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The effects of a changing gold price on the South African gold mining industryRahn, Friedrich James 01 1900 (has links)
References appear at the end of each chapter / The importance of gold in the development of South
Africa as an industrialised economy cannot be over - emphasised.
Towards the end of the 19th century the economy depended almost
entirely on the production of gold and diamonds which laid the
foundation for a highly - developed national economy.
With gold still continuing to play an important
role coupled with the recent price increases, a need was felt
to investigate the potential effect of higher prices on gold
production in South Africa. For reasons set out in the study,
it was decided to compare potential out put for five different
gold prices. A gold price received by the mines of 050 per
ounce was used as abase. Further calculations were made at
060, 070, 0100 and 0150 per ounce.
The calculations for all the cases were done duri ng
the period when the Rand was floating with the Pound Sterling
and a Rand : Dollar parity of 1:1, 2 4 was used. Since then two
parity changes occured : the Rand was pegged to the Dollar on the 25th October, 1972 to give a Rand : Dollar parity of 1:1,27732, and
the Dollar was devalued on the 13th February, 1973 by
1 1,1 % to give the present Rand : Dollar parity of 1:1, 4192.
The e ffect of the above two parity changes is that
revenue in Dollar terms is overstated by 14,45 5%. It is
suggested that for purposes of this study the Rand figures be
accepted and wherever Dollars are used in future estimates
these be increased by the afore-mentioned 14, 455%. In Dollar terms the five Cases analised will change as follows:
Case A : 5350 becomes 057, 23 per ounce
Case B : 260 becomes 068, 67 per ounce
Case C : 270 becomes 080,12 per ounce
Case D : 0100 becomes 0114 ,46 per ounce
Case E : 0150 becomes 0171, 68 per ounce
To do an in-depth investigation into the effects of
higher gold prices on each individual mine, it was necessary
to analyse the various parameters required in the determination
of gold p r oduction, revenue, lease and tax payments , and
dividends.
For each mine the pay limits at the various gold
prices and at estimated working cost levels, were determined .
Graphs of the estimated tonnages at various pay limits as well
as the average grade of ore mineable at these limits were determined. From these graphs it is possible to obtain the
total tonnage mi neable at various pay limits. Once the foregoing
parameters were obtained for each mine, it was possible
to determine annual gold production, revenue, lease and tax
payments and amounts available to share holders which are
then summarised in tables and illustrated in graphs. For ease of
reference the mines were divided up into
geographica l areas. Gold production revenue, lease and tax
payments to the State and the amounts available to shareholders are
summarised and compared for the various gold prices. The summaries
show bold production remaining fairly constant at or just below
the present level of about 900 000 kilograms per year
until 1978 for Case A,
1979 for Cases B and C,
1983 for Case D, and
1984 for Case E.
before declining progressively thereafter.
Revenue following the same pattern as gold production for
Case A , as is to be expected, but
increasing to a peak of R1 466 million in 1977 for
Case B before progressively declining,
increasing to a peak of R2 434 million in 1982 for
Case D before progressively declining,
increasing to a peak of R3 478 million in 1983 for
Case E but remaining above the 1973 level of R1 254
million until the year 2005.
Lease and tax payments and amounts available to share-holders
following the same pattern as that indicated by
revenue reaching peaks of respectively
R390 million and R268 million for Case B
R485 million and R339 million for Case C
R756 million and R536 million for Case D
R1 000 million and R779 million for Case E.
Following the recent monetary unrest, gold prices
assumed for 1973 are too conservative. Should the present
gold price of about $80 and the 1972 level of production of
909 000 kilograms continue for the remainder of 1973, then
gold production, revenue, lease and tax payments and dividends
as shown for Case C for the year 1975 will be applicable for
1973. This shams gold production of 919 520 kilograms,
gold revenue of R 1690 million,
lease and tax payments of R465 million, and
dividends of R339 million.
The effect of the higher gold price can be clearly
seen when the fore-going figures are compared with the 1971
totals of gold production of 97 6,600 kilogr ams ,
revenue of R396 million from gold,
lease and tax payments of approximately R139 million, and
dividends of R142 million .
Despite a decline in gold production, revenue is expected to
be up by 8 9 % whilst lease and tax payments increase by 2 35%
compared with a dividend increase of 139%.
Finally certain tax concessions to
increase productivity and the rebuy alleviate the labour
shortage,
prolong the li ves of the mines by mining lower grade ore,
and
encourage exploration
was investigated and suggestions made. / Business Management / D. Com.
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Strategic scenario planning at Lonmin Western Platinum MineNaude, M. L. 28 August 2012 (has links)
M.B.A. / To develop four Strategic Scenario's for Lonmin Western Platinum Mine ( WPM ) based on investigation into outsourcing, financial, productivity and technological aspects to enable Lonmin Western Platinum Mine management to refocus their operating strategies. 1.7 Objective of research 1.7.1 To analyse the current external and internal environment 1.7.2 To evaluate Lonmin Western Platinum Mines current situation 1.7.3 To utilize an appropriate research methodology 1.7.4 To provide strategic scenarios to top management 1.7.5 To evaluate the strategic scenario's and provide a recommendation to management
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Mineralogie en petrografie van die Merenskyrif in die Western platinum-myn, naby MarikanaBrynard, Hermanus Johannes 26 May 2014 (has links)
M.Sc. (Geology) / Please refer to full text to view abstract
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Strategic implication of a segmentation and positioning model for the South African gold narrow reef mining market.Landman, G. V. R. 17 August 2012 (has links)
M.Comm. / Many variables exist that influence buyer behaviour in the narrow reef gold mining market. Since some variables are real but subjective in nature, such as the opinion and charisma of mine managers or influential individuals, it is difficult to quantify and analyse them. The question is ? Which variables, 8 quantifiable or not, are more dominant in shaping buyer behaviour and how should they be prioritised? What is needed is a logical segmentation model which reflects true buyer behaviour in order to shape future strategies in AEL so that the overall company objectives can be met. Each segment should then be analysed and considered regarding attractiveness in satisfying needs and the ability to add value both to the customer and to AEL. It is also required to target market segments and develop a marketing mix for them so that AEL is correctly positioned to retain the markets it choose to compete in. The problem is the failure to identify market areas of similar response which are relatively stable and can be used to select areas where maximum value can be added to the customer and to the company and can be used to shape and define future direction. The following objectives have been set for this study:The establishment of a market segmentation model which will identify and explain the basis of similarities and differences in buyer behaviour groups which is sufficiently large and stable in order to focus future strategies. - The interpretation of the segmentation model in the light of the strengths, weaknesses, opportunities and threats of the company in order to target markets best suited to the potential of the company. - Development of strategies and positioning in the target markets to strengthen the chance of success.
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Characterisation and beneficiation of coal from the New Vaal Colliery, Sasolburg-Vereeniging Coalfield, South Africa, through the application of automated mineralogyPretorius, Donavan Johannes 11 November 2015 (has links)
M.Sc. (Geology) / The purpose of this study was to assess the MLA’s ability to characterise (e.g. modal mineralogy, elemental assay, particle size distribution, particle density distribution and mineral associations) a coal product from New Vaal Colliery, with the aim to determine any liberation and beneficiation characteristics. In general the MLA assessment on coal is comparatively new and novel, especially at Spectrum (University of Johannesburg), hence research in this regard is required. For the first time New Vaal coal product was characterised with the MLA 600 FEG SEM. The coal product supplied to Lethabo Power Station for the study’s samples, consisted of Top Seam and Middle Seam coal from New Vaal Colliery which is located in the Cornelia subbasin of the Vereeniging-Sasolburg coalfield, South Africa. The proximate analysis characterised the coal as a high-ash (42.25% air-dried) and low calorific value (13.92 MJ/kg air-dried) product. Chemically SiO2 was the most abundant oxide followed by Al2O3 for the XRF analysis, which was mostly derived from the abundant kaolinite clay mineral (determined by petrography, XRD and MLA analysis). Mineralogically inertinite was the most abundant coal maceral encountered during the petrographic analysis. With geochemical characterisation, chalcophile, siderophile, lithophile and radioactive trace elements were found to be mostly comparable to the global average.
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The nature and origin of gold mineralization in the Tugela valley, Natal Structural and Metamorphic ProvinceDe Klerk, Ian Duncan January 1991 (has links)
The project area is situated within the Tugela Valley, located in the Northern Marginal Zone of the Natal Structural and Metamorphic Province, and this work outlines the different styles of gold mineralization found in the Tugela Valley. Two different styles have been recognized and both have economic significance:- 1) Epigenetic shear zone-hosted gold occurs in late-stage relatively undeformed thin quartz veins confined to shear zones, and is present in both the greenschist facies Natal Thrust Belt and the amphibolite facies Natal Nappe Complex. However the vast majority of these occurrences are concentrated within the thrust front (i.e. the Natal Thrust Belt). The gold grades (up to 7 g/t) and the hydrothermal alteration assemblages associated with the epigenetic deposits have been documented. 2) An as yet unrecognized occurrence of syngenetic gold mineralization is found associated with the sediment-hosted exhalative massive, to semi-massive, sulphides of the iThuma prospect, located within the amphibolite facies Natal Nappe Complex. Here gold (up to 3 g/t) is concentrated together with the main sulphide are, as well as some gold enrichment (230ppb) in the hydrothermally altered footwall feeder pipe. It is proposed that the epigenetic mineralization was formed as a consequence of the northward directed abduction of the major thrust slices of the Natal Nappe Complex. This increased the permeability of the rocks and provided channelways for the focussing of fluids. Deposition took place at the thrust front where metamorphic hydrothermal fluids interacted with meteoric water.
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A hydrogeological investigation of the Grootegeluk mineJohnstone, Andrew Clifford January 1989 (has links)
The study concerns an assessment of the hydrogeological impact of an open cast coal mine in the North Western Transvaal Province of South Africa. The hydrogeological impact of the mine is assessed in terms of groundwater quality and levels. A monitoring system was installed to enable the present and future impact of mining operations on the hydrogeological regime to be assessed. Grootegeluk Mine is situated in the Waterberg Coal Field of South Africa and began production in 1980. The mine extracts fifteen million tons of mine material annually from a single open pit. Forty percent of the mined material is saleable product and the remaining sixty percent is stacked on discard dumps. The Daarby fault forms the northern boundary of the open pit and serves to bring the younger Letaba and Clarens Formations into contact with the older Beaufort and Ecca Groups. The mine discards are deposited north of the fault on a different hydrogeological environment from which they are mined. Dewatering of the mine open pit has resulted in a steady decline in water levels in the Ecca Group, south of the Daarby fault. In contrast, water levels north of the Daarby fault in the Letaba and Clarens Formations have risen. The short term hydrochemical impact of the mine discard dumps and slimes dams have resulted in a rise in the calcium, sulphate, chloride, fluoride and nitrate concentrations of the ambient groundwater . The longer term hydrochemical impact from the waste dumps, acid mine drainage, is not evident at present in the groundwater below the waste dumps. However, it is expected to manifest itself during the next ten years. A monitoring system was installed at the mine to allow groundwater levels and quality to be monitored. By measuring groundwater quality and levels the impact of the mine on the regional hydrogeology can be monitored and assessed presently, and during the next forty years of production. Monitoring will also enable the timeous implementation of remedial measures at an early stage and eliminate the need for large late stage "clean up" operations. Future monitoring of both water levels and quality will be crucial in evaluating the mine's impact on the regional groundwater regimes over the next forty years of production. The remedial measures recommended for leachate presently emanating from the waste dumps and slimes dams north of the Daarby fault, are a number of collector wells drilled into the basalts and sandstone north of the Daarby fault. The proposed positions of the wells (boreholes) are as close as possible to the dumps and slimes dams with expansion taken into consideration. The boreholes should be designed to lower the water level in the vicinity of the dumps in order to create a nett groundwater gradient towards the dumps and as a result, halt the spread of leachate away from the dumps. Grootegeluk plans to backfill the open pit with plant discards on completion of the mining of zone 2. The backfilled material will consist of the currently produced plant waste and will be covered with overburden and topsoil. It is expected that the backfilling will have a major impact on groundwater quantity if no remedial measures are implemented. The two remedial measures discussed are chemical treatment of the discard material before backfilling or the continual abstraction of water from the pit resulting in a nett groundwater inflow into the pit. No material from the present waste dumps and slimes dams will be transported into the open pit as backfill material
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Pyogenic infections of the hand : an industrial and clinical investigation in the African miner.Van Niekerk, Johannes Philippus de Villiers 20 April 2017 (has links)
No description available.
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Corporate reputation in the South African diamond industry : a multi-stakeholder perspectiveNgcobo, Sakhile Glen January 2016 (has links)
A thesis submitted to the Faculty of Commerce, Law and Management, University of the Witwatersrand in fulfilment of the requirements for the degree of Doctor of Philosophy / Lack of common understanding of corporate reputation in the diamond industry in South Africa has attracted a lot of interest in this aspect of the mining industry. The recent Marikana Massacre in the platinum belt in the Rustenburg area at Lonmin Mine in 2012, together with on-going debates on resource nationalisation and negative relations between mine communities and diamond mining companies have prompted the call for more research in reputation management in the mining industry in South Africa. The purpose of this research is to define the meaning of corporate reputation in the diamond industry, to understand key perceptions of the diamond industry, to identify key effects of corporate reputation in the diamond industry and to evaluate key management approaches to corporate reputation in the diamond industry from multi-stakeholder perspectives.
Mixed methods research methodology was used in this study, comprising quantitative and qualitative data collection and data analysis. Key findings include that there is no one single definition of corporate reputation. Each stakeholder has his/her unique definition which is based on his/her own assessments of the organisation, the past and future actions of the corporation, and their experience and perception of the organisation. Poor relations between mine communities and diamond companies; prospects for the collapse of the Kimberley Process (KP); violent strikes; environmental issues, including rehabilitation of old mines; poverty and high unemployment in the mining communities; failure of BEE transactions in delivering real value to the mine employees and local communities; illegal mining; the rise of synthetic un-natural diamonds and negative perceptions of the diamond industry in South Africa are the current major challenges and risks affecting the diamond industry in South Africa.
This study concludes that positive corporate reputation would result in improved investor confidence, higher levels of attracting and retaining top level talent in the organisation, improved attraction of customers, better relations with communities and improved stakeholder relations. The study did not find evidence proving that a positive reputation will result in higher prices for diamond products. It found that corporate reputation management initiatives in the diamond industry are not well understood and, as a result, they are not delivering the full results as expected.
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Effective stakeholder relations management with a special focus on community engagement including youth groups’ involvement in the mining towns; targeted social investment programmes with special focus on enterprise development and effective management of industry perceptions are identified as the most critical steps to be adopted in the diamond industry in order to improve its reputation. / GR2018
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A study of the correlation between dragline diggability and blasting technology at Syberfontein colliery.Frimpong, Mensah. January 1994 (has links)
A project report submitted to the Faculty of Engineering,
University of the Witwatersrand, Johannesburg, in partial
fulfilment of the requirements for the degree of Master
ofil science in Engineering. / Given the high capital intensity of the dragline
operation, the mine can not afford to" tolerate
fragmentation problems with its concomitant low dragline
productivities. At Syferfontein colliery very large
boulders and completely unfraqmented sections resulting
in Low digging efficiency of the dragline were
encountered in the interburden blast,
This project, investigates the causes of the blasting
related problems with an intent of improving dragline
productivity at the minimum possible cost. This is
achieved through blast monitoring, evaluation of the
existing practice (blast design) using empirical relations,
fragmentation assessment using a model, analysis of operators
performance and dragline
availabilities. Dragline productivity is evaluated in the
light of the various productivity indices , viz, fill
factor, fill time and BCM/H. The results indicated
explosive incompatibility with the blasting environment
and. questionable practices regarding blast design and
Delay performance. Engineering field controls such as
reduction in drill pattern, reduction of VODof explosive
and improvement in draqline utilisation are found
necessary.
Contributing 61% to the total cost I concentrating on
reducing draqline cost must receive preference over
drilling and blasting cost as it would produce the most
tangible advantage in any cost reduction effort.
Regression equations relating cbst and productivity are
established. / Andrew Chakane 2018
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