Glittering Dumps
Mining Weekly|September 29, 2017

Third of Pan African gold from low-cost, low-risk surface tailings

Martin Creamer
Glittering Dumps

More than a third of the yearly gold production of Pan African Resources is destined to arise from low-cost, low-risk tailings businesses, which have long lives ahead of them.

Pan African CEO Cobus Loots told investors, analysts and journalists at the company’s presentation of financial results last week that the London- and Johannesburg-listed midtier mining company expects to produce 190 000-oz-plus of gold in its 2018 financial year.

The Africa-focused precious metals mining company, which has a resource base of 34-million ounces of gold, in the 12 months to June 30, invested capital totalling R613million on sustaining and expanding its underground and surface operations at Evander and Barberton.

In the 12 months to June 30, its existing tailings businesses contributed 56 218 oz of gold at an all-in sustaining cost (AISC) of $477/oz, with the company reminding stakeholders of the “game changing” efficacy of the upcoming R1.7-billion Elikhulu gold tailings project now under construction.

Elikhulu, which will begin to produce gold in the last quarter of the 2018 calendar year, will itself produce 56 000 oz of gold a year for the first eight years of its 14-year life-of-mine and 46 000 oz/y for the last six years.

هذه القصة مأخوذة من طبعة September 29, 2017 من Mining Weekly.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة September 29, 2017 من Mining Weekly.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من MINING WEEKLY مشاهدة الكل
Supply Cliff?
Mining Weekly

Supply Cliff?

Commodities supply shortfall looming following years of underinvestment

time-read
3 mins  |
Mining Weekly 17 March 2017
Strikes Threaten Coal Sector
Mining Weekly

Strikes Threaten Coal Sector

If an agreement cannot be reached on the future structure and form of wage nego­tiations in the coal sector, unions have threatened to strike, says Solidarity mining industry deputy general secretary Connie Prinsloo.

time-read
3 mins  |
Mining Weekly 17 March 2017
Continued Focus On Downstream Development
Mining Weekly

Continued Focus On Downstream Development

Continued Focus On Downstream Development

time-read
2 mins  |
December 08, 2017
Unrelenting Scourge
Mining Weekly

Unrelenting Scourge

Mining fatalities in South Africa rise for first time in decade

time-read
2 mins  |
December 15, 2017
Plea For Open Discussion
Mining Weekly

Plea For Open Discussion

Diamonds body calls for ‘productive dialogue’ on Kimberley Process reform

time-read
3 mins  |
December 15, 2017
Deep Potential
Mining Weekly

Deep Potential

Stillwater deal seen positioning Sibanye as globally competitive mining champion.

time-read
5 mins  |
January 20 - 26, 2017
Explosive Advantage
Mining Weekly

Explosive Advantage

Explosives reloading system helping Gold One to reduce mining costs.

time-read
2 mins  |
January 20 - 26, 2017
Critical Juncture
Mining Weekly

Critical Juncture

South Africa’s mining sector at a crossroads, collaborative effort required.

time-read
7 mins  |
January 20 - 26, 2017
Consulting Engineering's Viability Proportional to Mining's Growth
Mining Weekly

Consulting Engineering's Viability Proportional to Mining's Growth

The consulting engineer-ing industry’s sustain-ability and growth are largely dependent on and proportional to the mining industry’s sustainability and growth respectively, says industry body Consulting Engineers South Africa (Cesa).

time-read
3 mins  |
Mining Weekly 28 April 2017
Greater Emphasis On Ensuring Sustainability
Mining Weekly

Greater Emphasis On Ensuring Sustainability

Engineering expertise can be used to generate socio-economic gains for mining companies, particularly in jurisdictions that are dependent on the finite business of mineral extraction, states global engineering and infrastructure advisory firm Aurecon, an adviser to the African mining sector.

time-read
2 mins  |
Mining Weekly 28 April 2017