Australian company to start gold mining in South Africa

Australian company to start gold mining in South Africa

South Africa is set to launch its first new underground gold mine in more than a decade, marking a rare resurgence in a once-dominant industry now in steep decline. Australia-listed West Wits Mining will commence operations at the Qala Shallows mine on the western edge of Johannesburg in 2026. The $90 million project is the country’s first new underground gold venture since 2009 and is expected to produce approximately 70 000 ounces annually ove…

Australian firm to launch gold mining operations in South Africa

South Africa will open its first new underground gold mine in over a decade, signaling a rare revival in an industry that has sharply declined. Australia-listed West Wits Mining will begin operations at the Qala Shallows mine on Johannesburg’s western edge in 2026. The $90 million project, the nation’s first underground gold venture since 2009, is projected to yield about 70 000 ounces per year over 17 years. Record-breaking prices The project b…