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Precious Metals: South Africa tops in the world production of precious metals like platinum and gold. Of the total world production of platinum, nearly 65% has been coming from South Africa. Yet another platinum mine has been developed some time back. About 50 major and a dozen smaller mines produce more than 30 million troy ounces of gold per year which represents more than two thirds of the world supply. Some silver is also produced in South Africa. The Sights in South Africa differ from those in London and Lucerne. First of all, there are no syndicate brokers in South Africa; Sightholders deal directly with De Beers. Furthermore, the DTC offers almost exclusively locally mined rough to the South African Sightholders.