South Africa is the world’s #1 gold producer, but its production of gold, and as this data shows all minerals, has been on the decline for some time.
From the perspective of world mineral values, this would seem to augur tigher supplies (and higher prices?) going forward, but beyond that it would also appear to be a major headwind for South Africa — one of Africa’s brightest lights going forward.
And here’s the visual for total mining
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