SA to exhaust gold reserves in 38 years

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Cape Town – At 2013 production levels, South Africa's resources are being depleted at a steady rate, but for gold not so.

Statistics South Africa (Stats SA) said in its Environmental Economic Accounts Compendium 2013 output levels show SA will exhaust its proven platinum reserves in 239 years, coal in 118 years, and gold in 38 years.

A closer look at the rapidly decreasing importance of gold mining in SA shows gold production has come down by 57% for the period between 2003 and 2013.

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