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Gold

Company supplies incinerator to gold mine in Tanzania

By: Jessica Oosthuizen     8th March 2019 Johannesburg-based incineration technology company Saubatech supplied a gold recovery incinerator to a gold mine in Tanzania last month, says Saubatech director Andreas Thieme. The mine is operated by a gold major and the recovery system is being commissioned by Saubatech. 

Declining gold industry needs discovery, innovation

By: Jessica Oosthuizen     8th March 2019 The gold mining industry has played a significant role in South Africa for 130 years and continues to play a valuable role, but, this is an industry that is mature, and in the absence of major new discoveries or innovative means to reach and mine its deep and otherwise more marginal reserves,... 

Declining gold industry needs discovery, innovation
CHALLENGING ENVIRONMENT The local gold mining industry continues to face significant challenges

Gold demand could increase over long term

By: Jessica Oosthuizen     8th March 2019 Many African countries are traditionally gold-producing, but there could be significant growth in gold demand in the long term for the continent, says market development organisation for the gold industry World Gold Council (WGC) market intelligence head Alistair Hewitt. Africa has the youngest... 

Gold demand could increase  over long term
Photo by Bloomberg
DEMAND DRIVERS The interplay between market risk and economic growth is expected to drive gold demand globally

Refinery looks to source material from Africa

By: Jessica Oosthuizen     8th March 2019 As part of its strategy to sustain and grow its smelter operations, precious metals smelting and refining complex Rand Refinery is looking to the rest of Africa for feedstock, owing to the declining gold volumes in South Africa, says Rand Refinery CEO Praveen Baijnath. During the peak of South... 

Refinery looks to source material from Africa
SMELTER OPERATION Rand Refinery’s smelter processes more than 70 different types of material

Using Overhead Irrigation In Heap Leaching: Wobbler Technology Vs. Drip Irrigation

8th March 2019 Heap leach depths have increased from 15 m of ore depth to 150 m since the turn of the century. Higher closure and reclamation costs, as well as a need to decrease the impact on agricultural land, has forced mine managers to increase ore depths to work around limited surface areas and make mining... 

Using Overhead Irrigation In Heap Leaching: Wobbler Technology Vs. Drip Irrigation

Aachen technology increases throughput, gold recovery

By: Donald Makhafola     29th June 2018 Mineral processing technology provider Maelgwyn Mineral Services Africa (MMSA) has developed its Aachen High Shear Reactor technology to such an extent that it has emerged as a key component in hydrometallurgical processes for several leading gold mining companies in Africa, says MMSA business... 

Aachen technology increases throughput, gold recovery
GOLD PROCESSING Maelgwyn Mineral Services Africa's Aachen oxidation technology has emerged as a key component in hydrometallurgical processes for several gold producers

Stonewall Resources to start mining in Mpumalanga in 2019

By: Donald Makhafola     29th June 2018 Australian gold producer Stonewall Resources plans to restart gold production in the fourth quarter of 2019 at the Theta Hill and Vaalhoek mines, near the towns of Pilgrims Rest and Sabie respectively, in Mpumalanga. The mines form part of Stonewall’s fully permitted Transvaal Gold Mining Estate... 

Stonewall Resources to start mining in Mpumalanga in 2019
GEORGE JENKINS Stonewall Resources expects its mineral resource to continue increasing through further reviews of other local mines in the company's portfolio

Technology required to increase SA gold output

By: Donald Makhafola     29th June 2018 South Africa has great potential for gold mining, but increasing mining depth, high production costs and long lead-times have resulted in gold production declining markedly over the past three decades, despite extensive remaining mineral resources, says market development organisation for the... 

Technology required to increase SA gold output
Photo by Creamer Media
LOW OUTPUT South African gold production has declined, from being the top in the world in 1970 to the seventh position in 2018

Ghana, AngloGold agree to Obuasi redevelopment

9th March 2018 Gold mining company AngloGold Ashanti has signed the regulatory and fiscal agreements with the government of Ghana that will provide the framework for the redevelopment of the Obuasi gold mine, in Ghana, into a modern, productive mining operation, the company announced in a press release last... 

Gold’s Q4 recovery fails to dull 2017’s full year decline

9th March 2018 Despite gold demand rallying in the closing months of 2017, gaining 6% year-on-year in the fourth quarter to reach 1 095.8 t, overall demand for the full year fell by 7% to 4 071.7 t, compared with 2016, according to gold authority the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’... 

Gold’s Q4 recovery fails to  dull 2017’s full year decline
Photo by Bloomberg
MARKET TRENDS Gold bar investment was broadly stable in 2017, while coin investment slid 10%

Mauritania encourages new gold prospects

By: Tasneem Bulbulia     9th March 2018 Mauritania-based mining and exploration company Suricate Minerals is capitalising on the unexplored territories and the investor-friendly climate of the country to pioneer the development of gold deposits in north Mauritania, Suricate Minerals executive director Ahmed Hertani tells Mining Weekly.... 

Mauritania encourages new gold prospects
GOLDEN PROSPECTS Suricate Minerals has permits for prospecting in north Mauritania in the Archaean Reguibat shield, recognised by geologists as highly prospective for gold and base metals exploration

Political, currency instability strengthens the case for gold

By: Nadine James     30th June 2017 The volatile geopolitical environment and its effects on currency markets have strengthened the appeal of gold as an investment option and rand hedge for South Africans, says gold investment firm SA Bullion. SA Bullion MD Hilton Davies advises that local retail and institutional investors “seize... 

Political, currency instability strengthens the case for gold
Photo by Reuters
GOLDEN OPPORTUNITY Global economic and political developments have aligned to deliver potentially outstanding returns on gold investment

Disruptive tech needed in local gold sector

30th June 2017 Trends in gold production and processing have remained largely unchanged; however, the varying nature of future gold reserves will force change and, as such, the industry needs to be prepared to invest in and employ disruptive technology, says independent process industry consultant Santosh... 

Disruptive tech needed in local gold sector
SANTOSH GUNPATH To maintain its relevance to the global gold industry, South Africa has no option but to position itself as a gold technology sector

Implementation of hybrid renewable-diesel microgrids set to increase

By: Nadine James     30th June 2017 Mining houses’ use of microgrids and renewable energy to generate power and supplement diesel energy at isolated mining operations has been steadily increasing, says renewable-energy and microgrid consultant THEnergy. THEnergy founder and MD Dr Thomas Hillig notes that the company has been... 

Implementation of hybrid renewable-diesel microgrids set to increase
ENERGY EFFICIENT A growing confidence in renewables has ensured that the use of hybrid plants will increase

Local miners leverage existing infrastructure to extend operations

By: Nadine James     30th June 2017 As a result of financial constraints, South African gold miners are looking to exploit their existing infrastructure to mine licensed blocks adjacent to existing operations, says mining engineering consultancy Ukwazi Mining. Ukwazi underground engineer Hans Dippenaar notes that, in this way,... 

Local miners leverage existing infrastructure  to extend operations
REDUCE REUSE RETREAT Mines are attempting to reduce costs by using existing infrastructure to mine new blocks, while supplementing revenue by retreating tailings

Start of Elikhulu TSF construction imminent

By: Nadine James     30th June 2017 Mining services company Fraser Alexander will start construction of a tailings storage facility (TSF)  at the Evander gold mine, in Mpumalanga, next month, with completion of the TSF expected by December 2018. Last month, the company was awarded the tender for the construction of the TSF for the... 

Start of Elikhulu TSF  construction imminent
WADE LEAF Fraser Alexander is confident that DRA’s decision is owing to the company’s long-standing reputation for building tailings dams,

South Africa’s gold sector must improve its position

By: Robyn Wilkinson     10th March 2017 Stakeholders in South Africa’s gold mining industry need to collaborate so that the country can regain its standing as a major gold producer and realise the significant value that the sector can potentially contribute to the local economy, says gold industry market development organisation World... 

South Africa’s gold sector must improve its position
ALISTAIR HEWITT A combination of macroeconomics and fundamentals will continue to support a healthy gold market in 2017

Krugerrand’s value highlighted on fiftieth anniversary

By: Robyn Wilkinson     10th March 2017 This year marks the fiftieth anniversary of the Krugerrand and precious metals refining and smelting complex Rand Refinery will be celebrating South Africa’s own gold investment coin by highlighting its value to the South African domestic market. 

Krugerrand’s value highlighted on  fiftieth anniversary
Photo by Duane Daws
MILLIONS MADE More than 60-million Krugerrands have been sold since the coin's launch in 1967

Partnership benefits miner, Ghanaians

By: Robyn Wilkinson     10th March 2017 Canadian gold explorer Asante Gold has offered Ghanaian communities employment opportunities and the restoration of agricultural land in exchange for their support of its Keyhole gold project’s drilling programme, aimed at identifying a high-grade underground mineable gold deposit. The first... 

Partnership benefits miner, Ghanaians
DOUGLAS MACQUARRIE Mining and agriculture can be mutually sustainable if there is a will and a plan

On track for low-cost production profile

By: Robyn Wilkinson     10th March 2017 West African gold producer, developer and explorer Avesoro Resources expects its New Liberty gold mine, in Liberia, to be cash-flow positive during 2017, moving it closer to realising a low-cost production profile. 

On track for low-cost  production profile
CUTTING COSTS The decision to transition to an owner-operator mining model has been instrumental in lowering New Liberty gold mine’s cost profile

Sierra Leone gold sector ‘open for business’

By: Robyn Wilkinson     10th March 2017 The moderate rise in the average gold price to $1 248/oz in 2016 increased investor appetite for gold exploration and triggered some merger and acquisition activity in the sector, providing a positive environment for miner Sula Iron & Gold to advance its planned drilling programme at its... 

Sierra Leone gold sector ‘open for business’
STRATEGIC LOCATION Ferensola is located just 80 km from Freetown, the capital of Sierra Leone and a major port city on the Atlantic Ocean

Siguiri mine, Guinea

By: Sheila Barradas     2nd September 2016 A gold mine located about 520 km north-north-east of Conakry, in Guinea. 

Siguiri mine, Guinea

Tau Tona mine, South Africa

By: Sheila Barradas     5th August 2016 A gold mine situated on the West Wits line, south of Carletonville, in South Africa’s North West province. 

Tau Tona mine, South Africa

Gold alive and kicking, Brexit may boost projects activity

By: Sascha Solomons     29th July 2016 Gold is a vibrant industry and remains a safe haven in times of economic turmoil, despite proposals over the years for the yellow metal to be commoditised, asserts worldwide minerals processing and metallurgical engineering products and services provider Mintek. “There is strong activity in the... 

Gold alive and kicking, Brexit may boost projects activity
Photo by Bloomberg
BOUNTIFUL BREXIT Two South African gold mining companies are expected to head for huge free cash bonanzas owing to Brexit

Yaramoko commercial production to start in third quarter

By: Sascha Solomons     29th July 2016 Gold mining company Roxgold expects its key asset, the high grade Yaramoko gold mine, located in the Houndé greenstone region of Burkina Faso, in West Africa, to reach commercial production in the third quarter of this year, as ramp-up activities continue to progress well. "We have poured over 14... 

Yaramoko commercial production to start  in third quarter
MOMENTOUS MILESTONE Over 14 000 oz of gold was poured in the six weeks since production started at the Yaramoko gold mine

Damang, Tarkwa to receive major cash injection until 2027

By: Sascha Solomons     29th July 2016 South African gold mining firm Gold Fields asserts that a planned $2.5-billion investment in its Tarkwa and Damang operations in Ghana, from now until 2027, will ensure the longer-term sustainability of these mines. Damang will absorb an estimated $500-million, of which a significant portion... 

Damang, Tarkwa to  receive major cash  injection until 2027
Photo by Bloomberg
GREAT GOLD INVESTMENT Gold Fields will likely invest about $2-billion in its the Tarkwa mine – one of the largest openpit mines in Africa - over the next 11 years

Beatrix social and labour plan delivers R6.2m investment

By: Sascha Solomons     29th July 2016 South African gold producer Sibanye Gold has funded, project managed and delivered a R6.2-million multipurpose hall to the Free State Department of Education (DoE), as part of its social and labour plan (SLP) agreements with the Department of Mineral Resources (DMR). Sibanye CEO Neal Froneman... 

Beatrix social and labour plan delivers R6.2m investment
Photo by Bloomberg
GOLD GIVES BACK The Beatrix mine's social and labour plan has delivered a school hall to the town of Theunissen

Incremental mine development key for gold sector

By: Simon Sonnekus     24th June 2016 In the face of global capital constraints, gold mining companies have been forced to look into alternative options for the development of mines. The gold mining industry is known traditionally for larger-sized operations that require the establishment of a large reserve base as well as large... 

Incremental mine development key for gold sector
Photo by Bloomberg
GROWTH The steady gold price has been a bright light in an otherwise deflated commodities market

Higher gold price ensures stable South African sector

By: Simon Sonnekus     24th June 2016 The record high gold price has proven to be a stroke of luck for South African companies functioning within the global gold sector. According to professional services firm KPMG gold commodity lead and partner Daniel Hooijer, the R600 000/kg price has lessened the blow of the low dollar gold price. 

Higher gold price  ensures stable South African sector
DANIEL HOOIJER Depleted gold reserves in South Africa have produced a predicament for companies looking to find new orebodies

Gold recovery expert working with government to uplift staff

By: Simon Sonnekus     24th June 2016 Local mining and raw material processing firm Ncamiso Mining is currently working closely with the Department of Mineral Resources (DMR) to train and develop staff through short courses based on the goals of both the company and its employees.  Ncamiso MD Fikile Mashinini says the continued... 

Gold recovery expert  working with government to uplift staff
REMEDIATION Ncamiso's latest achievement is its maximum gold recovery and environmental remediation partnership with Mintails Mining South Africa

Developer attracts partners of proven gold pedigree

24th June 2016 The joint ventures (JVs) secured by London-headquartered mineral exploration and development company Kodal Minerals with gold producer Resolute Mining and Australia-based mining corporation Newcrest Mining, following its May acquisition of Perth-based precious metals explorer International... 

Developer attracts partners of proven gold pedigree
NEWCREST MINING The Australian company has been involved in a new joint venture with Kodal Minerals, acquiring a significant portfolio in West Africa
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