Gold Mining and Production
Aug 10, 2020
Gold mining is a world-wide business, operating on every continent, except Antarctica. The gold mines are all varied in types and scales. The diversification of gold mining locations has increased over the last four decades, since previously South Africa was one of the largest producers of the metal.
The mining procedure is very intense and long-term. Starting with mine exploration which is challenging and involves expertise from various disciplines. Once an appropriate location is selected, development is the following stage, where planning and construction of the mine takes place. This might easily take up to several years. As a support system, most mining companies, construct local infrastructure and amenities to support both logistical and operational needs.
The gold mining operation is the productive stage of the mine. The major part of this stage is transforming rock and ore into an alloy. The most impactful factors during the mine’s lifetime are gold prices and input costs, hence mine plans are regularly assessed and adjusted to market conditions and technological upgrades.
After a mine’s lifetime has come to an end, it gets decommissioned and dismantled. Moreover, the mining company is in charge of rehabilitating and monitoring the land long after its closure.