Mining industry of South Africa - Wikipedia
In July 2018, Mineral Council of South Africa announced, 75% of mines in South Africa are now unprofitable due to decline in gold reserves. Among the nation's gold mines are two of the deepest mines in the world. The East Rand Mine, in Boksburg, extends to a depth of 3,585 metres (11,762 ft).South Africa’s gold industry, like its economy, is,,South Africa’s formal gold sector still churns out about $4 billion in revenue every year. Along with platinum, coal and iron ore, it’s an important part of the economy.Which Country is the World's Largest Producer of Gold,,Prior to China grabbing the top spot, South Africa used to be the world's largest production of gold. However, increased complications and costs linked to gold mining in South Africa has caused gold production in the country to decrease. South Africa is now the world's sixth largest producer.