HSC acquired the Tau Lekoa mine in June 2015 at a time that it was facing severe technical and commercial challenges. Over the preceding two years, underground development had been significant cut-down and uncertainty about the mine’s future was affecting staff morale. To ‘right the ship’, significant investment was required, and over the following years after HSC’s acquisition, several tranches of development capital were provided by HSC, into the Tau Lekoa mine.
The mine operates on five levels from 900 to 1,650 metres below surface and is accessed through a twin-shaft system. Around 3,000 people work at the mine, producing around 75,000 oz of gold annually.