Asset Report
Vaal Reefs South Lease (to 1998) (Closed) gold mine
Report summary
Milling at Vaal Reefs South Division commenced in 1972. During 1998 the Vaal Reefs mines were rationalised and reorganised, prior to the formation of AngloGold. Southvaal, a finance company, ceded the mining rights to the lease area in favour of Vaal Reefs in return for royalty payments of 55% of the pre-tax profit from gold and uranium, after allowing for capital expenditure, specific interest payments and certain uranium loan repayments.
Table of contents
- Mining
- Process
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