SOURCE: Industrial Info Resources

Industrial Info Resources

March 16, 2011 07:20 ET

South Africa Considers Ultra-Deep Mining as Gold Production Reaches 100-Year Low, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - March 16, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In 2010, South Africa's gold production was at a lower level than it had been 100 years earlier. Although the country's mining majors such as AngloGold Ashanti (NYSE:AU) (Johannesburg), Gold Fields Limited (NYSE:GFI) (Sandton, South Africa) and Harmony Gold Mining Company Limited (NYSE:HMY) (Randfontein, South Africa) are actively developing gold projects in foreign countries, there are plans to mine at levels 5,000 meters below the surface to tap into rich seams of gold in South Africa.

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