As gold demand rises, South Africa has opportunity to recover 30Moz of gold from dumps

With demand for gold currently off the charts, South Africa has a huge opportunity to recover gold from its surfeit of gold mine dump material at relatively high speed, a mining event in the Golden City heard on Tuesday. With gold supply only increasing 1.5% to 2% a year worldwide and being constrained, South Africa has the equivalent of a half a dozen gold mines in the form of tailings available for turning to positive account.