South Africa Gold-Mining Companies Pay High Price to Keep .
South Africa - South Africa - Gold mining: Prospectors established in 1886 the existence of a belt of gold-bearing reefs 40 miles (60 km) wide centred on present-day Johannesburg. The rapid growth of the gold-mining industry intensified processes started by the diamond boom: immigration, urbanization, capital investment, and labour migrancy. By 1899 the gold industry attracted investment worth .Gold Fields has proudly operated in South Africa since 1887, when Cecil John Rhodes and Charles Rudd formed Gold Fields of South Africa. In 1932, the company began mining the mineral-rich West Rand, where it discovered high-yielding gold deposits. A merger between Gold Fields of South Africa and Gencor in 1998 led to the formation of Gold .