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MEI Online: Commodities: Metallic Ores: Gold: Latest News: December 20th 2002

:: Harmony and Mintek Join Forces to Create Musuku Beneficiation Systems  

Harmony Gold Mining Company Limited, the fifth largest gold producer in the world, and Mintek, the leader in minerals and metals technology in South Africa, have announced that the parties had signed a Memorandum of Understanding to create Musuku Beneficiation Systems, an integrated manufacturing and technology group focussing on the beneficiation of precious metals.

Musuku, meaning gold in Venda, will introduce, through a combination of specialised refining technologies and standardised business management practices, a major paradigm shift in the way precious metals are processed by primary precious metals producers. It will provide the management, operational and technical services necessary to profitably integrate value-adding processes into the gold mining industry.

This approach will not only be applied to South Africa, but also to other countries where precious metals play a significant role in their economies, and where the use of their developed technologies can be deployed.

This is expected to unlock significant value in the value chain of the precious metals industry and help South Africa gain a dominant position in the downstream value-adding industries such as jewellery manufacture and industrial applications for precious metals.

Harmony, the only producer to refine and market its own gold, recently upgraded its refinery in the Virginia to produce in excess of 100 tons of refined gold per annum. A large range of value-added products are currently produced for the local and export markets.



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Ferdi Dippenaar
+27(0)82 807 3684
Dr Nic Barcza
+27(0)11 709 4680

Mintek is a
Click here to go to the Mintek entry in the Business Directory

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