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Despite declining production, South Africa's gold exports were valued at US$3.8 billion in 2005. [24] As of end-2018, South Africa had a potential 6000 tonnes of reserves. [25] In July 2018, the Mineral Council of South Africa announced that 75% of mines in South Africa were now unprofitable due to the declining gold reserves. [26]
The GDP of South Africa contracted in the first quarter of 2014, pulled down by the steepest drop in mining production (25% of which 19% was directly attributable to the strike) in 50 years. [41] [42] It was the first contraction since 2009. [43] Workers, most of whom already lived in poverty, lost around 11 billion rands ($1 billion) in wages ...
African Rainbow Minerals Limited is a mining company based in South Africa. ARM has interests in a wide range of mines, including platinum and platinum group metals (PGMs), iron, coal, copper, and gold. [2] ARM's Goedgevonden coalmine near Witbank is a flagship of their joint venture with Xstrata, and produces 6.7 million tons of coal per year. [3]
This list of mines in South Africa is subsidiary to the list of mines article and lists working, defunct and future mines in the country and is organised by the primary mineral output. For practical purposes stone, marble and other quarries may be included in this list.
The gold rush saw massive development of Johannesburg and the Witwatersrand, and the area today is the prime metropolitan area of South Africa. One consequence of the gold rush was the construction of the first railway lines in this part of Africa. As a result of the rapid development of the goldfields on the Witwatersrand in the 1880s and the ...
The Xolobeni mine is a proposed titanium mine located in the Wild Coast region of the Eastern Cape of South Africa. The proposed mine has reserves amounting to 348.7 million tonnes of ore grading 5% titanium. The government decision to support the company's 2007 application for Mining Right was challenged by the Amadiba Crisis Committee (AAC ...
Jagersfontein Mine / ˌjeɪɡərzˈfɒnteɪn / was an open-pit mine in South Africa, located close to the town of Jagersfontein and about 110 kilometres (68 miles) south-west of Bloemfontein. [1][2] Since it was first established, [3][4] two of the ten biggest diamonds ever discovered, the Excelsior and the Reitz (now called the Jubilee), were ...
Number of employees. c. 20,000. Website. www.debeersgroup.com. The De Beers Group is a South African [3] -British corporation that specializes in the diamond industry, including mining, exploitation, retail, inscription, grading, trading and industrial diamond manufacturing. The company is active in open-pit, underground, large-scale alluvial ...