Harmony’s starting to show the world that gold mining in South Africa is good business скачать в хорошем качестве

Harmony’s starting to show the world that gold mining in South Africa is good business

JOHANNESBURG (miningweekly.com) – Harmony Gold Mining Company, South Africa’s biggest gold mining company, is proving itself to be a great South African asset and it’s booming at the moment, not only because the gold price is so high, but also because this Johannesburg Stock Exchange-listed company has structured itself so well to mine at a depth greater than any other gold mining company on planet earth. Specifically, South Africa saw a phenomenal performance from the gold mine with the world’s deepest shaft – Mponeng – which delivered a wonderfully high grade of 11.27 g/t. Mponeng’s shaft is 3 891 m below datum and more than 2 000 m below sea level and the sequential grid mining method used helps to ensure that mining does not trigger unnecessary seismicity. Mponeng, which began extracting gold from the Ventersdorp Contact Reef orebody in 1986, is now dishing up a flood of free cash flow, not thanks to Mother Nature alone, but also the result of the human ingenuity that is being applied by Harmony Gold, which is now also moving swiftly into copper in Australia, backed by its success in South Africa.