Bambanani Gold Mine

South Africa / Free State / Virginia /
 mine, gold mine

This is the Mining Right for Bambanani Gold Mine which is owned and operated by Harmony Gold (as of Feb 2011). Located in the Free State, near Welkom, Bambanani comprises one surface shaft with a sub-shaft that feeds the Harmony 1 Plant, located some 7 kilometres away. Harmony initially acquired Bambanani as part of the acquisition (in a 50:50 joint venture with ARMgold) of the Freegold operations (made up of Bambanani, Phakisa and Tshepong) from AngloGold Ashanti Limited in January 2002. In September 2003, Harmony acquired these operations in their entirety. At the end of June 2010, Bambanani (including Steyn 2) reported mineral reserves of 1.431 million ounces of gold and mineral resources of 7.429 million ounces.

With the acquisition of Pamodzi Gold’s Free State assets, the Steyn 2 shaft has been included in the operational management of Bambanani.

This deep-level operation (3 680m below surface) undertakes largely scattered mining on the Basal Reef, with some remnant pillar extraction (around 25%). Development is currently under way for the extraction of the shaft pillar, where stoping operations are due to begin in 2012.

In FY10, Bambanani employed 3 887 people – 3 611 employees and 276 contractors.

Reference for information:
www.harmony.co.za/b/ops_sa_bambanani.asp
www.har.co.za/businessreview_mineral_freestate.htm
www.harmony.co.za/b/res_tbl_fs.asp

Reference for SEC filings and lease maps:
www.secinfo.com/d14D5a.z3a4r.htm
Nearby cities:
Coordinates:   28°2'42"S   26°48'13"E
This article was last modified 13 years ago