West Wits Mining officially inaugurated Qala Shallows on 5 December, a project projected to yield 70,000 ounces of gold per year over a 12-year lifespan. The event, attended by Mineral Resources and Energy Minister Gwede Mantashe, marks South Africa’s first underground gold mine in more than 15 years, the company said.
Rudi Deysel, CEO of West Wits Mining, said: “For years, many believed Central Rand had reached the end of its mining cycle, but Qala Shallows demonstrates that with rigorous geological work, clear planning, disciplined execution, and strong government-business cooperation, new underground gold mines can still be developed in this district.”
West Wits estimated Qala Shallows’ development costs at $44 million in a feasibility study published in July. The mine constitutes the initial phase of the Witwatersrand Basin Project (WBP), a broader plan designed to create a complex capable of producing 200,000 ounces annually.
The company plans to continue development toward the first gold pour in March 2026. The project comes amid a strong gold market, with prices rising roughly 60% since January 2025.
South Africa expects Qala Shallows to generate approximately $1.15 billion in economic contribution and create around 1,000 direct jobs. The mine will provide a new revenue source for the national economy while reinforcing the country’s historical gold mining sector.
This article was initially published in French by Aurel Sèdjro Houenou
Adapted in English by Ange Jason Quenum
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...
JA Africa launches $1.5M digital safety program in four African countries Initiative to ...
Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
Government presents 27 companies chosen for the new innovation and business-transformation program Initiative targets start-ups, microenterprises,...
Mauritania launches e-health initiatives, including a national vaccination database and the E-CNAM platform for digital insurance and...
President Mahama launches STEMBox to boost practical science education Program aims to modernize learning and support local tech-focused...
The US, DRC and Rwanda sign a new framework tying mineral access, governance reforms and security cooperation into one strategic agreement. The...
Mauritius recorded a 56% increase in UK Google searches for “Christmas in Mauritius” over the past three months. The island ranked fourth overall...
Niokolo-Koba National Park, designated both a Biosphere Reserve and a UNESCO World Heritage Site, is one of the ecological treasures of Senegal and all of...