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Johannesburg: The city with 12.000 millionaires and the deepest gold MINE in the world at 3,84 km below the surface

Written by Bruno Teles
Published 19/12/2024 às 23:17
Johannesburg: The city with 12.000 millionaires and the deepest gold MINE in the world at 3,84 km below the surface
Johannesburg is located on the Witwatersrand Basin, a geological formation rich in gold deposits, formed about 2,7 billion years ago by sediments and hydrothermal activity. It is estimated that the region has produced more than 40% of the gold mined in the world to date, making it one of the largest global gold reserves.

The richest city in Africa, with 12.000 millionaires, two billionaires, the most luxurious square mile on the continent and the Mponeng gold mine, which reaches an impressive 3,84 km deep.

Did you know that Africa is home to one of the richest cities in the world? Johannesburg, South Africa, is not only the financial heart of the continent; it also holds the fascinating history of the world’s deepest gold mine.

Johannesburg's history began in the 1880s with the discovery of gold beneath the Witwatersrand hills. This discovery attracted thousands of fortune hunters and transformed the city into one of the largest economic centers in Africa.

The nickname “City of Gold” is not just a symbolic title. The city was built around gold mining, which still plays a vital role in the local economy today. The Witwatersrand Gold Rush put Johannesburg on the map, and its impact can still be felt today.

Sandton: Africa's richest square mile

The Sandton neighborhood is the ultimate symbol of Johannesburg's wealth. Known as “the richest square mile in Africa,” is where business and luxury meetThere, you will find high-end shopping centers, five-star hotels and exquisite restaurants.

Sandton is also home to the Johannesburg Stock Exchange (JSE), Africa's largest stock market. The region attracts large corporations and millionaires from around the world, cementing Johannesburg as a global financial hub.

The world's deepest gold mine: Mponeng

The Mponeng mine is the deepest in the world because it exploits gold deposits that lie more than 3,84 kilometers below the surface, where other operations cannot reach. This extreme depth is made possible by advanced drilling and temperature control technologies, essential to overcoming the intense heat and pressure underground.
The Mponeng mine is the deepest in the world because it exploits gold deposits that lie more than 3,84 kilometers below the surface, where other operations cannot reach. This extreme depth is made possible by advanced drilling and temperature control technologies, essential to overcoming the intense heat and pressure underground.

Just southwest of Johannesburg lies Mponeng, the world’s deepest gold mine, reaching an impressive 3,84 kilometers underground. Operating in this extreme environment requires advanced technology and rigorous safety measures, as temperatures at depths can exceed 60°C.

Despite the challenges, Mponeng remains one of the most productive mines in the world, with estimated reserves of over 46 million ounces of gold. This underground wealth is a reflection of the town’s economic potential.

Johannesburg is also a city full of soul and history. Places like the Apartheid Museum and Constitution Hill tell the story of the country, marked by struggles and victories. Soweto, with its vibrant streets, is a living testament to resistance and local culture.

With over eight million inhabitants, Johannesburg continues to grow. Sectors such as technology, manufacturing and finance drive its economy, while urban renewal projects work to overcome challenges such as inequality and crime.

Johannesburg is much more than the richest city in Africa. It it is a place where tradition and modernity coexist, where the history of gold blends with the vibrant culture of its people.

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Bruno Teles

I talk about technology, innovation, oil and gas. I update daily about opportunities in the Brazilian market. With more than 3.000 articles published in CPG. Agenda suggestion? Send it to brunotelesredator@gmail.com

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