After the throne of the first gold country in South Africa has been overtaken by China, what is it now?

Even in the early 21st century, South Africa still retained the throne of the first gold country, but after being overtaken by China in 2007, due to the factors such as industrial planning and backward infrastructure, the gold production in South Africa began in 15 years in the following 15 years. Steading sharply, not only has it been disappeared in the ranking of the world's top ten gold countries, but it is not even the largest producing country in Africa. At present, the gold production in South Africa has declined more than 60 % compared to the early 21st century.

When Golden O'Neal, the former chief economist of Goldman Sachs more than 20 years ago, was the first to propose the concept of the "BRICS country", emerging markets represented by China, Russia, Brazil and India are on the eve of the overall outbreak. These four representative countries also have extensive influence in the gold field. This not only includes the largest golden producer in Asia, Europe and Latin America, but also the world's largest gold consumer.

Ten years after the concept of the "BRICS" was proposed, the "BRICS" expanded it and pulled South Africa in. This not only covers the development of Africa, but also the gold content of the "BRICS" has also increased. After all, in the history of gold production, South Africa is a unique country. Not only does it maintain the status of the world's largest golden production country in the world for more than a century, but also more than half of the global gold in the heyday is from this country.

▲ BRICS (BRICS), because of its first spitors of Brazil, Russia, India, China (China), China (China), and South Africa. Because the word is similar to the brick (BRICK) of English words, it is called the "BRICS country"

The diamonds and gold proven in the 19th century laid the foundation for South Africa's development into a highly prosperous and well -operated country, so that South Africa has long been in the largest economy in Africa for a long time. Historian Martin Maredis described the important role of gold in the birth and development of this country in "Diamond, Gold and War: British, Boer, and South Africa.

Even in the early 21st century, South Africa still retained the throne of the first gold country, but after being overtaken by China in 2007, due to the factors such as industrial planning and backward infrastructure, the gold production in South Africa began in 15 years in the following 15 years. Steading sharply, not only has it been disappeared in the ranking of the world's top ten gold countries, but it is not even the largest producing country in Africa. At present, the gold production in South Africa has declined more than 60 % compared to the early 21st century.

The cliff -type atrophy of South Africa mining has provided more valuable experience for mining planning in other parts of the world.

For example, a report from the Witchidon of Credit Rating Agency has pointed out that the average per -hour income per hour is compared, and South Africa's mining rate is low. The country has continued to occur in the closure of, large -scale strikes and violence of major mines in the country, which has caused a series of suspension. South Africa's mining productivity has ranked fourth in the world, and now it has shrunk to the end of the world's major mining production countries.

The gold mining of South Africa is not as good as in the past. What is even more regrettable is that even so, gold -based metal commodities are still an important economic pillar of this country. According to the latest data from South Africa Reserve Bank, the total export of goods in 2021 was 1.8 trillion in South Africa Rand (about $ 121.5 billion), an increase of 28.8 % over 2020. This year, it is expected to further increase. Because the exports of South Africa will be supported by the rise in prices of major commodities such as gold, platinum, chromium, and manganese, these four metals account for nearly 30 % of South African exports.

In this year, South Africa's gold production is slowly recovering, and it is expected to increase by 1 % year -on -year, but the rise in gold prices will help increase its export revenue to a greater extent.

South Africa is still a "country on the mining car". For global golden landscapes, the importance of South Africa is no longer in the past, but for the economy of South Africa, gold is still the pillar of "fading".

- END -