THE enigma concerning Gold Fields is this: how come a group with roots going back a century in deeplevel gold mining in South Africa can be so successful ...
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In many ways, South Africa's political, social and economic landscape has been dominated by mining, given that, for so many years, the sector has been the mainstay of the South African economy. Although gold, diamonds, platinum and coal are the most wellknown among the minerals and metals mined, South Africa also hosts chrome, vanadium, titanium and a number of other lesser minerals.
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South Africa's South Deep Gold Mine is the second largest gold mine and the seventh deepest mine in the world. Image courtesy of Gold Fields. Head gear attached to the ventilation shaft at the South Deep gold mine. Image courtesy of Gold Fields. The processing plant has a capacity of 220,000t of ore per month. Image courtesy of Gold Fields.
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The rate of growth in global gold mine production has been slowing and mine supply is expected to record its first yearly decrease since 2008 in 2016. The lower mine supply is likely to continue for several years, owing to a thinning global project pipeline, with most projects in the pipeline for 2016/17 being small or mediumsized projects.
Economic activity in modernday South Africa has been centred on mining ... the mainstay of the South African economy. Although gold, ... Media releases ...
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Completed in 2002, the Avgold gold mine processing facility was the first large grassroots gold mine built in South Africa in 20 years.
South Africa has abundant mineral resources, accounting for a significant proportion of world mining and reserves, including gold, platinum and manganese.
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