Stellenbosch PhD student, Steve Chingwaru discovers potential 460 tonnes of gold in Witwatersrand mine dumps

Loading player...
It is known that there is invisible gold, which consists of minuscule particles locked inside other minerals in the mine dumps found all over the Johannesburg and Witwatersrand area. What makes Chingwaru’s research noteworthy is that, as a Master’s degree student whose research was upgraded to a PhD, he is the first scholar to calculate that the six billion tons of tailings around the Witwatersrand mines contain up to 460 tons of gold. In an interview with Biznews, Chingwaru said that the tailing dumps in the Johannesburg area are being reprocessed by mining companies, but they are only achieving a 30% recovery rate. He set out to locate the remaining 70% and determine how to safely extract it from the pyrite. Chingwaru’s research has attracted the attention of major mining companies, and he has also received interest from China. Armed with his PhD, he plans to venture overseas to expand his knowledge of mining. However, he intends to return to Africa to promote sustainable mining practices for South Africa and the African continent. Chingwaru is the grandson of the legendary prospector, George Nolan who discovered lithium in Zimbabwe.
10 Apr 2024 1PM English South Africa Investing · Business News

Other recent episodes

BNC#8; John Endres Q&A - Jobs, politics and the investment freeze no one wants to admit

South Africa’s future hinges on one simple truth: jobs come from growth, and growth comes from political choices. This sharp discussion unpacks how policy, ideology, and global alignment are choking investment and costing livelihoods. Inside the ANC, paralysis, fear, and patronage block reform - despite clear evidence of what works…
10 Apr 9AM 32 min

Roy Tilley: The municipal "Rates Randage Monster" strangling South Africa's property owners

Durban businessman Roy Tilley says a deeply flawed municipal rates formula is pushing property owners and small businesses toward a financial breaking point. In this interview, the Queensmead industrial property owner explains why he believes ever-rising rates are becoming impossible to absorb, hurting tenants, jobs and investment, and argues that…
10 Apr 9AM 20 min

BNC#8: Magnus Heystek Q&A - The brutal truth about South Africa’s financial future

A sharp, no-holds-barred conversation on South Africa’s financial reality - rising offshore limits, shrinking property values, and the struggle for economic revival. From Johannesburg’s decline to gold’s surge, and investor psychology to policy failures, this discussion cuts through the noise. It’s a candid look at risk, resilience, and the tough…
10 Apr 6AM 34 min