Ghana emerged as the leading gold producer in the entire African continent, pushing South Africa to second spot. It must be noted that South Africa had been the undisputed leader in global gold production for more than a century. Rising costs, prolonged labor strikes and geological challenges have impacted gold production in South Africa. Many leading miners have been either shifting their focus to other countries or diversifying into other precious metals. Consequently, the country is currently witnessing huge output contraction. The miners who have already announced reduced operations in South Africa include ... (full story)