- Witwatersrand basin
The Witwatersrand Basin is a geological region in
South Africa that hosts the world's largest reserves ofgold with production of over 1.5 billion ounces of gold. Situated in the heartland of the South African gold mining industry, the basin is a large area of gold-bearing reefs that stretches from forty miles east ofJohannesburg to ninety miles west, then swings southwest intoFree State province.Nearly half of all the gold ever mined has come from the extensive Witwatersrand Basin that was first found near
Johannesburg in 1886. The gold occurs in reefs, or thin bands, that are mined at depths of up to 10,000 ft (3,050 m). The Savuka mine is the world's deepest gold mine at 3,777m (12,391ft) [http://www.gold.org/value/markets/supply_demand/mine_production.html] . Although many of the older mines are now nearly exhausted, the Witwatersrand Basin still produces most of South Africa's gold and much of the total world output.Silver andiridium are recovered as gold-refining byproducts, and the basin also hascoal mines , although they are bit players in the overall mining of the Basin.Witwatersrand (meaning 'white water ridge' in
Afrikaans ) is often called simply "the Rand," and is located in the Gauteng province (formerly a part ofTransvaal ) of South Africa.
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