South Deep Gold Mine. Technical Short Form Report. South Deep Gold Mine is an intermediate to deep level gold mine comprising two shaft systems that mine various auriferous conglomerates from open ground and pillars that occur at depths between 1,575 m and 3,500 m below surface.
The South Deep mine is one of the largest gold mines in the South Africa and in the world. The mine is located in the north-east of the country in Gauteng. The mine has estimated reserves of 81.4 million oz of gold.
The Homestake Mine was a deep underground gold mine located in Lead, South Dakota. Until it closed in 2002 it was the largest and deepest gold mine in North America. The mine produced more than forty million troy ounces (43,900,000 oz; 1,240,000 kg) of gold during its lifetime.
Mines and gold mining operations have become increasingly geographically diverse, far removed from the concentrated supply of four decades or so ago when the vast majority of the world’s gold came from South Africa. China was the largest gold producer in the world in 2016, accounting for around 14% of total annual production.
28-3-2014· In the 1970s, South Africa was the world's most prolific exporter of gold. Over the years, industrial decline has seen widespread closures of the mines across the country. However, Johannesburg sits on the biggest gold basin ever discovered. It's perhaps not surprising that many of these abandoned mines
In the wake of the South Deep Rebase Plan not delivering on production and cost targets, the primary objective of the restructuring is to get the mine to breakeven at current levels of production, minimise the cash burn and to drive productivity improvements under the new operating model to bring the mine
drivers severely impacts the competitiveness of the South African gold mining industry. These challenges are further compounded by increasing depth of the mines, which further escalates the cost of production. Over 95% of primary gold production in South Africa comes from underground mines. The orebodies in these mines are
14-8-2018· Gold Fields, one of the world’s largest gold mining firms, is set to retrench up to 1 560 employees at its South Deep operation in Gauteng. Built in 1951, South Deep is the largest gold mine in South Africa, operating on the second largest body of gold-bearing ore known to mankind.
Today, South Africa produces only 4.2% of the world’s gold. In South Africa, mining for gold typically involves methods like panning, sluicing, dredging, hard rock mining and by-product mining. The most effective method used is hard rock mining, since reserves are typically encased in deep underground rock. Where is gold found in South Africa
Oh, the things humans will do to get their grubby hands on gold—a metal mostly prized for its ornamental use, hoarded in bank vaults and jewelry boxes, though we've arbitrarily decided it's worth, uh, its weight in gold.* The deepest gold mine in the world is Mponeng, a 2.5-mile hole in the ground in South Africa.
25-4-2018· South African miner Gold Fields announced its Q1 2018 results, reporting a drop in production and ongoing issues at its problematic South Deep mine. South Africa’s Gold Fields (NYSE:GFI) reported Q1 results, which show a decline in gold production and signal additional challenges for its
13-12-2018· Workers will return to Gold Fields' sole South African mine on Thursday after a six-week strike was called off by the country's National Union of Mineworkers (NUM), with production likely to resume in earnest next year. Workers from the largest union operating at the South Deep mine downed tools in November after the bullion producer
8-11-2019· Production at JSE-listed Gold Fields’ South Deep gold mine, in South Africa, increased again in the third quarter to 61 000 oz, up 23% year-on-year and 6% quarter-on-quarter. CEO Nick Holland on Friday said the mine was likely to exceed its production guidance for the full-year by between 5% and 10%.
DEEP SOUTH (Hawthorn Resources 80%, Alacer Gold 20%) The project area lies directly along a strike to the south of Deep South Mine, approximately 170 kilometres to the north-east of Kalgoorlie in Western Australia. Hawthorn holds tenements in this area in Joint Venture, with Alacer Gold Corporation.
12-11-2018· Gold Fields provides 3Q production report. A strike has begun at the South Deep mine. The company decreased its production guidance. The key events in the South Deep story will likely take place in 2019. Back in August, Gold Fields (GFI) shares sunk after the announcement of restructuring of the
14-3-2019· This statistic shows the annual global gold production in mines 2005-2018. In 2005, world gold production amounted to 2,470 metric tons. Since then, world gold production increased steadily up to an estimated 3.26 thousand tons in 2017.
25-4-2018· Gold production for the group slipped to 490,000 ounces for the March quarter compared to 497,000 ounces last year, the company said in an operational update. “South Deep had a tough start to 2018, with production in Q1 2018 4 percent higher Y-o-Y but 41 percent lower (from the previous quarter) at 48,000 ounces,” the company said.
23-8-2018· However, Gold Fields, which owns the mine, is hoping it can still revive at least some of its prospects and squeeze out some last remaining profits in the years to come. South Deep, in many ways, is a metaphor for South Africa’s flagging gold industry. Characterised by a sunset phase, the industry is seen as a has-been.
Gold mining is a global business with operations on every continent, except Antarctica, and gold is extracted from mines of widely varying types and scale. At a country level, China was the largest producer in the world in 2018 and accounted for around 12 per cent of total global production.
12-11-2019· GOLD Fields was open to a deal on its South Deep mine, said Bloomberg News citing the comments of the group’s CEO, Nick Holland. “We are open, we are not closed to ideas to release value on the asset. But I think we have got to do it from a stronger base,” Holland told the 
30-7-2018· Since taking ownership of the Deep South mine, Gold Fields has missed its targets and has not been able to use the deposit as a way to help South Africa’s dwindling gold industry as originally planned. “We can be around here for a long time. We do have a vested interest to make this work,” he
Gold mining most costly in South Africa. and AngloGold has retained only its Mponeng mine — the world’s deepest mine at 4km below the surface — and a tailings retreatment operation. The latest data from London-based metals consultancy GFMS showed the all-in sustaining cost of gold production in SA increased by $58 an ounce in the
Production at JSE-listed Gold Fields’ South Deep gold mine, in South Africa, increased again in the third quarter to 61 000 oz, up 23% year-on-year and 6% quarter-on-quarter. CEO Nick Holland on Friday said the mine was likely to exceed its production guidance for the full-year by between 5% and 10%.
10-10-2017· At almost 3,000 meters below the surface, South Deep also ranks seventh on the list of deepest mines in the world and produced 290,000 ounces of gold in 2016; a 47% increase in production over the previous year. Gold Fields expects to increase gold production to 500,000 ounces per year by 2023.
1-11-2018· ATTEMPTS by Gold Fields to deliver profits at South Deep, its west Rand mine, received another body-blow today after the National Union of Mineworkers (NUM) served the group notice to strike at the mine from November 2. This follows a proposal by Gold Fields to stem negative cash flow at South Deep in which just 
1-3-2013· South Africa's TauTona mine, real life alchemy, and Halicephalobus Mephisto. Footage from the 2012 documentary, "Down to the Earth's Core". We have travelled into space and looked deep into the universe's depths, but the
6-11-2018· On Sunday, Gold Fields said the Num had accused Gold Fields of “aggression” and suggested that the presence of security on mine premises was a “provocation”. “Nothing could be further from the truth,” the company added. Gold Fields said production at its South Deep mine has been stopped as a result of strike action by the Num.
Our network of assets is unrivalled in South Africa and, with our consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production. At the end of FY2018, DRDGOLD provided jobs for 2 304 people, including 878 permanent employees.