South Africa Opens Rare New Gold Mine After Record Price Rally
Qala Shallows gold mine near Johannesburg.
Source: Google MapsSouth Africa’s first new underground gold mine in 15 years opened on Thursday, aiming to capitalize on bullion’s record-breaking rally.
West Wits Mining Ltd. held a ceremony at the firm’s Qala Shallows project on the edge of Johannesburg. The Australia-listed company brought its first ore to surface in October and is building a 30,000-ton stockpile.