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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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The Junior and Emerging Miners' Desk (JEMD) was inaugurated in 2018 and has become the voice for the developing mining sector of South Africa. Its key role is to support the Minerals Council's junior members through policy lobbying, providing advice, linking junior and emerging miners to networks, providing mentorship and disseminating ...
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Sources: Statistics South Africa, South African Reserve Bank, Minerals Council South Africa Mining gross domestic product: 2010-2020 Rand million (2010=100) Share of GDP (%) 0 48,000 ... Statistics South Africa, Minerals Council South Africa Source: World Bank Commodities Outlook, October 2020 Sources: Statistics South Africa, South …
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The Mineral and Petroleum Resources Development Act ("MPRDA") eliminated private ownership of mineral rights and vested ownership of minerals and petroleum in the people of South Africa under the custodianship of the state. Under the MPRDA, mining and production rights are governed by state permits.
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Some of these damages in sub-Saharan Africa include abandoned pits and shafts in artisanal mining areas in West Africa, dumps from previous mining activities in South Africa, pollution of ground ...
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Labour and Mining Revolution 1886-1940s. The discovery of a diamond on a farm in the British controlled Cape Colony in 1867 and of gold in the Afrikaner "Boer" controlled Transvaal Republic transformed the agricultural-based economy into a segregated White-controlled capitalist industrial society and over the next two decades …
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In 2021, South Africa's estimated production of platinum totaled 130 metric tons. ... Mining, Metals & Minerals. Africa's leading mining companies based on market capitalization 2023.
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South Africa - Gold Mining, Economy, History: 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.
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A 'royalty' is the term used to describe the tax that is imposed in terms of the Royalty Act. In South Africa, the liability to pay royalties arises when mineral resources that have been ...
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The Washington Post via Getty Images. Illegal and unregulated artisanal gold mining on the Witwatersrand Basin, located south of South Africa's Gauteng province, is an increasing threat to ...
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The South African mining sector employed 458,954 in 2021.1 These make the mining sector a vital industry for the LRS to monitor. The rich data extracted from the LRS's …
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1 The MMSD project was sponsored by 31 mining companies and mining. service companies, two mining schools, two government departments, UNEP, the World Bank and the ICEM. KEY CHALLENGES ...
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The proceeds of South Africa's tremendous mineral wealth became concentrated in the hands of fewer and fewer people as time passed. In the Transvaal, gold mining followed the same pattern. As this labour- and capital-intensive industry rapidly expanded, so too did the demand for a cheap, large and disposable workforce. To the …
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THE MINERALS COUNCIL PUBLISHES FACTS & FIGURES POCKETBOOK 2022 South Africa's mine production value remains above R1 trillion …
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To promote and regulate the minerals and mining for transformation, growth, development and ensure that all South Africans derive sustainable benefit from the country's mineral …
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The minerals they mine, usually gold, are sold to local dealers within South Africa and, if large enough, to exporters. (Investors even fund the equipment for zama zama ventures in turn for a ...
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The South African mining industry has consistently increased the size of its workforce, from 406,994 in 2001 to 453,543 in 2018. This has led to a parallel increase in the tax paid by mining companies to the national government, from $1.21bn in 2010 to $1.56bn in 2018, according to the country's Minerals Council.
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Mining & Metals. S outh Africa's political, social and economic landscape was built by its mining sector. Although gold, diamonds, platinum and coal are the most well-known among the minerals and metals mined, South Africa also hosts chrome, vanadium, titanium and a number of other mined minerals. Mining in South Africa has been a contentious ...
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Founded: 1944. Headquarters: Johannesburg, South Africa. AEMFC is a state-owned mining company and a subsidiary of the Central Energy Fund. It is among the biggest mining companies in Mpumalanga. The company launched the Mpumalanga coal mining project in 2011, intending to produce 1.68 million tons of coal annually.
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The Africa Mining Vision (AMV) is a policy framework that was created by the African Union in 2009 to ensure that Africa utilizes its mineral resources. It calls for the "Transparent, equitable and optimal …
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Although gold, diamonds, platinum and coal are the most well-known among the minerals and metals mined, South Africa also hosts chrome, vanadium, titanium and a number of other lesser minerals. Key mining …
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As of 30 June 2023, there are seven iron ore mines operated by three different companies. The total reserve for these mines equates to 696.48Mt. At current production rates, this translates roughly into 13 years left of iron ore mining in South Africa. Of the total reserves detailed above, roughly 80% can be attributed to only two mines.
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It is the major electricity generation mineral, contributing about 59% of the nation's total primary energy supply in 2018. The six major producing coal in South Africa include Anglo Coal, BHP Billiton Coal South Africa (BECSA), Exxaro Resources, Glencore Xstrata Coal, Mining and Optimum Coal Holdings (OCH). 3.
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The Minerals Council South Africa today launched Facts and Figures 2021, an annual publication that provides in-depth data and insights into the status and …
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Gold mining, as the economic historians have long pointed out, powered South Africa's industrial revolution and domi. nated its economy for a century. Whether in terms of export earnings, employment of labor, stimulation of a wide range of. economic activity from coal mining to agricultural production, or tax revenue, gold was the driving force.
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Mining and mineral beneficiation plays a pivotal part in South Africa's economy. The country's mineral reserves are among the most valuable in the world. South Africa has the world's largest reserves of platinum …
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2023 has been another challenging year for the mining industry, including the South African mining industry. In South Africa, the challenges have been so multi-faceted and far-reaching that the mining industry has had to almost adopt crisis-mode management, and this has become the normalised way of managing South African mines.
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The South African mining sector can remain internationally competitive and support socioeconomic development only if it drives decarbonisation and adapts to the global shift in commodity demand ...
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Minerals and Mining in South Africa. Paul A. M. Nex & Judith A. Kinnaird. Chapter. First Online: 04 October 2018. 2130 Accesses. 5 Citations. Part of the book …
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South Africa's mine production value remains above R1 trillion despite logistics constraints. Warning lights are flashing. Cape Town, 6 February 2023. ... South Africa's mineral production achieved a fresh record high of R1.18 trillion in 2022, up from R1.1 trillion in 2021, which was the first time the industry topped the trillion rand ...
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