Mining Intelligence and News
South Africa

Cooke Mine

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Summary

Mine TypeTailings
StatusActive
Commodities
  • Gold
  • Uranium
Mining Method
  • Hydraulic mining
  • Truck & Shovel / Loader
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SnapshotThe Cooke operation was previously a large underground mining complex, consisting of four vertical production shafts, but underground workings were placed on care and maintenance during 2017.

Current operations comprise the Randfontein surface operation (RSO), which processes historic tailings through the Cooke gold plant. In addition, the Ezulwini gold plant (at No. 4 shaft) is used as a toll treatment facility, catering to both external and internal operations.

The Millsite TSF complex, which is currently being exploited and represents the bulk of the reported Mineral Resources, contains a total of approximately 96.8 Mt of attributable Mineral Resources, potentially supporting a twenty-year LoM.

The feasibility study (FS) into the exploitation of the uranium in the Cooke dump is progressing well, with the FS expected to be delivered by Q4 2025 and a final investment decision expected in 2026.

Owners

SourceSource
CompanyInterestOwnership
Sibanye-Stillwater Ltd. 76 % Indirect
Rand Uranium Proprietary Limited and Ezulwini Mining Company Proprietary Limited together own a number of underground and surface mining operations. These operations report to Sibanye-Stillwater’s chief operating decision maker as a separate segment, namely Cooke.

Deposit type

  • Tailings

Summary:

The mineral assets are historical gold plant tailings material from the mining of auriferous and uraniferous ore from the goldbearing, late Archaean (2.7Ga to 3.2Ga), Witwatersrand Basin in the West Rand Goldfield. The typical composition is quartz (70% to 80%), mica (10%), chlorite and chloritoid (9% to 18%) and pyrite (1% to 2%). Gold, uranium oxide, zirconium and chromium are minor constituents.

The composition of a TSF depends on the geochemical make-up of the material being mined and the chemicals used in the mining and extraction process. Further, the internal structure of the TSF reflects the mining strategy and depositional methodologies employed for each operation. The bulk density of tailings material and the lateral and vertical variation in moisture content is a critical factor in the accurate estimation of tonnages. In addition, secondary processes such as metal remobilisation, erosion, weathering, leaching and acid mine drainage can affect the geochemical characteristics of a TSF. Gold can undergo mobilisation within the TSF over time, and hence, may exhibit areas of reconcentration, and even be present in the sub-structure (footprint) soil. These factors can result in a considerable variation in gold content and distribution throughout the TSF and such variation has an impact on final recoveries and projected revenues for the operation.

Tailings from Cooke plant are deposited into historic, unrehabilitated, open pits connected to the old underground workings of the historic Randfontein Estates Gold Mine as part of the approved environmental management programme report (EMPR). The volumetric depositional capacity available in these pits, which assumes there is no further storage capacity in the connected underground workings, is used to constrain the current two year LoM. Longer term, the exploitation of the remaining surface Mineral Resources are dependent on the establishment of a new regional TSF, which is being pursued via DRDGOLD.

A total of 4.0Mt of depositional capacity is still available at the Cooke 4 (Ezulwini) TSF complex.

Uranium at Cooke
The Cooke uranium Mineral Resources are contained within two historic TSFs situated on the Cooke mineral rights. They are classified as “movable assets” and as such the right to mine is not tied to the mining right. The uranium Mineral Resources are by-products of gold mining at the historic Cooke operations. These surface uranium Mineral Resources represent a key strategic opportunity due to the proximity of the existing Cooke (gold only) and Ezulwini (gold and uranium) processing plants.

The feasibility study (FS) into the exploitation of the uranium in the Cooke dump is progressing well, with the FS expected to be delivered by Q4 2025 and a final investment decision expected in 2026.

Reserves

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Mining Methods

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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

CommodityUnits2024202320222021202020192018201720162015
Gold koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4245100182201
All production numbers are expressed as metal in doré.

Operational metrics

Metrics2024202320222021202020192018201720162015
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4,328 kt4,092 kt3,722 kt5,201 kt5,793 kt

Production Costs

CommodityUnits20242023202220212020201920182017
Total cash costs (sold) Gold USD 1,472 / oz  
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,120 / oz **   1,118 / oz **   1,574 / oz **  
All-in costs Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,120 / oz **   1,118 / oz **   1,583 / oz **  
** Net of By-Product.

Operating Costs

Currency202420232022202120202016
Total operating costs ($/t milled) ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Mine Financials

Units20242023202220212020201920182017
Sustaining costs M ZAR 8.5  
Capital expenditures M ZAR 73.9  
Revenue M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 828.4   841.8   1,677  
Gross profit M ZAR -284  
Operating Income M ZAR
Pre-tax Income M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe
After-tax Income M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -531.4   -627.3   -4,602  
EBITDA M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe -357.5  

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 1, 2025
....................... Subscription required ....................... Subscription required Subscription required May 1, 2025
....................... Subscription required ....................... Subscription required Subscription required May 1, 2025

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2024
...... Subscription required ...... Subscription required ...... Subscription required 2023
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...... Subscription required ...... Subscription required ...... Subscription required 2021
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...... Subscription required ...... Subscription required ...... Subscription required 2018
...... Subscription required ...... Subscription required ...... Subscription required 2017
...... Subscription required ...... Subscription required ...... Subscription required 2016
...... Subscription required ...... Subscription required ...... Subscription required 2015

Aerial view:

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