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Gold mining is a global business with operations on every continent, except Antarctica, and gold is extracted from mines of widely varying types and scale. At a country level, China was the largest producer in the world in 2023 and accounted for around 10 per cent of total global production.
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Mining in South Africa has been a contentious issue since 15-year-old Erasmus Stephanus Jacobs discovered South Africa's first diamond, the Eureka, in Hopetown in 1867. ... To date the Witwatersrand Basin, the largest gold resource in the world, has produced more than two billion ounces of gold. S S outh Africa is also rich in platinum ...
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The first recorded discovery of gold on the Witwatersrand was made by Jan Gerrit Bantjes in June 1884, on the farm Vogelstruisfontein, and was followed soon thereafter, in September, by the Struben brothers who uncovered the Confidence Reef on the farm Wilgespruit, near present-day Roodepoort.
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South Deep Gold Mine is a world-class bulk mechanised mining operation located in the Witwatersrand Basin, near Westonaria 50km south-west of Johannesburg, South Africa's commercial capital. The mine has been built to extract one of the largest known gold deposits in the world and boasts a mineral reserve of 38 million ounces.
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It was the last underground operation by AngloGold Ashanti in South Africa. Harmony Gold, South Africa's biggest gold producer, became the owner and operator of the Mponeng underground mine by acquiring AngloGold Ashanti's remaining South African assets in October 2020.
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South Africa's overall mining profits slipped by more than $5 billion in the last financial year. A new report says the country's once-dominant gold production industry might have less than 30 years of viability without renewed investment.
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South Africa - Gold Mining, Economy, History: Prospectors established in 1886 the existence of a belt of gold-bearing reefs 40 miles (60 km) wide centered on present-day Johannesburg. The rapid growth of the gold-mining industry intensified processes started by the diamond boom: immigration, urbanization, capital investment, …
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