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Rand Refinery (Pty) Limited is the world's largest integrated single-site precious metals refining and smelting complex. It was established in 1920 to refine gold within South Africa, which had previously been refined in London.
In 1921, the world's largest gold refinery, the Rand Refinery, was established at Germiston. Seventy percent of the western world's gold passes through this refinery. Although gold mining gradually wound down in Germiston, to the point that by the end of the 20th century it was no longer a mining centre, the Rand Refinery remains as busy as ever.
The name "South Africa" and the gold content are inscribed in both Afrikaans and English (as can be seen on the pictures of the coin). The word "Krugerrand" is a registered trademark owned by Rand Refinery Limited , of Germiston .
The ownership of South Deep has now devolved to Gold Fields, and the deposit is still being developed as one of the largest low-grade gold deposits in the world. In 1995 the majority shareholder, Anglo American Corp, decided to offer JCI to the new political dispensation in South Africa as a Black Economic Empowerment vehicle.
There are tens of thousands of illegal miners in South Africa, with Mr Van Wyk saying they number about 36,000 alone in Gauteng province - the country's economic heartland, where gold was first ...
This list of mines in South Africa is subsidiary to the list of mines article and lists working, defunct and future mines in the country and is organised by the primary mineral output. For practical purposes stone, marble and other quarries may be included in this list.
The mine employed 3,850 people. It was the deepest mine in the world until 2008 at 3,585 metres depth, slightly more than the TauTona mine, also in South Africa, which was 3,581 metres at the time (in 2008 the TauTona mine completed a digging project that extended the depth of the mine by several hundred metres.) [1] The mine closed in 2008.
South Africa mined gold production, 1940–2011. South Africa accounted for 15% of the world's gold production in 2002 [23] and 12% in 2005, though the nation had produced as much as 30% of the yearly world output as recently as 1993. Despite declining production, South Africa's gold exports were valued at US$3.8 billion in 2005. [24]