Global Mining Supply World Gold Council

By 1970, it had reached 50 million ounces, primarily buoyed by exploration success, particularly in the Witwatersrand in South Africa. Over that 70 year period, South African mines generated approximately 45% of total gold mine supply and in 1970, they were responsible for 70% of the global total.

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Gold is generally extracted in open pit mines at 1 to 5 ppm (parts per million) but in certain cases, 0.75 ppm gold is economical. This was achieved by bulk heap leaching at the Peak Hill mine in western New South Wales, near Dubbo, Australia. Nickel, generally as laterite, is extracted via open pit down to 0.2%.

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