Ariab Mining Company

Exited: 2015

Holding: 2012 to 2015

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When the Sawiris family bought La Mancha in 2012, Ariab Mining Company (AMC) was producing 60 koz of gold at Hassaï mine through a heap leach processing plant.

The Hassaï mining area has been in operation since 1992, with over a dozen open pits developed over the years to extract high-grade oxide ore. AMC established a successful model of operation, based upon governmental cooperation in geological research between Sudan and La Mancha. Further exploration by the La Mancha team enabled AMC to increase the oxide life of mine by five years.

La Mancha was in the process of developing a large volcanogenic massive sulphide (VMS) project with carbon-in-leach (CIL) and flotation plants when, in 2015, the Government of Sudan proposed to buy out La Mancha’s stake.