Project overview
About this development
Development of the Bloemhoek Project, in the Free State province. A three dimensional geological model illustrated that the conglomerate reefs occur at depths of between 1 300m and 2 400m below surface. A number of alternative shaft positions have been considered, min-designs and production profiles. The optimum result envisaged the sinking of a twin shaft system to 1 951m with the deeper areas being accessed by systems of declines. A remote vertical ventilation shaft has been included in the schedule. The mine at Bloemhoek will require a life of mine capital expenditure of R8 094 million (approximately US$1 billion) and the first gold production will be in year nine. A five year production ramp up period has been estimated and the mine will operate at full production for 23 years with an annual production of 380 000 oz of gold. Total gold production is estimated to be 9.6Moz. Total life-of-mine expenditure is estimated at R8 094 million.
Project at a glance
Bloemhoek Project is located in Free State. The project is classified in the Private sector. Its current recorded stage is Cancelled. The recorded project value is R 200 Million+.