Endeavour Mining Corporation announces that construction of its Agbaou gold mine in the Ivory Coast is proceeding on-budget and on-schedule to initial production in Q1, 2014. Steel deliveries for the plant have begun and will continue over the next several months, with major concrete pours complete and carbon in leach tank construction in progress.
To date, approximately 62% of the $159 million construction cost budget has been committed, with $45 million spent and the project is 52% physically complete overall. All major contracts, including the EPCM contract with Lycopodium and mining contract with BCM International, have been finalized and are within the cost estimates of the June 2012 feasibility study
Major component deliveries for the SAG and ball mills are on schedule, while camp construction is nearly complete, with approximately 900 workers now on-site.
Preparations for connection to the power grid are well advanced, with transformer delivery expected in July 2013 and overhead power line contractor mobilised. Construction of the high voltage sub-station commenced on the 1st of March. An 8 km access road has been completed within the June 2012 feasibility estimate
Tailings storage facility (TSF) and water storage dam (WSD) construction is proceeding well, with embankments being raised, while grading and compacting is ongoing.
Meanwhile, Endeavour has begun recruiting key operations personnel, with Gerald Boting recently appointed GM of Agbaou. As part of his 35 years of experience, he was instrumental in the
development of the Skorpion Zinc project in Namibia and served as the GM of that mine for seven years
Community support for Agbaou is solid, with crop compensation 100% complete, relocation construction for 250 residents nearing completion and several major community development projects completed.