View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
December 6, 2011

Ruby Creek completes mining asset acquisition in Tanzania

Gold exploration and mining company Ruby Creek Resources has completed the acquisition of Gold Standard Tanzania’s assets, which are located adjacent to its Gold Plateau project.

Gold exploration and mining company Ruby Creek Resources has completed the acquisition of Gold Standard Tanzania’s assets, which are located adjacent to its Gold Plateau project.

Free Whitepaper
img

Mining Mega Trends and Their Impact to your Organisation's Resilience

Numerous mega trends are impacting the mining industry, making an effective resilience program more important than ever to ensure that operations continue as intended. From ESG considerations, through to the use of advanced technologies such as Internet of Things devices, AI, and digital twins, as well as workplace safety, volatility in commodity markets, and the spectre of Covid-19 still looming. Each mega trend has a different impact that needs managing correctly, with a one-size-fits-all approach insufficient. This white paper identifies the mega trends affecting mining businesses, while exploring the opportunities, risks, and implications for operational resilience, with expert insight from Dynamiq on the best practices and approaches to improve business outcomes. Download this document to learn more.  
by Dynamiq
Enter your details here to receive your free Whitepaper.

The combined total acquisition costs stood at $3m plus the assumption of $585,000 in debt.

Ruby Creek now owns 95% assets of a ten-year, 10km2 mining licence; two prospecting licences of 40km2 and 89km2; a regional environmental report on the combined 139km2 properties; and a mining camp.

In addition, the company gained 100% ownership of mining equipment including excavators, dump trucks, loaders, bulldozers and supply vehicles located on-site and in Dar es Salaam.

Related Companies

Free Whitepaper
img

Mining Mega Trends and Their Impact to your Organisation's Resilience

Numerous mega trends are impacting the mining industry, making an effective resilience program more important than ever to ensure that operations continue as intended. From ESG considerations, through to the use of advanced technologies such as Internet of Things devices, AI, and digital twins, as well as workplace safety, volatility in commodity markets, and the spectre of Covid-19 still looming. Each mega trend has a different impact that needs managing correctly, with a one-size-fits-all approach insufficient. This white paper identifies the mega trends affecting mining businesses, while exploring the opportunities, risks, and implications for operational resilience, with expert insight from Dynamiq on the best practices and approaches to improve business outcomes. Download this document to learn more.  
by Dynamiq
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology