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South Africa - Gold and Diamonds - Soon after the European rush for gold and diamonds in the late nineteenth century, mining Gold mining companies Through 1991 most of South Africa's diamonds

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Gold ore grades steadily declined, from 13.3 grams per ton in 1970, to 4.5 grams per ton in 2000. Employment in the gold mines, meanwhile, declined to 197,500, from 416,800, and South Africa's world share of new mined gold …

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In the 1990s, the Chamber of Mines includes six major mining finance houses, with thirty-six gold mines, twenty-two coal mines, and sixteen diamond, platinum, antimony, asbestos, manganese, lead, and copper mines. Together they account for 85 percent of South Africa's mineral output.

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That ruled out most small miners, but other Europeans with access to capital invested in Rand gold mines, and the diamond moguls were never able to achieve the same level of control as they had at Kimberley. By 1889, the South African gold mines were controlled by 124 companies organized into nine "groups" based on their sources of financing.

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Diamond and gold production are now well down from their peaks, though South Africa is still number 5 in gold but South Africa remains a cornucopia of mineral riches. It is the world's largest producer of chrome, manganese, platinum, vanadium and vermiculite.

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Feb 24, 2015 · The Mineral Revolution in South Africa started with the discovery of diamonds in Kimberley in 1867, and intensified with the discovery of deep-level gold on the Witwatersrand in 1886. By the time that gold was discovered, African kingdoms had lost their independence.

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