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Buffelsfontein 5 Shaft Data

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Buffelsfontein 5 Shaft Information

  • General 2015-05-10
    The BGM Mine consists of the Buffelsfontein underground mine and the Hartebeestfontein underground mine. The Buffelsfontein underground mine commenced gold production in 1954, while gold production at the Hartebeestfontein underground mine commenced a year later. Subsequently uranium was also produced. Randgold bought Buffelsfontein from Gencor in September 1997 and the Durban Roodepoort Deep Group (“DRD”) was formed, when Durban Roodepoort Deep Limited merged with Blyvooruitzicht Gold Mining Company Limited and Buffelsfontein Gold Mines Limited. In August 1999, DRD bought the Hartebeestfontein Mine from the Anglovaal stable. BGM was placed under provisional liquidation by its former owners on 22 March 2005, following continued financial losses and a seismic event on 9 March 2005, which caused damage to No. 5 Shaft. Simmers acquired BGM in October 2005 and resumed underground mining in December 2005. The uranium plants were closed when the uranium price dropped in the mid 1990’s. Both uranium plants have been decommissioned and demolished.

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