Workers strike gold at SC mine, more jobs expected - wistv.com - Columbia, South Carolina

Workers strike gold at SC mine, more jobs expected

Source: WBTV Source: WBTV

KERSHAW, SC (WBTV) - For the third time in four months, gold has been found at what was once a nearly-defunct gold mine in Kershaw.

Romarco Minerals, the company which purchased the Haile Gold Mine in 2007, says nearly 40 additional meters of gold where found at the mine.

Jim Arnold, Senior Vice-President and COO of Romarco Minerals, said the gold discovery was in a different location than the first two discoveries.

In late April, more than 60 meters were found, and nearly 90 meters were discovered several weeks later in June.

The gold mine has been in operation since the late 1800's, but ownership has changed hands several times within the last hundred years.

During the 1990s, miners thought they had removed the last of the gold at the mine, but the new owners said prior gold-digging operations barely scratched the surface.

The location where the new gold has been found is in an area that was once mined and thought to be ‘dried up.'

Arnold, however, says the crews continued drilling deeper to see if there was any new gold when they made the new find.

"It's big, it's one of the more significant discoveries we've seen in our business in the last 10 years," Diane Garrett, President and CEO of Romarco Minerals, said in April.

Officials believe there are about 4 million ounces of gold in the ground. With gold prices more than $1,100 an ounce, these new finds could translate into much-needed jobs for the local economy.

The new gold find means more new jobs will be coming to the area, but officials haven't commented on exactly how many jobs will actually be created.

Nearly 800 new jobs will come to the mine in the summer of 2011 when the company breaks ground on a new mill to mine the gold.

At least 500 people will be needed to construct the mill. It will take an additional 250 people to run the mill once it is operational, plus, more than 40 new contractors.

Garrett says it will cost an estimated $300 million to dig and process the gold ore.

Arnold said since the new gold find is in a new hole, additional workers will be needed.

If everything stays on schedule, company officials say the Haile Gold Mine operation would pour its first gold brick as soon as 2013.

Once the mine is up and running at full capacity, Garrett predicts it could be in operation for up to 25 years and generate about $30 million in revenue for the county, annually.

Copyright 2010 WBTV. All rights reserved.

  • South Carolina news on WIStv.comNEWSMore>>

  • Microsoft uncovers more Russian hacking ahead of midterms

    Microsoft uncovers more Russian hacking ahead of midterms

    Tuesday, August 21 2018 12:25 AM EDT2018-08-21 04:25:35 GMT
    Tuesday, August 21 2018 12:17 PM EDT2018-08-21 16:17:46 GMT
    (AP Photo/Altaf Qadri, File). FILE - In this Nov. 7, 2017, file photo, a man is silhouetted as he walks in front of Microsoft logo at an event in New Delhi, India. Microsoft says it’s uncovered new Russian hacking attempts targeting U.S. political grou...(AP Photo/Altaf Qadri, File). FILE - In this Nov. 7, 2017, file photo, a man is silhouetted as he walks in front of Microsoft logo at an event in New Delhi, India. Microsoft says it’s uncovered new Russian hacking attempts targeting U.S. political grou...

    The hacking attempts mirror similar Russian attacks ahead of the 2016 election, which U.S. intelligence officials have said were focused on helping to elect Republican Donald Trump to the presidency by hurting his Democratic opponent, Hillary Clinton.

    More >>

    The hacking attempts mirror similar Russian attacks ahead of the 2016 election, which U.S. intelligence officials have said were focused on helping to elect Republican Donald Trump to the presidency by hurting his Democratic opponent, Hillary Clinton.

    More >>
  • AP sources: Prosecutors preparing charges against Cohen

    AP sources: Prosecutors preparing charges against Cohen

    Monday, August 20 2018 1:18 PM EDT2018-08-20 17:18:18 GMT
    Tuesday, August 21 2018 12:15 PM EDT2018-08-21 16:15:04 GMT
    (AP Photo/Richard Drew, File). FILE - In a Monday, July 30, 2018 file photo, Michael Cohen, formerly a lawyer for President Trump, leaves his hotel, in New York. Attorney Barbara Jones revealed in a letter filed Thursday, Aug. 9, 2018, in Manhattan fed...(AP Photo/Richard Drew, File). FILE - In a Monday, July 30, 2018 file photo, Michael Cohen, formerly a lawyer for President Trump, leaves his hotel, in New York. Attorney Barbara Jones revealed in a letter filed Thursday, Aug. 9, 2018, in Manhattan fed...

    Two people familiar with the federal investigation of Michael Cohen say prosecutors are preparing criminal charges against the former Donald Trump lawyer that could be brought before the end of the month.

    More >>

    Two people familiar with the federal investigation of Michael Cohen say prosecutors are preparing criminal charges against the former Donald Trump lawyer that could be brought before the end of the month.

    More >>
  • FLASHBACK: Remember when the total solar eclipse took over SC?

    FLASHBACK: Remember when the total solar eclipse took over SC?

    Tuesday, August 21 2018 10:13 AM EDT2018-08-21 14:13:10 GMT
    This time last year, most of us were getting ready to see something phenomenal - the total solar eclipse. (Source: CNN)This time last year, most of us were getting ready to see something phenomenal - the total solar eclipse. (Source: CNN)

    This time last year, most of us were getting ready to see something phenomenal - the total solar eclipse. 

    More >>

    This time last year, most of us were getting ready to see something phenomenal - the total solar eclipse. 

    More >>
Powered by Frankly