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South Africa mined gold production, 1940–2011. South Africa accounted for 15% of the world's gold production in 2002 [23] and 12% in 2005, though the nation had produced as much as 30% of the yearly world output as recently as 1993. Despite declining production, South Africa's gold exports were valued at US$3.8 billion in 2005. [24]
That year, South Africa introduced three smaller coins containing 1 ⁄ 2, 1 ⁄ 4, and 1 ⁄ 10 troy ounce (15.6, 7.8, and 3.1 g) of gold. [9] Economic sanctions against South Africa for its policy of apartheid made the Krugerrand an illegal import in many Western countries during the 1970s and 1980s, with the United States, which had ...
In 1974, General Mining acquired a stake of 29.9% in the Union Corporation after a take-over attempt of the latter by Goldfields of South Africa. [ 3 ] : 236 Anglo American assisted General Mining in it purchase to forestall Gold Fields of South Africa expansion of its gold mining holdings.
The mine employed 3,850 people. It was the deepest mine in the world until 2008 at 3,585 metres depth, slightly more than the TauTona mine, also in South Africa, which was 3,581 metres at the time (in 2008 the TauTona mine completed a digging project that extended the depth of the mine by several hundred metres.) [1] The mine closed in 2008.
Pages in category "Gold mining companies of South Africa" The following 7 pages are in this category, out of 7 total. This list may not reflect recent changes .
The South Deep mine is one of the largest gold mines in the South Africa and in the world. [1] The mine is located in the north-east of the country in Gauteng . [ 1 ] The mine has estimated reserves of 81.4 million oz of gold .
DRDGOLD Limited (formerly Durban Roodepoort Deep Limited) is a South African gold producer and a specialist in the recovery of the metal from the retreatment of surface tailings. The company is listed on the New York [3] and Johannesburg [4] stock exchanges. Their financial year ends on 30 June.
In terms of the gold amounts recorded, this is where accounts differ and the legend of the Kruger Millions begins. Jan Smuts suggests after weighing and recording this data, the gold sent to Middelburg consisted of gold bars, unprocessed gold and approximately 100,000 ponds to the value of 750,000 pond or around 170,000 ounces.