Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery of the Kimberley pipes a few years later.
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Revenue from mining sales for the 2021 financial year for the platinum group metals (PGMs) sector reached R300.7-billion – double the R150.9-billion posted in FY 2020. Sales of iron ore hit R116-billion (+61% YoY), and R102.6-billion for gold (+26% YoY). Annual net profit of the mining sector increased to approximately R274 billion.
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· 01: Mponeng Gold Mine – 45.81MnOz. The Mponeng gold mine is the deepest in the world from ground level and at average depths of between 2,800m and 3,400m, the descent from the surface to the bottom of the mine takes over an hour. The mine is also one of the richest in the world, with ore grades of over 8 grams per ton and
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The Department of Minerals and Resources (DMR), has raised concerns around the Corporate Social Investment (CSI) and Local Economic Development (LED) programmes of mining companies. They have queried just how much-or how little, in their eyes-these corporates are devoting to economically and socially empowering South African
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Palabora Mine in Limpopo, was the largest copper-producing mine in South Africa, producing approximately 21,997 tonnes of copper and an estimated 8.6 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) in 2021. The Palabora Mine is owned by HBIS Group Co Ltd, and is due to operate until 2039. The second largest copper-producing
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African Sun Mining (Pty) Ltd, is a proudly South African, 100% Black-Owned, top opencast mining contractor, established in 2011. The aim is to develop and grow African Sun Mining (Pty) Ltd to be the best hard and soft rock mining company, both in South Africa and internationally, with a commitment to Zero Tolerance on Safety.
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Palabora Copper (Pty) Limited, a subsidiary of Palabora Mining Company Ltd,is a copper mine that also operates a Smelter and Refinery complex based in the town of Phalaborwa, in South Africa's Limpopo Province.
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Redpath Mining Africa continues to develop strategic partnerships with local companies to provide sustainable employment opportunities to the local workforce in the areas in which we operate. In 2019, Redpath Africa Limited and Thonket Mining Services, an opencast mining contractor, joined forces to form Redpath Thonket-a joint venture aimed at
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3 The Sector South Africa has the world's largest reserves of platinum group metals and manganese, along with some of the largest reserves of gold, diamonds, chromite ore, and vanadium. In 2022, the total revenue of the mining industry was ZAR 747 billion1, underscoring its potential to further contribute to economic development
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Mining. Sector Report 2023. Introduction. This report aims to provide detailed insights into the South African Mining sector, covering companies from sub-industries such as coal,
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· INTRODUCTION. In South Africa, the Mineral and Petroleum Resources Development Act 28 of 2002 (“MPRDA”), is the primary regulatory framework for the exploitation of mineral resources in
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· INTRODUCTION. In South Africa, the Mineral and Petroleum Resources Development Act 28 of 2002 (“MPRDA”), is the primary regulatory framework for the exploitation of mineral resources in South Africa. The MPRDA was established against the backdrop of the new Constitutional dispensation and came into force on 1 May 2004.
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AngloGold Ashanti is a global gold mining company with a diverse, high-quality portfolio of operations, projects and exploration activities across nine countries on four continents.
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· Platinum. According to GlobalData, South Africa is the world’s largest producer of platinum in 2022, with output down by 7.68% on 2021. Over the five years to 2021, production from South Africa increased by a CAGR of 0.89% and is expected to rise by a CAGR of 4% between 2022 and 2026. GlobalData uses proprietary data and
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by Adenike Adeodun January 30, 2024. The year 2023 proved to be an exceptionally demanding period for the global mining industry, with South Africa facing multifaceted and far-reaching challenges. These challenges have pushed the sector into a state of crisis-mode management, which has become the norm in the management of South African
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We are focused on building sustainable livelihoods in our host communities and on strengthening relationships to create synergies within Anglo American and with broader mining industry partners. Anglo American is a global mining company that mines a diverse range of products in South Africa i.e. platinum, thermal coal, diamonds, and iron ore.
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· Mining rights in South Africa are governed by specific requirements, regulations, and compliance obligations aimed at ensuring responsible and sustainable mining practices. Obtaining and maintaining mining rights requires compliance with various laws and regulations, including mineral resource and reserve assessments,
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Redpath Africa Limited is a key player in the pan-African mining sphere with its primary office in Johannesburg, South Africa. Lawrence Schultz, Managing Director of the company, has been working for Redpath for a
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Market: Open. A2X: EXXJ. 18 941 ZARc. 1.36% 21 May, 16:20 SAST. Our Business Strategy. Our Vision: To produce resources that Power a Clean World. Powering Better
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· Miners have continued to invest in projects in South Africa, with the largest increase identified in capital spending on assets year on year, from 18% in 2022 to 37% in 2023.”. – Andries Rossouw, PwC’s Africa Energy, Utilities and Resources Leader. Miners clearly continue to see value in the future and are investing in this.
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· In 2023, the total revenue of South Africa's mining industry was 654 billion South African rand (around 34.8 billion U.S. Skip to Leading South African mining companies based on market
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Palabora Copper (Pty) Limited, a subsidiary of Palabora Mining Company Ltd,is a copper mine that also operates a Smelter and Refinery complex based in the town of Phalaborwa, in South Africa's Limpopo Province. The mine owes its origins to a unique rock formation in the region known as the Palabora Igneous Complex. Learn More.
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African Rainbow Minerals (ARM) is a leading South African diversified mining and minerals company with operations in South Africa and Malaysia. ARM mines and beneficiates iron ore, manganese ore,
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· 7. Exxaro Resources – US$4.32 Billion. Exxaro is the largest and most diversified mining company in South Africa, with a range of competitively positioned products in thermal coal and iron ore. It is also involved in a number of exploration and development projects for energy, base metals and industrial minerals.
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· Mining off-take agreements are vital contracts in South Africa's mining industry, facilitating the sale and export of minerals or commodities to global markets. These agreements offer benefits to both mining companies and buyers, including a stable revenue stream, reliable supply, and long-term partnerships. However, they also require
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Harmony Gold Mining Company (South Africa) 3.52 Sibanye Stillwater (South Africa) 3.17 Impala Platinum Holdings (South Africa) 3.16 Northam Platinum (South Africa) 2.46 DRDGOLD (South Africa) 0.7
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· The mining sector's share in South Africa's economy has declined over the past 30 years, as has employment on the gold mines. Yet many new mining areas have developed. Mining growth has been driven primarily by platinum and coal, with iron ore and other metals contributing. Of South Africa's 39 ‘small’ or ‘secondary’ cities, 19 have or
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· After merging with domestic mining giant Billiton in 2001 the “Big Australian” spun off most of its South African assets into a new company called South32 New Tab , opens new tab in 2015.
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The primary South African sources of diamonds, including seven large diamond mines around the country, are controlled by the De Beers Consolidated Mines Company. In
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Redpath Africa Limited is a key player in the pan-African mining sphere with its primary office in Johannesburg, South Africa. Lawrence Schultz, Managing Director of the company, has been working for Redpath for a total of over 16 years. “After I left school in 1976, I was drafted into the South African military for two years,” Schultz begins.
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