Tantalite Exploration Disappoints

July 2008 | Ratings Update

Sweden-based exploration firm International Gold Exploration (IGE) has halted work on its Kabarore Colombo tantalite project in Burundi, after an evaluation study suggested the project was not economically viable. The company said in a statement that 'despite an average grade of 101 g/t Ta2O5 in the ore, physical characteristics of the ore resulted in only a 50% recovery, which at present technical and market conditions made the project uneconomic'.

If you would like to subscribe to East and Central Africa Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to East and Central Africa Monitor please click on the trial link below.