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South Africa has slid from the world’s No. 1 goldproducing country to No. 8, as mining companies rack up losses and face rising costs and a mounting human toll.

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Gold mining is the resource extraction of gold by mining.. As of 2017, the world's largest gold producer was China with secondlargest producer, Australia, mined tonnes in the same year, followed by Russia with tonnes.

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Racist South Africa: Gold Mining Industry will Collapse South Africa’s 140yearold gold industry – which was once the world’s largest – is now facing a major crisis. The country’s mineral council says 75 percent of gold mines are unprofitable or barely making money.

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South Africa’s miners, gold and platinum in particular, are facing a toxic combination of weak metal prices, intensifying labour disputes and the increasing cost of everdeeper exploration.

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South Deep gold mine located 45km southwest of Johannesburg in the Witwatersrand Basin, South Africa, is the second largest gold mine in the world. The managed mineral reserve at South Deep as of December 2012 stood at