South African gold sector far from ‘dead’, despite dwindling output

From miningweekly.com

Although South Africa is now Africa’s second-largest gold producer, after Ghana, its gold mining industry still accounts for more than 21% of the continent’s total mined gold production, precious metals refining and smelting complex Rand Refinery CEO Praveen Baijnath tells Mining Weekly. Almost one-fifth of South Africa’s economy is dependent on the mining sector, with gold being a significant contributor.Market conditions are causing local gold mining majors to divest from or scale down their local assets to survive and instead invest in more favourable jurisdictions, such as Ghana. Notably, AngloGold Ashanti ... (full story)