Asset Report
Kopanang - Vaal Reefs No 9 Shaft gold mine
Report summary
Kopanang and Moab Khotsong used to form AngoGold Ashanti`s Vaal River operations. 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 profitability. The mine is considered to have been placed into care and maintenance in early 2020. The operating company, Village Main Reef, undertook a restructuring plan aimed at restarting the mine in September 2020 but no official restart has been released.
Table of contents
- Summary
- Key Issues
- Mining
- Processing
Tables and charts
This report includes 1 images and tables including:
- Detailed map
What's included
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