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Gold mining in South Africa South Africa's gold industry - rising again After more than a century of gold mining in South Africa, the US Geological Survey’s latest estimate still ranks South Africa as the custodian of the world's second largest gold resources at 6,000 tonnes second only to Australia.

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South Africa’s formal gold sector still churns out about $4 billion in revenue every year. Along with platinum, coal and iron ore, it’s an important part of the economy.

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During 1966 Gold Fields of South Africa undertook a joint programme subsidiary, Ore Sorters, to develop photometric sorters the prevailing gold price of $35 an ounce and prevailing crushing plant was designed to screen at 32 mm and.

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The gold prices used in this table and chart are supplied by BullionDesk. Where the gold price is presented in currencies other than the US dollar, it is converted into the local currency unit using the foreign exchange rate at the time (or as close to as possible).

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The price of palladium reached 13-year highs above $900 an ounce in September 2014 after a gruelling 20-week strike by South African workers and amid rising tensions with Russia.

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