 | This articleis missing information about geology, history. Please expand the article to include this information. Further details may exist on thetalk page.(May 2017) |
  South Deep mine Location in South Africa | |
| Location | |
|---|---|
| Gauteng | |
| Country | South Africa |
| Coordinates | 26°25′S27°40′E / 26.417°S 27.667°E /-26.417; 27.667 |
| Production | |
| Products | Gold |
| Owner | |
| Company | Gold Fields |
TheSouth Deep mine is one of the largestgold mines in theSouth Africa and in the world.[1] The mine is located in the north-east of the country inGauteng.[1] The mine has estimated reserves of 81.4 million oz ofgold.[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.
