Directors:
Yingbin Ian He, Non Executive Chairman
David Paxton, Chief Executive Officer
Kiran Morzaria, Finance Director
John Ian Stalker, Non-Executive Director
John Kearney, Non-executive Director
David Lenigas, Executive Director
John MacPherson, Non-executive Director
Herbert Hirst Leathley, General Manager
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Updated from Vatukoula Gold Mines 13.09.11
Nominated Adviser to the Company
W H Ireland Ltd.
24 Martin Lane
Joint Brokers to the Company
20 Ropemaker Street
Capita IRG Plc
34 Beckenham Road
Auditors & Reporting Accountants
Tower Bridge House
St. Katherines Way