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🟡 World’s Deepest Gold Mine — 4 km Down in South Africa
The Mponeng Gold Mine in South Africa is the deepest operational gold mine in the world, extending beyond 4 kilometers below the surface. Workers travel deep underground through a complex network of shafts and tunnels to extract gold under extreme conditions.
Key Facts:
• Depth: Over 4 km underground, deeper than nearly all other mines on Earth.
• Location: Near Johannesburg in the Witwatersrand Basin, a region famous for rich gold deposits.
• Working Conditions: Rock temperatures deep down can exceed 60 °C, requiring advanced cooling systems to keep the environment survivable.
• Scale: It features hundreds of kilometers of tunnels and specialized infrastructure to handle the depth and heat.
Expert Insight:
Mponeng exemplifies the limits of underground mining technology — pushing thousands of workers kilometers beneath the surface while managing extreme heat, pressure, and complex logistics. Its depth showcases both human ingenuity and the challenges of accessing deep Earth resources.
#GoldMining #Mponeng #SouthAfrica #DeepestMine #MiningTech $XAG $XAU $PAXG
The Mponeng Gold Mine in South Africa is the deepest operational gold mine in the world, extending beyond 4 kilometers below the surface. Workers travel deep underground through a complex network of shafts and tunnels to extract gold under extreme conditions.
Key Facts:
• Depth: Over 4 km underground, deeper than nearly all other mines on Earth.
• Location: Near Johannesburg in the Witwatersrand Basin, a region famous for rich gold deposits.
• Working Conditions: Rock temperatures deep down can exceed 60 °C, requiring advanced cooling systems to keep the environment survivable.
• Scale: It features hundreds of kilometers of tunnels and specialized infrastructure to handle the depth and heat.
Expert Insight:
Mponeng exemplifies the limits of underground mining technology — pushing thousands of workers kilometers beneath the surface while managing extreme heat, pressure, and complex logistics. Its depth showcases both human ingenuity and the challenges of accessing deep Earth resources.
#GoldMining #Mponeng #SouthAfrica #DeepestMine #MiningTech $XAG $XAU $PAXG
⚡ Sandvik to Deploy Battery-Swap Electric Mining Rigs at Eldorado Gold Mine
Eldorado Gold is significantly scaling up its battery-electric mining fleet by ordering 10 Sandvik battery-swap rigs — expanding from 2 to 12 units — to electrify operations at its Lamaque gold mine in Québec, Canada.
• The order — worth about SEK 160 million (~US$17 M) — includes battery-electric trucks and loaders planned for delivery from mid-2026 into 2027.
• Sandvik’s equipment uses fast battery-swap technology (AutoSwap & AutoConnect) to minimize downtime and boost productivity underground.
• The move supports Eldorado’s push for lower emissions, improved safety, and operational efficiency compared to diesel machinery.
Electrifying mine fleets with battery-swap rigs reduces diesel dependency, cuts emissions and heat underground, and can improve safety and uptime — marking a strategic shift in sustainable mining technology at scale.
#MiningTech #Sandvik #ElectricVehicles #GoldMining #SustainableMining $XAU $PAXG
Eldorado Gold is significantly scaling up its battery-electric mining fleet by ordering 10 Sandvik battery-swap rigs — expanding from 2 to 12 units — to electrify operations at its Lamaque gold mine in Québec, Canada.
• The order — worth about SEK 160 million (~US$17 M) — includes battery-electric trucks and loaders planned for delivery from mid-2026 into 2027.
• Sandvik’s equipment uses fast battery-swap technology (AutoSwap & AutoConnect) to minimize downtime and boost productivity underground.
• The move supports Eldorado’s push for lower emissions, improved safety, and operational efficiency compared to diesel machinery.
Electrifying mine fleets with battery-swap rigs reduces diesel dependency, cuts emissions and heat underground, and can improve safety and uptime — marking a strategic shift in sustainable mining technology at scale.
#MiningTech #Sandvik #ElectricVehicles #GoldMining #SustainableMining $XAU $PAXG
AI is the new "Golden Klondike" for miners in 2026?
The world of mining has changed forever. If previously we only talked about hash rate, today the key term is HPC (High-Performance Computing). Why are giants like MARA and Bitdeer actively retrofitting their data centers for Artificial Intelligence?
According to the latest reports, AI contracts generate 3 times more revenue per megawatt of power than traditional bitcoin mining. The operational margin from AI deals reaches 80-90%, while in mining it often amounts to less than 20% due to the high network complexity.
According to the latest reports, AI contracts generate 3 times more revenue per megawatt of power than traditional bitcoin mining. The operational margin from AI deals reaches 80-90%, while in mining it often amounts to less than 20% due to the high network complexity.
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