Gold mining in SA is dead. What now?
The SA gold mining industry is on its deathbed, even though SA still has the world’s largest gold deposits. What happens to the abandoned mines? Is there a gap for junior miners with smart ideas and determination? And can the new Blyvoor Gold succeed?
Blyvooruitzicht was once the largest, most prosperous gold mine in SA. Established in 1937, it was the flagship operation of Rand Mines, a mining house more powerful than Anglo American in its day. At one stage, Blyvooruitzicht was said to have been the world’s most profitable mine.
Even into the 2000s, people would come from far and wide just to see its beautiful gardens, about 80km west of Joburg. Residents had more recreational halls than they knew what to do with, and a choice of no fewer than seven golf courses...