Despite sizeable gold reserves and high-grade orebodies, South Africa’s gold production has stagnated in recent years, with figures from the World Gold Council showing that the country’s gold production, which amounted to an estimated 167.10 t in 2016, remained virtually the same as the 167.20 t produced in 2015. This has positioned South Africa as the seventh-largest gold producer in the world, a position where some have speculated it is likely to remain.
In this context, Creamer Media’s Gold 2017 report reviews the global gold market, with a particular focus on the South African gold sector, including issues, such as supply, labour, and electricity shortages, which are affecting the sector. It also reviews the major and smaller mining companies with operations in South Africa.
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