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Additional cuts are to come across mines and towns in South Africa, once the worlds biggest producer of gold.

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In July 2018, Mineral Council of South Africa announced, 75% of mines in South Africa are now unprofitable due to decline in gold reserves. Among the nation's gold mines are two of the deepest mines in the world. The East Rand Mine, in Boksburg, extends to a depth of 3,585 metres (11,762 ft).

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South Africa now produces only 6 percent of the worlds gold, as recent exploration here has yielded little, while countries such as Brazil and Mongolia have found new deposits.

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South Africas Department of Mineral Resources, or DMR, holds a list of 6,000 quot;derelict and ownerlessquot; mines, which became the governments problem over the years when the former owners disappeared.

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Diamond and gold production may now be well down from their peaks, though South Africa is still no. 2 in gold but South Africa remains a cornucopia of mineral riches. It is the world's largest producer of chrome, manganese, platinum, vanadium and vermiculite. It is the second largest producer of ilmenite, palladium, rutile and zirconium.

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Over 50% of all gold reserves are found in South Africa, where the Witwatersrand holds the worlds largest gold reef deposit. In 2007, gold mining in South Africa employed over 240 000 people and accounted for R49 billion in foreign currency earnings.

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The Goldfields operated South Deep mine in South Africa is the second largest gold mine in the world. Lihir mine in Papua New Guinea is the third largest gold mine. Pueblo Viejo mine in the Dominican Republic is currently the world's fifth largest gold mine. Boddington mine in Western Australia is the sixth largest gold mine in the world.

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