The Witwatersrand Basin is a largely underground geological formation which surfaces in the Witwatersrand, South Africa. It holds the world's largest known gold reserves and has produced over 1.5 billion ounces (over 40,000 metric tons), which represents about 50% of all the gold ever mined on earth. The basin straddles the old provinces of Transvaal and the Orange Free State, and consists of a 5000–7000 m thick layer of Archean, mainly sedimentary rocks laid down over a period of about 260 million years, starting about 3000 million years ago. The entire series of rocks, known as the “Witwatersrand Supergroup’’ consists of quartzites, banded ironstones, mudstones, tillites, conglomerates and some marine lava deposits. Most of the basin is deeply buried under younger rocks, but outcrops occur in Gauteng, the Free State, as well as in some of the surrounding Provinces. The outcrop in Gauteng forms the Witwatersrand ridge, from which the basin and its rocks derive their name. It was on the southern portion of this ridge that gold was first discovered on the farm Langlaagte in 1886, 5 km west of Johannesburg. Since this gold was embedded in a conglomerate, it was first assumed that this was alluvial gold in an old riverbed, that had been tilted as a result of earth movements. However, when it was found that, traced downdip, the conglomerate was not merely developed for the narrow width of a river, but continued in depth, there came the realisation that this conglomeratic zone was part of a sedimentary succession. The conglomerate was quickly traced east and westward for a total continuous distance of 50 km to define what became known as the “Central Rand Gold Field”.
It has since been established that the rocks that make up the Witwatersrand Ridge dip downwards and southwards to form the largely underground “Witwatersrand Basin” which covers an elliptical area with a 300 km long major axis from Evander in the north-east to Theunissen in the south-west, and 150 km wide stretching from Steynsrus in the south-east to Coligny in the north-west, with a small subsidiary basin at Kinross. Gold occurs only along the northern and western margins of this basin, but not in a continuous band. The gold bearing rocks are limited to 6 sites where Archean rivers from the north and west formed fan deltas, with many braided channels, before flowing into the “Witwatersrand Sea” to the south, where the earlier sediments that form the older rocks of the Witwatersrand Supergroup had been deposited. Some of these gold bearing fan deltas are now at depths of 4 km below the surface. Although many of the older mines, around Johannesburg, are now nearly exhausted, the Witwatersrand Basin still produces most of South Africa's gold and much of the total world output. Silver, uranium, and iridium are recovered as gold-refining by-products.