Asset Report

Kopanang - Vaal Reefs No 9 Shaft gold mine

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06 September 2018

Kopanang - Vaal Reefs No 9 Shaft gold mine

Report summary

Kopanang and Moab Khotsong used to form AngoGold Ashanti`s Vaal River operations. In 2017, Kopanang produced 91koz of gold, accounting for 2% of AngloGold Ashanti`s 2017 production. As cost escalations continued to outpace inflation as well as gold price, Kopanang was considered unprofitable in the process of Anglo's South African restructure. The sale of Kopanang to Heaven-Sent SA Sunshine Investment Company Limited was announced in October 2017 and concluded in February 2018, the company aims to return business back to profitibility.

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