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Mining of Gold and Uranium in South Africa 2015

  • March 2015
  • 79 pages
  • Who Owns Whom
Report ID: 2998215

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As at March 2015 South African gold production figures were only available for the first three-quarters of 2014 but, projected over the full year, these statistics indicate a continuation of the country’s steady production decline over the past four decades. Although Uranium is mined as a by-product of the gold mining process, latest production figures show that South African uranium output is exceeding 500mtpa, making the country the 12th largest uranium producer, contributing 1.1% to global production.

While South Africa holds 40% of the world’s gold deposits and 8% of uranium reserves, rising costs, especially electricity and extraction, the dangerous depth of the deposits and labour unrest, have led to inefficient and declining production. This report focuses on the efforts of the gold mining industry to meet these challenges and to reverse the continuing decline in gold production.

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