AngloGold Ashanti’s Savuka gold mine is situated in Gauteng, South Africa. The underground mine is the second deepest mine in the world, at a depth of nearly four kilometres. It produced 49,000oz of gold in 2011 at a cost of $864/oz. The mine is approaching the end of its productive life with majority of the …
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mining for African countries. We focus on gold mining, a significant sector in at least 34 African countries. Our point of departure in the paper is the well-documented reality that a large number of resource-rich African countries have benefited little from their resource endowments. This group includes many gold-producing countries.
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AngloGold Ashanti’s Savuka gold mine is situated in Gauteng, South Africa. The underground mine is the second deepest mine in the world, at a depth of nearly four kilometres. It produced 49,000oz of gold in 2011 at a cost of $864/oz. The mine is approaching the end of its productive life with majority of the …
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