2015-03-13 — mining.com
Statistics South Africa newly released data says gold production during the last three months was down 5.9%. From Nov 2014 to Jan 2015 the seasonally adjusted base was 74.4 compared to 79.1 that was produced from Aug 2014 to Oct 2014.
The drop is not a blip but part of a larger trend that goes back several decades, writes an analyst for the statistics agency... The analyst warns that depletion rates says gold resources will be exhausted in just 33 years and if the estimates hold true the country will take "on a much reduced role on the global gold mining stage."
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