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AngloGold Ashanti may be on the verge of selling Kopanang gold mine. BL PREMIUM 15 September 2017 15:15 ...
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AngloGold Ashanti in talks to sell Kopanang Mine | Fin24
Cape Town AngloGold Ashanti on Friday said that it may have found a buyer for its Kopanang gold mine near Klerksdorp in North West. Earlier this year the mining company said that it would cease operations at the 36yearold gold mine, saying it had become unprofitable.
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The mining operation employs more than 600 people, with Moranbah North estimated to have a mine life of 15 years. Read more Operating the Moranbah North mine while constructing the Grosvenor longwall project, Anglo American is a major employer in the Moranbah region and as a result we have built a strong presence in the community.
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As part of the upcoming changes, Africa's biggest gold producer intends to place its Kopanang mine (pictured) in “care and maintenance.” (Image courtesy of AngloGold Ashanti.
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AngloGold Ashanti Limited is a global gold mining company. It was formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation . AngloGold Ashanti Limited is now a global gold producer with 21 operations on four continents.
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Moab Khotsong and Kopanang mines share the Great Noligwa gold plant, and this plant’s design capacity exceeds the maximum planned production from the two mines. Gold and uranium is recovered through gold cyanide and acid uranium leaching.
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In the first quarter of its 2017 financial year, the Kopanang mine incurred allin sustaining costs of 2,500/oz while Tau Tona’s AISC was 1,700/oz against an average gold price of 1,216/oz. AngloGold said it would continue to invest in viable gold resources in South Africa.
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AngloGold announces potential disposal of lossmaking Kopanang
A memorandum of understanding (MoU) has been signed with a selected party which could result in a sale agreement involving the disposal of the 36yearold, lossmaking Kopanang gold mine.