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Mining of Gold and Uranium
BY Alex Conradie
South Africa
01 November 2017
R 14 400.00 (ZAR)  
estimated $ 1 127.52 (USD) *
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The Mining of Gold and Uranium


Although South Africa is no longer the world’s largest gold producer and is now ranked sixth in the world, the gold and uranium mining sector is one of the largest components of the domestic mining industry on the basis of employment and export earnings. During 2016, South Africa produced 165.6t of gold, exported 103.7t worth R60.6bn and employed 116,479 people. The country was the world’s eleventh-largest producer of uranium in 2016 and it has reasonably assured uranium resources of 237,600t or 6.9% of the world total.


Declining Production


The current decrease in production has reduced gold’s contribution to the country’s economy. According to Statistics South Africa, gold contributed 3.8% to GDP in 1993, dropping to 1.2% in 2015. The issues contributing to the continued fall in production include the increasing depth of operations, continued declines in productivity, ageing infrastructure and falling gold grades. With increased travelling times for workers to reach work areas, the actual amount of time spent on production has diminished. Research conducted by the Chamber of Mines showed that if there is no substantial change in the mining methods used, local gold mining could cease in 2033. As a result, a modernisation plan comprising three stages is to be implemented by role players.


Report Coverage


The Mining of Gold and Uranium describes current conditions, including the uncertainty that still exists in the regulatory environment, and discusses factors influencing the success of the industry. The report profiles 16 companies including Pan African Resources, which began the construction of the R1.74bn Elikhulu gold tailings project in Mpumalanga in September 2017. Also profiled is Sibanye-Stillwater, whose operations were negatively affected by a strike concerning illegal mining in June 2017, and which announced the retrenchment of 2,000 workers at its Cooke operations at the end of October 2017.


Page
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Value Chain 2
2.2. Geographic Position 3
3. SIZE OF THE INDUSTRY 5
4. STATE OF THE INDUSTRY 11
4.1. Local 11
4.1.1. Uranium 17
4.1.2. Corporate Actions 19
4.1.3. Regulations 20
4.1.4. Enterprise Development and Social Economic Development 25
4.2. Continental 25
4.2.1. Gold 25
4.2.2. Uranium 27
4.3. International 27
4.3.1. Gold 27
4.3.2. Uranium 32
5. INFLUENCING FACTORS 34
5.1. Economic Environment 34
5.2. Labour 35
5.3. Mine Safety 38
5.4. Illegal Mining 39
5.5. Government’s Proposed Nuclear Build Programme 40
5.6. Technology, Research and Development (R&D) and Innovation 41
5.7. Environmental Concerns 43
6. COMPETITION 44
6.1. Barriers to Entry 45
7. SWOT ANALYSIS 45
8. OUTLOOK 46
9. INDUSTRY ASSOCIATIONS 47
10. REFERENCES 47
10.1. Publications 47
10.2. Websites 48
COMPANY PROFILES 49
ANGLOGOLD ASHANTI LTD 49
BIRRELL MINING (PTY) LTD 55
CENTRAL RAND GOLD LTD 57
DRDGOLD LTD 60
GOLD FIELDS LTD 64
GOLD ONE INTERNATIONAL (PTY) LTD 69
GOLIATH GOLD MINING LTD 71
HARMONY GOLD MINING COMPANY LTD 74
OAKBAY RESOURCES AND ENERGY LTD 79
ORION MINERALS NL 83
PAN AFRICAN RESOURCES PLC 87
PENINSULA ENERGY LTD 90
SIBANYE GOLD LTD 93
STONEWALL RESOURCES LTD 100
VILLAGE MAIN REEF (PTY) LTD 103
WHITE RIVERS EXPLORATION (PTY) LTD 106