Gold Mining in South Africa

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No one would deny that South Africa is having the biggest gold reserve which nearly estimates around 40000 tons, in the whole wide world. Roughly South Africa, cradles 40-50 % of international gold reserve and may be for this immense reserve mining is deemed today one of the biggest industries flourishing in South Africa. The national economy of South Africa is depending largely upon it. Among all, Witwatersrand is popular for having largest and popular gold reserve in all around South Africa. It was a wonderful story, it dates back in 1867 when accidently a diamond was discovered alongside the edge of the Orange River. Natives along with foreigners rushed to the place the moment they received the news. It was not only the hunger to see the diamond but also to survey the place if there was any possibility lurking to make money. However thus the gold field was discovered and one flourishing industry came to surface. Lots of people today are connected to this industry.

fgdgHow mining is done

Gold mining is not entirely different a mining procedure and like copper or any other material gold mining is done. Number of diggers are involved in digging out gold day in and out and the gold is processed following a traditional manner. Right after digging, like copper and iron, gold is smelted in the furnace. Right after smelting the gold is used in producing jewelry or as barter for exchanging goods, however to know this field you need to be well aware about the stock exchange and none offers better information on Gold and stock as http://www.sagolds.com . This site is popular for authentic information. Because of its tedious nature, gold cannot be melted entirely rather there is limitation.

Gold in South Africa

The geological nature of South Africa is gold permissive and it is uniformly distributed but one needs to dig a lot for it is traceable in deep down low-grade ores. Conventional labor strategies had a noticeable drawback that is, involving this procedure, gold can be produced in little quantity. To triumph over this difficulty, gold mining was steadily shifted to complicated mechanical and compound techniques. In 1891, MacArthur-Forrest Cyanide procedure was found out for parting of gold from its ores.

Ownership shifted

Except for this, the geological details of subterranean reef mines are amazing. The thermal temperature exceeds over 50 degree Celsius and the rock gets harder. When the diggers goes down it is often unbearable to stay in such temperature. To cool down the mine water is required to pour in and that is too in immense measure. These days refrigeration system is also being introduced laborers breath in an air of relief. However this technique increased the production cost to a considerable extent.

Changing fate of gold mines

Gold mining was deemed to be a rich man’s enterprise. The moment mining began in South Africa, millions of people claimed forward for ownerships but the moment they realized that it was something expensive they sold out their mines to potential clients. Foreign agencies made immense investments in gold mining, where native ones were only destined to work as a laborer on exceptionally low wage.

This article is published on http://www.the-business-mag.com/