Sao Bento Project
Sao Bento
Country Brazil 
Province Minas gerais
Close to Belo horizonte
Status PRODUCTION 
Surface 8 km² / 1,977 acres
Latitude / Longitude 19 S 53 / 43 W 24
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Produces Gold -
Develops
Explores for
Last updated on 11/12/2010 - Terms of Use
Risk and valuation analysis of the Sao Bento Project
Status Risk : Production
Country Risk : Moderate
Title(s) of the Sao Bento Project
AngloGold Ashanti Ltd
Owner: 100%
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On Dec 16, 2008, Eldorado Gold announced it had completed the $70 million sale of its São Bento gold mine in Brazil for 2,701,660 ordinary shares of AngloGold Ashanti.
Location of the Sao Bento Project
São Bento is an underground mine located in an area known as the "Iron Quadrangle" in the state of Minas Gerais, Brazil.
 
History of the Sao Bento Project
producing mine since 1986, São Bento was acquired by Eldorado in 1996. The mine site covers an area of 800 hectares and consists of one mining concession, with an additional 1,205 hectares in contiguous concessions to the northeast.
 
Geology of the Sao Bento Project
The stratigraphy is comprised of volcanic rocks and pelitic sediments, all of which have been subjected to green schist metamorphism. The lithologies are typical of other greenstone belts in Africa, Australia and Canada and are dated between 1,300 and 2,700 million years in age.
 
Exploration and drilling
12/15/2008Acquires Sao Bento Gold Limited
Location
Data last updated on : 9/6/2006
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