Africa

– South African gold production collapsed again in May – down 16% – South Africa production has collapsed 85% from 1,000 tonnes in 1970 to 145 tonnes – Long term, ongoing collapse appears to have deepened – Gold price suppression has destroyed gold mining in South Africa and rest of Africa, impacted African economies, jobs and people – 'Peak gold' or 'plateau gold' production is coming as seen in geological “challenges” while gold demand will remain robust “When these metal prices are suppressed, it actually badly impacts some of the key industries in South Africa. It impacts people's jobs and pensions and the livelihoods of individuals and families.  It is [...]

– South African gold production collapsed again in May – down 16% – South Africa production has collapsed 85% from 1,000 tonnes in 1970 to 145 tonnes – Long term, ongoing collapse appears to have deepened – Gold price suppression has destroyed gold mining in South Africa and rest of Africa, impacted African economies, jobs and people – 'Peak gold' or 'plateau gold' production is coming as seen in geological “challenges” while gold demand will remain robust “When these metal prices are suppressed, it actually badly impacts some of the key industries in South Africa. It impacts people's jobs and pensions and the livelihoods of individuals and families.  It is [...]