Home / Metal News / Precious Metals / The gold mine owned by AngloGold, the world's third largest gold miner, has been suspended.
The gold mine owned by AngloGold, the world's third largest gold miner, has been suspended.
May 25,2020 08:16CST
translation
Source:SMM compilation
The content below was translated by Tencent automatically for reference.

SMM5 March 25: after 164employees tested positive for new crown virus, AngloGold Ashanti Ltd., the world's third largest gold miner Work on the Mponeng gold mine in South Africa has been temporarily suspended.

Most of the employees infected with the new crown virus are asymptomatic. Chris Nthite, a spokesman for the company, said the company had conducted 650 tests since last Thursday.

To prevent the spread of the new crown virus, Mponeng has been operating at 50 per cent capacity. During the outbreak, AngloGold withdrew its annual production target of 305-3.3 million ounces of gold.

AngloGold is planning to sell Mponeng Gold to Harmony Gold, a deal expected to be completed by the end of June.

According to the data, Mponeng world-class gold mine is not only the deepest mine in the world, but also one of the largest and highest grade gold mines.

The pits and tunnels are 370km long and meander to a depth of about 4350 meters. it takes 90 minutes for miners to reach the mining surface from the ground, as does the return journey.

But gold production at the Mponeng gold mine has declined steadily in recent years, and miners have to dig deeper to get gold.

Mponeng Gold Mine consumes 5000 pounds of explosives during mining every day. "detonate" to help engineers access deeper gold reserves. About 6400 tons of ore are mined every day.

"Click to participate in the second China (Yingtan) Copper Industry Summit Forum and the 15th China International Copper Industry chain Summit"

"these enterprises have signed up! (part of the list of participants is attached)

To sign up for the summit or apply to join the SMM industry exchange group, please scan the code:

Mining
production
precious metals
epidemic

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news