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Tag: South Africa Opens First Underground Gold Mine

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Historic Gold Revival: South Africa Opens First Underground Gold Mine in 15 Years

Alo360 Admin4 weeks ago4 weeks ago14 mins

West Wits’ Qala Shallows secures $50M funding—first new underground gold mine in 15 years in South Africa, with strong DFS, 70,000 oz/year & 17‑year revenue forecast. South Africa is gearing up to launch its first new underground gold mine in 15 years, marking a significant development for a nation once renowned as the world leader…

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