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South Africas biggest gold producers and mining unions start wage talks Wednesday against the backdrop of stark declines in the industry that was once the worlds largest.
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Gold mining is the resource extraction of gold by mining. In 2018, China claimed to be the world's largest gold producer with 455 Metric tons and after that, its come to Australia and South Africa on 7th number. Due to the high production of gold, the demand for gold mining equipment
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South Africa accounted A percentage of 15% of the world's gold production in 2002 and 12% in 2005, though the nation had produced as much as 30% of world output as recently as 1993. Despite declining production, South Africa's gold exports were valued at $3.8 billion USD in 2005.
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