Wednesday, February 12, 2014
My Precious
Kopanang mine is a mine located in South Africa and its main resource is gold. Kopanang mine is located deep under ground (unlike open pit mining) where a very rich ore vain is found. Kopanang mine is so deep under ground that it's over 140 degrees! It is so hot at the bottom of the mine that allot of money is put into a cooling system so that the workers aren't bothered by it as much. After the gold ore is mined it is sent to a factory so it can be refined into its "purest" form which takes many steps to do but when it is finished it is 99.9% pure gold. Do you think mining for gold is cool and if it would pay off?
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With gold at rising prices, I'm sure all this mining pays off. At the current time it is 1304.80 USD per oz. of gold. AngloGold Ashanti, the company in charge of the mine, has it's profits surging to 1.3 billion USD, a record high. With these gold prices mining, gold mining will just keep growing.
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