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Mining of Gold and Uranium in South Africa 2017 - Research and Markets

DUBLIN, Jan 03, 2018 (BUSINESS WIRE) --

The "Mining of Gold and Uranium in South Africa 2017" report has been added to Research and Markets' offering.

Although South Africa is no longer the world's largest gold producer and is now ranked sixth in the world, the gold and uranium mining sector is one of the largest components of the domestic mining industry on the basis of employment and export earnings. During 2016, South Africa produced 165.6t of gold, exported 103.7t worth R60.6bn and employed 116,479 people. The country was the world's eleventh-largest producer of uranium in 2016 and it has reasonably assured uranium resources of 237,600t or 6.9% of the world total.

The current decrease in production has reduced gold's contribution to the country's economy. According to Statistics South Africa, gold contributed 3.8% to GDP in 1993, dropping to 1.2% in 2015. The issues contributing to the continued fall in production include the increasing depth of operations, continued declines in productivity, ageing infrastructure and falling gold grades. With increased travelling times for workers to reach work areas, the actual amount of time spent on production has diminished. Research conducted by the Chamber of Mines showed that if there is no substantial change in the mining methods used, local gold mining could cease in 2033. As a result, a modernisation plan comprising three stages is to be implemented by role players.

The Mining of Gold and Uranium describes current conditions, including the uncertainty that still exists in the regulatory environment, and discusses factors influencing the success of the industry.

Key Topics Covered:

Description of the Industry Size of the Industry State of the Industry Influencing Factors Competition SWOT Analysis Outlook Industry Associations References

Companies Mentioned

Anglogold Ashanti Ltd Birrell Mining (Pty) Ltd Central Rand Gold Ltd Drdgold Ltd Gold Fields Ltd Gold One International (Pty) Ltd Goliath Gold Mining Ltd Harmony Gold Mining Company Ltd Oakbay Resources and Energy Ltd Orion Minerals Nl Pan African Resources Plc Peninsula Energy Ltd Sibanye Gold Ltd Stonewall Resources Ltd Village Main Reef (Pty) Ltd White Rivers Exploration (Pty) Ltd

For more information about this report visit https://www.researchandmarkets.com/research/7l6nvq/mining_of_gold?w=4

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20180103005482r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20180103005482/en/

SOURCE: Research and Markets

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Related Topics: Uranium Mining, Gold and Silver Mining

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