Mining Intelligence and News
South Africa

Phoenix Mine

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Categories

Summary

Mine TypeTailings
StatusActive
Commodities
  • Gold
Mining Method
  • Hydraulic mining
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SnapshotThe Phoenix operation, or the Tswelopele beneficiation operation, is a low-cost, high-profit margin, low-grade tailings reprocessing operation.

It retreats tailings from Harmony’s tailings storage facilities in the Free State region to extract any residual gold, using the Saaiplaas plant.

For FY26, priorities include commissioning the FSS6 reclamation to replace Brand D and driving operational excellence across all areas of the business.

Owners

SourceSource
CompanyInterestOwnership
Black Economic Empowerment(B-BBEE Commission) 24 % Indirect
Harmony Gold Mining Company Ltd. 77 % Indirect
The Phoenix Project is 100% owned by Harmony’s BBBEE subsidiary, Tswelopele Beneficiation Operation (Pty) Limited, of which Harmony is a 77% shareholder (5% is held by the Harmony Community Trust).

Contractors

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Deposit type

  • Tailings

Summary:

The Phoenix operation, located adjacent to Harmony’s current and historical operations in the Free State, involves the retreatment of tailings from tailings storage facilities in the region to extract any residual gold.

Material contained in the TSFs originates from deep level gold mines, operated by Harmony and other mining companies. The mining operations predominantly extract narrow, tabular gold-bearing conglomerate reefs, namely the Basal, B, Elsburg (EA), Dreyerskruil and Beatrix Reefs.

These reefs occur within the Archean Witwatersrand Basin which hosts the Witwatersrand Supergroup succession. The Basal Reef is located at the base of the Harmony Formation, within the Johannesburg Subgroup of the Central Rand Group (“CRG”). The B Reef is part of the Spec Bona Member at the base of the Aandenk Formation, within the Turffontein Subgroup of the CRG. The Beatrix Reef is part of the Earls Court Member of the Aandenk Formation, within the Turffontein Subgroup of the CRG. The Elsburg (EA) and Dreyerskruil Reefs occur within the Eldorado Formation of the Turffontein Subgroup, capping the CRG in the Free State Goldfield.

The TSF material is the waste product of crushing, milling and gold extraction by carbon-in-leach (“CIL”) or CIP methods. As man-made deposits the TSFs are not the result of natural sedimentary processes. The grade of the TSFs is a function by the grade of the original reef sources, and the efficiency of the processing method at the time of treatment.

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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Water usage

Parameter202520242023202220212020
Fresh water 314 ML98 ML34 ML102 ML305 ML320 ML
Water use efficiency 50 m3/t20 m3/t10 m3/t20 m3/t50 m3/t50 m3/t

Commodity Production

CommodityUnits20252024202320222021202020192018201720162015
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe24,306 23,695 29,515 25,849 27,875 
^ Guidance / Forecast.

Operational metrics

Metrics20252024202320222021202020192018201720162015
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe6,133 kt5,962 kt6,729 kt6,465 kt6,245 kt

Production Costs

CommodityUnits202520242023202220212020201920182017
Total cash costs Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 999 / oz   1,071 / oz   907 / oz  
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,015 / oz   1,080 / oz   926 / oz  

Operating Costs

Currency20172016
Processing costs ($/t milled) USD  ....  Subscribe  ....  Subscribe

Mine Financials

Units202520242023202220212020201920182017
Capital expenditures M  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 6  ZAR 3  ZAR 5  ZAR
Revenue M  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 31  USD 31  USD 38  USD

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 29, 2025
....................... Subscription required ....................... Subscription required Subscription required Nov 29, 2025
....................... Subscription required ....................... Subscription required Subscription required Nov 29, 2025

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2025
...... Subscription required ...... Subscription required ...... Subscription required 2024
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required ...... Subscription required 2021
...... Subscription required ...... Subscription required ...... Subscription required 2020
...... Subscription required ...... Subscription required ...... Subscription required 2019
...... 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
...... Subscription required ...... Subscription required ...... Subscription required 2014

Aerial view:

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