 | This article is missing information about geology, history.(May 2017) |
| Location | |
|---|---|
  South Deep mine Location in South Africa | |
| Gauteng | |
| Country | South Africa |
| Coordinates | 26°25′S27°40′E / 26.417°S 27.667°E |
| Production | |
| Products | Gold |
| Owner | |
| Company | Gold Fields |
The South Deep mine is one of the largest gold mines in the South Africa and in the world. [1] The mine is located in the north-east of the country in Gauteng. [1] The mine has estimated reserves of 81.4 million oz of gold. [1]
South Deep Mine has experienced a challenging period over recent years with various steps taken to revise its cost base in order to reduce losses [2] (of approximately US$292m over a five-year period [3] ). In August 2019 a material restructuring of the mine was announced with the primary aim being to reduce costs by way of cutting 1,100 employees and 460 contractors. [4]
In response to the retrenchment announcements, the National Union of Mineworkers branch at South Deep started strike action. The strike lasted for 45 days from 2 November 2018 and was ended following a settlement agreement between Gold Fields and the National Union of Mineworkers.
 | This article about a specific South African mine is a stub. You can help Wikipedia by expanding it. |
