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South Africa's gold industry, like its economy, is crumbling. Brithen Sibanda, left, and Nkosi Sibanda return to the nearby township after their shift underground in Roodepoort. (Graeme Williams/For The Washington Post) South Africa's formal gold sector still churns out about 4 billion in revenue every year.
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Fluor South Africa was awarded the design, construction, and commissioning contract for the Target Gold Project. Detailed design was carried out at Fluor's office in Perth, and responsibility for construction was transferred to the Fluor's site office at Free State, South Africa.
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South African output rises as AngloGold delivers at lower cost. The smaller South African footprint of gold mining company AngloGold Ashanti, consisting of one underground mine and one tailings treatment operation on surface, delivered impressive first quarter results with rising production and reduced rand denominated costs.
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Gold mining in South Africa South Africa's gold industry rising again After more than a century of gold mining in South Africa, the US Geological Survey's latest estimate still ranks South Africa as the custodian of the world's second largest gold resources at 6,000 tonnes second only to Australia.
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