Barrick Gold increases investment in Zambian mine

Canadian gold mining giant Barrick Gold has increasedolomite lime stone crushers suppliersd its investment in Zambia's Lumwana Mine since its acquisition earlier this year, the Post of Zambia reported on Thursday.

Early this year, the Canadian mining firm proposed the acquisition of Australian mining firm Equinox Minerals for about 7.7 billion U.S. dollars. The acquisition involved Zambia's Lumwana Mine and Jabal Sayid of Saudi Arabia. Andy Lloyd, the company's senior manager for communications, said in a statement that the company has increased its 2011 budget for the Zambian operations to 390 million dollars. He said the company would invest another 50 million dollars in the Zambian operation, bringing its total investment to 390 million dollars. The investment, he said, is part of an 18-month exploration program to increase the measured resources at the Zambian mine situated in the...