PRECIOUS METALS

Protestors march on restarted Blyvoor gold mine

New owners delivered first gold this year

Staff reporter

This article is 4 years old. Images might not display.

The National Union of Mineworkers said protestors walked about 10km in scorching heat to deliver a memorandum to Blyvoor, demanding the company re-employ them, improve socioeconomic conditions and "stop its union bashing tactics".

The mine had been temporarily halted in April due an "illegal blockade", just after a rebuild and restarting production.

Tensions had been simmering since the March 2 murder of Wels Sempe, a company director who was also leader of the Blyvoor Workers' Union, according to a local media report.

The mine was said to be the world's biggest gold producer in 1951.

DRDGold sold its 74% stake in 2012 in what was then the Blyvooruitzicht Gold Mining Company to Village Main Reef but the mine was hobbled by industrial action, safety stoppages then liquidity issues and closed. 

It was bought in 2015 by Blyvoor Gold, a company founded by Peter Skeat and Richard Floyd, who redeveloped the mine.

Blyvoor has a streaming deal at US$572 an ounce with Nomad Royalty Company, which received its first gold delivery from the mine in the March quarter.

The Blyvoor stream contributed $94,000 to Nomad's $2.1 million gross profit for the September quarter.

The mine has a 22-year mine life based on its 5.5 million ounce reserve, and is forecast to produce an average annual 242,000oz at $570/oz all-in sustaining costs, according to a technical report announced by Nomad in June.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.