GOLD: South Africa

This paper reviews the sources, production, and technology of gold in South Africa. First of all it details the geographical distribution of gold-bearing materials, together with the mineralogy and distribution of gold within those materials. It goes on to the geological origins, and to the discovery and early exploitation, of the gold deposits. The laws relating to the mining and disposal of the metal are explained, after which an outline is given of gold exploration, processing, and refining. The economics of gold production are discussed briefly, and it is concluded that, although present expertise in the financial and technological aspects of a gold-mining venture have largely reduced the risks involved, one severe risk remains: that the rate of cost inflation will not be matched by the rate of escalation in the gold price.