The fall of the gold giant South Africa

Posted | 28/08/2013 / Views | 1962
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South Africa’s mining union gave gold companies seven days on Saturday to meet demands of 60% pay rises or face strikes which will cost the country $35m/day and exacerbate the global gold shortage.  A picture paints a thousand words and the following graphs illustrate the decline of what was once the largest gold producer in the world.