Gold Price in South African Rand traded past R30,000 USDZAR at 10 am (CAT) Today, Friday 3rd April 2020 --------------------------------------- ( XAUZAR ) last seen at R30,264. (15.34 CAT Time) -------------------------------------- https://www.kitco.com/gold-price-today-south-africa/
So... what's your point? That's about USD1600... market price in USD. Is there some significance to the price in Rands?
South Africa may still have about 36 000 tonnes of gold still in the ground ? ------------------------------------------ The gold fields of the Witwatersrand Basin in South Africa is the largest single gold producing district in the world ? --------------------------------------------- It has produced some 2 billion ounces and may still have estimated reserves of some 1,161 billion ounces (36,000 tonnes) still in the ground ? (40% of the global total ) ----------------------------------------------- https://www.geologyforinvestors.com/largest-gold-deposit-world-witwatersrand-gold-fields/
South African Gold Mine moves towards underground mine development ? ----------------------------------------------- The Mine is gearing towards an increase in activity, to provide a solid foundation to build the South African Mine into a mid-tier gold producer, as the gold sector continues to strengthen ( Apr 16, 2020 ) ? --------------------------------- https://www.miningreview.com/southe...nts-md-to-drive-underground-gold-development/
Update on Large Precious Metals Refineries ? ------------------------------------ Rand Refinery of South Africa now refines over 75% of the gold mined on the African continent (excluding South Africa) ? --------------------------------------- The Precious Metals Refinery has refined over 50,000 tonnes of gold since it first opened in 1921, which is a staggering nearly one-third of all the gold ever mined ? ----------------------------------- The Metals Refinery’s has minted 60 million Krugerrands since 1967 and there Large Gold Bars are held widely by central banks across the world ? https://www.bullionstar.com/blogs/bullionstar/the-worlds-largest-precious-metals-refineries
Hi, Today news The South African rand firmed in afternoon trade on Monday as the government discussed new measures to contain the economic impact of the COVID-19 pandemic, while stocks dipped. On the other side, The Johannesburg Stock Exchange's Top-40 index .JTOPI dipped 0.55% to close at 44,797 points, while the All-Share index .JALSHweakened 0.58% to 48,850 points. Banking shares .JBANK fell 2.19%, with AbsaABGJ.J down 2.15% at 81.51 rand, and FirstRand FSRJ.J falling 1.96% to 36.93 rand.
South Africa is fast-tracking exploration in three provinces, in search of precious metals, rare-earth elements, minerals and base metals....12th May 2020 -------------------------- https://www.miningweekly.com/articl...africas-exploration-attractiveness-2020-05-12 -------------------------
South Africa Mining Output Grows 7% in February ? ----------------------------------- Mining production in South Africa rose 7 percent year-on-year in February of 2020, following a 7.5 percent surge in the previous month and beating market expectations ? ----------------------------- Output continued to advance solidly for gold (11.5 percent vs 4.9 percent); diamonds (25.5 percent vs 18.6 percent) ? ------------------------------------- metallic minerals (13.8 percent vs 10.8 percent) non-metallic minerals (12.7 percent vs 8.9 percent) ? .... 31 hours ago ---------------------------------------- https://tradingeconomics.com/south-africa/news