SA gold miners on final deathwatch as scientist finds gold reserves more than 90% less than claimed

SA gold miners on final deathwatch as scientist finds gold reserves more than 90% less than claimed - "The apparent bottom line in a paper published in the South African Journal of Science is that South Africa's gold industry is on final deathwatch, despite claims of massive existing below-ground reserves. Chris Hartnady, research and technical director of Cape Town earth sciences consultancy Umvoto Africa, has found that South Africa's Witwatersrand goldfields are around 95% exhausted, and anticipates that production rates should fall permanently below 100 tonnes a year within the coming decade." More
- 11/21/09 | Item |

- Visit GoldReview.com -

The content on this site is protected by U.S. and international copyright laws and is the property of GoldReview.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldReview.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information

Disclaimer

The views contained here may not represent the views of GoldReview.com, its affiliates or advertisers. GoldReview.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldReview.com, is strictly prohibited. In no event shall GoldReview.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.