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The country is a leading producer of precious metals such as gold and platinum, as well as of base metals and coal. It is the world's fourth-largest producer of diamonds. And experts believe there is still considerable potential for the discovery of other world-class deposits in areas that have yet to be fully exploited. South Africa's position as the world's largest gold producer - a position it held for over a century - was usurped by China in 2007. China's gold production for the year was estimated at 276 metric tons by London precious metals consultancy GFMS, and at 270 tons by the China Gold Association. South Africa, according to the Chamber of Mines of SA, produced 254 tons of the metal in 2007. Originally, the whole economy of South Africa was built on mining. The country is a leading supplier of a variety of minerals and mineral products that are exported to 87 countries. Each year, approximately 55 different minerals are produced from more than 700 mines, with gold, platinum, coal and diamonds dominating exports and revenue earnings. There are also important deposits of iron and copper.

Bibliographies "South Africa's Trade Relations." //South Africa.info.// 28 april 09. Big Media Publishers. Web. 28 April 10 [].

"Mining and Minerals in South Africa." //South Africa.info.// May 08. Big Media Publishers. Web. 28 April 10 [|www.southafrica.info/business/economy/sectors/mining.htm].



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