New book ‘102 Things to Do with a Hole in the Ground‘ spotlights global reclamation projects
Stories of reinvented coal mining regions, regenerated communities and rebuilt ecosystems are told in a new book published this month.
Sibanye Gold (NYSE:SBGL) gained 4.49% to $7.43, a 52-week high, after announcing that its mineral reserves had grown to 19.73Moz, a 46% increase.
The increase was a result of “. . . taking into account, inter alia, lower operating costs, improved efficiencies and improved mining quality factors at its operations.”
The company said that all mineral reserves are above its current infrastructure and the mineral reserve increase will extend the company’s life of mine.
Sibayne Gold, formed in late 2012 by Gold Fields, operates the Kloof, Driefontein and Beatrix gold mines as well as various service companies.
Some of the mines have been in production for as long as 70 years.
In October the company announced that it was considering a switch to solar power due to South African electricity price hikes .
Sibanye Gold operates the the Kloof, Driefontein and Beatrix gold mines in South Africa. Map from
Company & PropertyMine.
