Wärtsilä to supply gold mine extension to Guinea


Wärtsilä Corporation, Press release, 14 June 2017 at 2:00 pm EET

The technology group Wärtsilä today announced it would supply a power plant extension to AngloGold Ashanti's gold mine in Siguiri, Guinea. This turnkey project consists of three 20-cylinder Wärtsilä 32TS engines running on heavy fuel oil. They will be connected to the existing power plant at site, also supplied by Wärtsilä. The extension is expected to be operational during the second half of 2018 and the total power output at site will be 30.4 MW. The order is booked for the second quarter of 2017.

Siguiri, a multiple open-pit oxide gold mine and the largest gold mine in Guinea, is AngloGold Ashanti's sole operation in the country. AngloGold Ashanti holds an 85% interest in Siguiri with the balance of 15% being held by the Government of Guinea. After two difficult years, the Guinean economy is recovering, with an average projected growth of 5% over the period of 2017-2020, thanks to mining investments, increased food production and electricity service.

"This is a significant proof of confidence for Wärtsilä in West Africa," comments Arnaud Gouet, Regional Director, West Africa, Wärtsilä Energy Solutions. "Wärtsilä is a trusted partner to AngloGold Ashanti at Siguiri Gold mine where we operate the power generation enabling them to focus on their mining operation."

"We selected Wärtsilä for the new power plant at our Geita Mine in Tanzania in 2016 and have again selected Wärtsilä for our Siguiri Project as we have full trust in Wärtsilä's technology and in their understanding of the criticality of power generation in the operation of such a gold mine," says Dale Bates, Project Manager, CAR Projects, AngloGold Ashanti.

With this project, Wärtsilä will have over 6800 MW of installed capacity on the African continent. Globally, Wärtsilä's installed base is over 63 GW in 176 countries.

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For more information, please contact:

Arnaud Gouet
Regional Director, West Africa
Wärtsilä Energy Solutions
Tel: +33 1 47768938
arnaud.gouet@wartsila.com

Kristian Mäkelä
Director, Sales & Marketing
Wärtsilä Energy Solutions
Tel: +358 40 1483565
kristian.makela@wartsila.com

Wärtsilä Energy Solutions in brief
Wärtsilä Energy Solutions is a leading global system integrator offering a broad range of environmentally sound solutions. The company supplies ultra-flexible internal combustion engine based power plants and utility-scale solar PV power plants, as well as LNG terminals and distribution systems. The flexible and efficient Wärtsilä solutions provide customers with superior value and enable a transition to a more sustainable and modern energy system. As of 2017, Wärtsilä has 63 GW of installed power plant capacity in 176 countries around the world.
www.smartpowergeneration.com

Wärtsilä in brief
Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2016, Wärtsilä's net sales totalled EUR 4.8 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com