driefontein acquires south africa s gold fields re


Gold Fields-Gencor merger goes ahead - The Mail & Guardian

Goldco will issue shares to acquire and hold the respective gold assets of Gencor and Gold Fields. In addition, New Wits will contribute its mineral rights and its shares in Driefontein …

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South Africa domicile is not main reason for Gold Fields ...

Gold Fields' price to earnings multiple (P/E) - a widely used metric to compare companies in the same industry - is at 8.5 as compared with top gold miner Newmont Corp's 17 and Canadian company ...

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Mponeng Gold Mine, South Africa - The World's Deepest Mine

The Mponeng gold mine is located approximately 65km west of Johannesburg in South Africa. Image courtesy of Andres de Wet. Mponeng is currently the world's deepest operating mine. The current operating depth at the Mponeng mine ranges from 3.16km to 3.84km, while the future mining is expected to further deepen the shaft bottom to 4.22km below ...

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Gold Fields and Gold one examine treating West Rand ...

In 2010, Gold Fields completed extensive economic studies on its Tailings Treatment Project (TTP), which is a low-grade gold and uranium recovery project focusing on the existing tailings storage facilities and the current underground mining horizons of Gold Fields' West Rand operations, Kloof Driefontein Complex (KDC) and South Deep. As at ...

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Gold Fields Limited - SEC

Gold Fields is the world's fourth largest producer of gold. It is listed on the JSE Securities Exchange, the ... the year ending 30 June 2007. While mention is made of the activities at the newly acquired South Deep ... results in what was a challenging year for the gold sector, both in South Africa and internationally. Although gold

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DRDGOLD's retreatment operation in SA nears completion ...

DRDGOLD's retreatment operation in SA nears completion South African gold mining company DRDGOLD's Far West Gold Recoveries (FWGR) surface retreatment operation, near Carletonville in South Africa's Gauteng Province, is nearing completion of an R80-million project to convert its Driefontein No. 2 Plant (DP2) to closed circuit milling.. The key objective of the closed …

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Gold-miner expects Chile project to boost reserve portfolio

During fiscal 2004, R62-million was invested in exploration programmes at Gold Fields' three South African mines – Kloof, Beatrix and Driefontein – which account for …

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Our history - AngloGold Ashanti

AngloGold acquired a 40% interest in the Morila mine in Mali from Randgold Resources Limited; a 50% interest in the Geita mine in Tanzania from Ashanti Goldfields Company Limited (Ashanti); a 25% interest in OroAfrica, South Africa's largest manufacturer of gold jewellery; and a 33% holding in Gold Avenue, an e-commerce business in gold. 2001

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Sibanye Sets its Sights on Burnstone | E & MJ

A study by previous owner Gold Fields indicated that 8.8 million oz of gold could lie below the mine's existing infrastructure, which has reached a depth of 2.1 miles. The deepening of No. 9 subvertical shaft would extend Driefontein's life by at least 13 years to around 2035.

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Sibanye-Stillwater re-lists on the JSE - IOL

The re-listing comes after the group acquired 100 percent of the Sibanye Gold Limited. Sibanye was created in 2013 after Gold Fields hived off its ageing South African gold mines Kloof ...

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Sibanye-Stillwater re-lists on JSE with ... - CFO South Africa

"Sibanye was created in 2013 after Gold Fields unbundled its South African gold mines Kloof, Driefontein and Beatrix and has grown into a leading international precious metals mining company, with a diverse portfolio of platinum group metal (PGM) operations in the United States and Southern Africa.

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South Africa Region - Gold Fields

Regional overview. The South Africa Region's mining assets are held through GFI Mining South Africa (Proprietary) Limited (GFIMSA), a subsidiary of Gold Fields Limited and Newshelf 899 (Pty) Limited (Newshelf), a 90% subsidiary of Gold Fields Limited (the remaining 10% is held by outside shareholders as part of the BEE Transaction completed in December 2010).

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South Africa's electricity crisis puts 6,900 Gold Fields ...

South Africa's electricity crisis puts 6,900 Gold Fields jobs at risk and further effect on production Posted by Matrix on 25th February 2008 Gold Fields has been one of the South African companies that has been quickest to update on the impact of the power rationing on South …

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Driefontein | Sibanye-Stillwater

10,146 employees and contractors. Driefontein is a large, shallow to ultra-deep level gold mining and processing operation located in the Far West Rand Goldfield of the Witwatersrand Basin, near the town of Carletonville in the Gauteng Province of South Africa, 70km west of Johannesburg. As of 31 December 2020, Driefontein had total gold ...

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Top 10: Gold Mines in South Africa by Proven Mineral Reserves

Doornkop Gold Mine – 896 koz. With a gold ore reserve base of 896 thousand ounces (koz) and an annual production rate of 80,763oz, the Doornkop gold mine in South Africa's Gauteng Province has an operational lifespan expected to last until 2036. The single-shaft operation is operated by Harmony Gold and mines to a depth of 2,000m.

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Gold Fields buys Driefontein - The Mail & Guardian

GOLD Fields on Thursday announced the acquisition of AngloGold's entire 21,5% interest in Driefontein in a move designed to pave the way for a reverse takeover of Driefontein…

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Re-Processing Gold Tailings in South Africa

The South African gold and uranium producer, Gold Fields Mining SA (Pty) Limited, is developing a flowsheet to treat historic tailings as well as current arisings from their gold operations, to recover uranium, acid and additional gold (the Driefontein project).

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Far West Gold Recoveries - Home | DRDGOLD

Far West Gold Recoveries. DRDGOLD's Far West Gold Recoveries (FWGR) operation, near Carletonville in South Africa's North West province, has become a value-driven asset for the company since it was acquired from Sibanye-Stillwater in July 2018. The acquisition was instrumental to the company's growth strategy, increasing its gold reserves ...

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South Africa's AngloGold's new CEO to tackle 'enormous ...

Sibanye-Stillwater CEO Neal Froneman floated the idea of a merger with AngloGold and Gold Fields in March, saying consolidation was needed for South Africa's gold miners to …

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Gold Fields re-opens Driefontein mine - Miningreview.com

Number Nine shaft at the Gold Fields Driefontein gold mine Johannesburg, South Africa — MININGREVIEW.COM — 17 October 2008 – Gold Fields Limited – Africa's second- largest gold producer and the world's No. 4 gold producer – has restarted operations at Africa's biggest mine after it was forced to shut it down when two workers died. The company shut its largest operation – the ...

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West Driefontein - WikiMili, The Best Wikipedia Reader

The firm was formed in 1998 with the amalgamation of the gold assets of Gold Fields of South Africa Limited and Gencor Limited. As of 2019, Gold Field was the world's eighth-largest producer of gold. East Driefontein is a small gold mining town approximately 20km outside Carletonville next to West Driefontein.

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Gold Fields Ltd Gold Mine - Driefontein - South Africa ...

Driefontein is located in South Africa's West Wits Line goldfield, about 60km south west of Johannesburg. Driefontein Consolidated Ltd (Driefontein) was created in 1981 with the merger of the West Driefontein and East Driefontein mines. In January 1998, Gold Fields Ltd assumed management responsibility for the operation, which became a wholly ...

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Sibanye Gold Ltd. to wind down Driefontein's operations ...

T he final demise of South Africa's gold industry came a step nearer on Wednesday with the announcement that Sibanye Gold Ltd. won't extend the life of Driefontein, once the biggest mine on the continent.. Last year the mine, more than 2 miles (3,200 meters) deep, produced about 300,000 ounces of gold, just a fifth of its peak output two decades ago.

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Gold Fields Ltd. -- Company History

Gold Fields was created in 1998 after the merger of Gold Fields of South Africa Ltd. and Gencor Ltd. History of Gold Fields of South Africa. Gold Fields of South Africa was formed in 1887 by Cecil Rhodes and Charles Rudd to hold properties they had acquired on the Transvaal's Witwatersrand gold fields.

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Gold Mining in South Africa | An Overview for Gold ...

Gold and diamond discoveries played an important part in the growth of the early Republic of South Africa. Historically, the country was the world's largest gold producer for …

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SA gold mining will be dead by 2033 if it fails to adopt ...

South Africa unearthed just 140 metric tons of gold last year, down 58% from 2004. Even at South Deep, Gold Fields endured a decade of accidents and technical mistakes. The company spent R33bn ($2.6bn) to acquire the operation and then to figure out the right method of mining the ore effectively. Gold Fields' market value is about R37.1bn.

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Gold Fields Ltd | Encyclopedia.com

Gold Fields was created in 1998 after the merger of Gold Fields of South Africa Ltd. and Gencor Ltd. History of Gold Fields of South Africa. Gold Fields of South Africa was formed in 1887 by Cecil Rhodes and Charles Rudd to hold properties they had acquired on the Transvaal's Witwatersrand gold fields.

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Group information

Purchased a portion of the Driefontein mining area in South Africa from Gold Fields Limited; 2004. Sold its Western Tanami project to Tanami Gold NL in Australia; Concluded the business combination with Ashanti Goldfields Company Limited, on which the …

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1998-2003 | THIS IS GOLD FIELDS | Gold Fields

2003. Gold Fields acquires the Cerro Corona gold-copper porphyry in Peru from Sociedad Minera la Cima SA. In South Africa, the first 10 trainee miners are awarded their permanent blasting certificates and start full-time shifts at Kloof mine – as part of a …

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Gold Fields may lay off 1 500 - Miningreview.com

Number Nine shaft at the Driefontein gold mine Johannesburg, South Africa — MININGREVIEW.COM — 22 January 2009 – Gold Fields Limited – the world's number four and Africa's second- largest producer of the metal – is considering laying off about 1 500 workers in South Africa.. Revealing this to Reuters, National Union of Mineworkers (NUM) deputy general secretary Oupa …

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Success of tailings retreatment stands out in lacklustre ...

Additionally, DRDGold concluded an acquisition for gold assets associated with Sibanye-Stillwater's West Rand Tailings Retreatment Project. The assets, comprising a …

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Our History | About us | Gold Fields

Gold Fields announces a major R26 billion investment in the long-term future of gold mining in South Africa. This is focused on shaft-deepening at Kloof and Driefontein – as well as the R21 billion acquisition of the nearby South Deep mine containing the world's largest unexploited gold deposit.

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Sibanye signals prospect of 5,000 job cuts at Driefontein ...

Driefontein's woes are well known to the market. In Sibanye's results for the six months to the end of June 2018, Driefontein lost R442m and its all-in sustaining costs were R603,092/kg compared to R464,30 at Kloof and R511,712 at Beatrix. Driefontein employs almost 11,000 employees, according to the company's latest annual report.

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