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Etymologies
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Examples
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Gengold spokesman Trevor Savage said the cause of the explosion at one of the mine's return airways had not been determined.
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Among the benefits for Gengold is the potential addition of about 2 million resource ounces to Beatrix Mine - the lowest cost producer in the industry; the potential advantages of the contiguity of the area to Beatrix and Oryx mines, and potential additional reserves of about 1,7 million resource ounces to
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Four miners were killed in an explosion at the Oryx gold mine near Welkom in the Free State over the weekend, Gengold said in a statement on Monday.
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Gengold spokesman Trevor Savage told Sapa the cause of the explosion, which occured on the 21st level or 1800m below the surface, was not yet known.
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Tom Dale, Managing Director of Gengold, is enthusiastic about the substantial benefits this type of transaction holds for primary stakeholders in the gold mining industry and praised industry leaders actively pursuing commercially logical mineral rights exchange.
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Gengold spokesman Trevor Savage said the cause of the explosion at the mine's level 18 return airway has not been determined with certainty.
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In a statement, Gengold announced the miners had been served with dismissal notices.
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Good results are expected from Harmony which now has the former Gengold mine - Unisel - incorporated into its operations, as well as Buffelsfontein.
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Beatrix continues to be the Gengold mainstay while analysts will be looking for more positive development results from Oryx and continued improvements from St Helena following the cancellation of its No 4 Shaft job creation project.
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Gengold spokesman Andrew Davidson said rock drill operators went underground at the mine on March 20, but refused to carry out their allotted duties.
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