A material restructuring at South Deep was announced in August 2018, aimed at reducing the workforce and mobile equipment levels in alignment with consolidating mining activity to increase focus and to recalibrate the cost base with anticipated levels of production.
Jul 14, 2017· The South Deep mine in Westonaria, owned and operated since 2007 by dual-listed gold major Gold Fields, has been struggling to meet its production targets since Gold Fields took control. In light of this, the company took its long-term production targets off the table in 2015 and set in motion a ...
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 …
Gold Fields reports that South Deep has had a number of operational challenges since it acquired the mine in 2006. The key challenge has been the difficulty in transitioning the mine from one run with a conventional mining mindset and practices to mining with a modern, bulk, mechanised mining …
Did you know that eight of the ten deepest mines in the world are located in just one South African region? We bet you also didn't know that most of these operations are focused on gold extraction. To increase your mining knowledge, Mining Examiner brings you a new list today, this time about the 10 deepest pits in the world. Also see Nature's Deep Holes 1.
The TauTona Mine or Western Deep No.3 Shaft, is a gold mine in South Africa. At approximately 3.9 kilometers (2.4 mi) deep, it is home to the world's deepest mining operations, rivalled only by the Mponeng gold mine. The mine is one of the three Western Deep Levels mines of the West Wits gold field west of Johannesburg.
Nov 05, 2018· JSE/NYSE-listed Gold Fields has halted production at its South Deep mine as a result of strike action by the National Union of Mineworkers, which started on the afternoon of 2 November 2018. Gold Fields confirms that only limited essential services teams are working at South Deep. With the ...
DariuszSankowski / Pixabay. South Africa is home to eight of the world's top 10 deepest mines. The country has been one of the world's largest gold producers for decades, even though gold production there has been declining in recent years.
A BELOW forecast gold price and a slower ramp up of production at South Deep negatively affected Gold Fields' profits for its 2017 financial year. The group said in a trading update earlier today that headline share earnings could be up to 12% lower year-on-year while normalised earnings which excludes non-cash exceptional would be 21% […]
South Deep is a long-life, developing deep-level gold mine operating at between 2,000 and 3,000 meters below surface and production at the mine began in 1961 and South Deep has a projected mine life of 70 years. The property covers an area of 2,469 hectares of surface (freehold) land and 3,563 hectares of continuous mineral rights. .
Dec 08, 2016· Every day, about 5,000 lbs of explosives are blasted in the mine, and 6,400 tonnes of rock are excavated. Breaking New Ground. Gold production at the world's deepest gold mine has been declining each year, so miners going even deeper to try and get gold. The continued search for gold in Mponeng has led to scientific discoveries.
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.
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.
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