Elandsrand, South Africa
Key Data:
Produce
Gold
Location
Far West Rand, 10km south west of Carletonville, Mpumalanga
Ownership
Harmony
Geology Type
Tabular orebodies, quartz pebble conglomerates hosting gold; extreme lateral continuity
Reserve Base
6.9 million ounces of proven reserves
Annual Production
445,000oz
Mining Method
Conventional
Development Completion
End of 2010
Full Production
2014
Life of Mine Years
22
Tonnes milled
28.2 million
Grade (average reserve)
7.71g/t
Life-of-mine ounces
6.99 million
Financial Evaluation (at a gold price of R105,000/kg)
NPV @ 7.5%
R2,271m
IRR
23%
