Gold mining most costly in South Africa

ArticleMining sectorJanuary 29, 2018 - 3:52:10 AM

The rising cost of mining gold in SA underpinned the decision by AngloGold Ashanti and Gold Fields to sell their South African asset.

Out of the world’s gold producing areas, SA retained the unenviable spot as the most expensive place to mine the metal after the biggest increase in costs.

The rising cost of mining gold in SA underpinned the decision by AngloGold Ashanti and Gold Fields to sell their South African asset base down to the bare minimum and turn their attention to offshore investments...

Source:businesslive.co.za

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