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Investors are being sought for a gold mine in Dwaalboom South Africa Required funding at this stage is R300 000 Majority shares may be considered if the investor commits to funding the full project of about USD25 million

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Over 50 of all gold reserves are found in South Africa with the Witwatersrand Basin remaining the largest gold resource in the world In 1975 South Africa was responsible for producing 40 of the gold ever mined By 2010 however China affirmed its status as the world s largest gold producer with production of 324 tonnes of gold followed by Australia 222 8 tonnes and South Africa

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3 Aug 2017 South Africa 39 s Gold Fields sells Darlot mine in Australia for 15 million The sale of Darlot acquired by Gold Fields in 2013 is expected to

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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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Mining Fin24

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