South African gold on final deathwatch

http://mineweb.co.za/mineweb/view/minewe...



South African gold on final deathwatch as top grade scientist finds residual gold is more than 90% less than claimed

JOHANNESBURG  -

The apparent bottom line in a paper published in the South African Journal of Science is that South Africa's gold industry is on
final deathwatch, despite claims of massive existing below-ground reserves. Chris Hartnady, research and technical director of
 Cape Town earth sciences consultancy Umvoto Africa, has found that South Africa's Witwatersrand goldfields are around 95% exhausted,
 and anticipates that production rates should fall permanently below 100 tonnes a year within the coming decade.