SA gold miners on final deathwatch as scientist finds gold reserves more than 90% less than claimed | WHAT REALLY HAPPENED


SA gold miners on final deathwatch as scientist finds gold reserves more than 90% less than claimed

The apparent bottom line in a paper published in the South African Journal of Science is that South Africa's gold industry is on final deathwatch, despite claims of massive existing below-ground reserves. Chris Hartnady, research and technical director of Cape Town earth sciences consultancy Umvoto Africa, has found that South Africa's Witwatersrand goldfields are around 95% exhausted, and anticipates that production rates should fall permanently below 100 tonnes a year within the coming decade.

Tags:

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA