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gold mining industry in south africa major challenges

gold mining industry in south africa major challenges

In addition to the global challenges, the South African gold mining industry has to face challenges that are unique to the country. Deloitte (2014) stated that even though mining companies are not strangers to commodity price volatility, the impact on the mining industry has recently been severe owing to declining economic growth in China

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  • Gold - Minerals Council South Africa

    Gold - Minerals Council South Africa

    Gold sales increased by 3.7% at R72.6 billion in 2019 (R70 billion in 2018) Gold production decreased to 101.3 tonnes in 2019 (117 tonnes in 2018) At the current gold price more than half of the South African gold mining industry is marginal; South African gold only accounts for 4.2% of global gold production

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  • v116n4a2 Sub-standard practices: effects on safety

    v116n4a2 Sub-standard practices: effects on safety

    remain a challenge in the South African gold mining industry. The purpose of this study was to investigate the root causes of sub-standard practices and the effect on safety performance in South African gold mines. The focus of the study was on the underground production operations at a gold mine in the Free State

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  • ECONOMICS OF MINING - Minerals Council South Africa

    ECONOMICS OF MINING - Minerals Council South Africa

    South African mining GDP increased to R304 billion in 2016 from R284 billion in 2015 in actual (or nominal) rand value. The largest contributors to mining GDP were the coal, PGMs and gold sectors, which contributed 25%, 22% and 16%, respectively. The challenges faced by the mining sector in South Africa continue unabated

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  • Five common challenges facing the mining industry

    Five common challenges facing the mining industry

    Five common challenges facing the mining industry. The mining industry comes with its fair share of challenges; from scarce resources to uncertainty around commodity prices, miners are always looking at ways to overcome barriers to stay competitive. Below we explore 5 challenges currently facing the industry. 1. Access to Energy

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  • Risks and opportunities for mining

    Risks and opportunities for mining

    Gold Corporation’s merger with Randgold, an Africa-focused gold mining company, in a share-for-share deal valued at US$6.5 billion.6 The deal closed in January 2019 and set Barrick up to be the industry-leading gold company until Newmont announced its proposed US$10 billion acquisition of Goldcorp. The market’s reaction to these mergers and

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  • Metals & Mining Insights | McKinsey & Company

    Metals & Mining Insights | McKinsey & Company

    Jul 07, 2021 April 11, 2019 – How the energy, mining, and materials industries can meet the unique challenges of protecting themselves in a digital world. Report Putting the shine back into South African mining: A path to competitiveness and growth

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  • Fighting corruption in mining poses tough challenges

    Fighting corruption in mining poses tough challenges

    Dec 05, 2017 The countries included major mining economies such as Australia, Canada and South Africa as well as emerging ones like Cambodia and Kenya, among others. Watch video 03:03 Share

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  • Mining industry affected by escalating social, economic

    Mining industry affected by escalating social, economic

    Nov 28, 2011 The global mining industry is facing intensifying social, economic and political challenges, which means companies must incorporate more complex scenarios into their strategic planning, says a new

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  • The Biggest Industries In South Africa - WorldAtlas

    The Biggest Industries In South Africa - WorldAtlas

    May 16, 2018 The Mining Sector . The mining sector in South Africa produces a number of raw natural resources, the vast majority of which are exported. Some of the primary products extracted and exploited by the mining sector include: gold, platinum, diamonds, uranium, chromium, zirconium, and

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  • A history of mining in South Africa (ZA)

    A history of mining in South Africa (ZA)

    Today, the mining industry remains one of the biggest contributors to the country’s economy with an estimated worth of R20.3 trillion (US$2.5 trillion). It is the world’s fifth largest mining sector in terms of gross domestic product (GDP), contributing eight percent to South Africa’s GDP

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  • South Africa - Gold mining | Britannica

    South Africa - Gold mining | Britannica

    South Africa - South Africa - Gold mining: 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. By 1899 the gold industry attracted investment worth

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  • SOUTH AFRICA: HORIZONTAL LINKAGES

    SOUTH AFRICA: HORIZONTAL LINKAGES

    Export Opportunities for South Africa’s Capital Goods Industry.” Sandton: IDC of South Africa Ltd. range of minerals—led to further specialization and spinoffs from mining activities.5 Currently, South Africa is a world leader in a host of mining equipment products. These include spirals for washing coal, water pumps, hydropower, tracked

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  • Mining in South Africa after COVID-19 pandemic passes

    Mining in South Africa after COVID-19 pandemic passes

    Sep 07, 2020 Any prediction of the industry’s future must inevitably consider the impact of the Covid-19 pandemic globally, but must also consider what transpired over the past quarter of a century since the dawn of our democracy. In the mid to late 1990’s, mining was controlled by approximately seven large mining groups. They operated like mini

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  • Challenges Facing the South African Gold Mining Industry

    Challenges Facing the South African Gold Mining Industry

    Perhaps the greatest concern now facing the gold industry is the degree and rapidity of shrinkage in personnel. Chart 3 reveals that, over a twenty-year period since 1984, the number of unskilled personnel employed by the South African gold mining industry has fallen from 450,000 to 130,000 due to restructuring in the sector

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  • Mining in South Africa: The Challenges and Opportunities

    Mining in South Africa: The Challenges and Opportunities

    Mining in South Africa: the challenges and the opportunities 2 September 2016 18 • Non-gold mining sector can grow at 3-5% pa, resulting in more balanced country growth rate (double size of non-gold mining by 2028). • If mining had grown at same pace as rest of economy between 1994 and 2013, country’s growth rate would have been 4% (not 3.2%)

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  • Challenges faced by the South ... - Mining Review Africa

    Challenges faced by the South ... - Mining Review Africa

    Nov 17, 2014 The various challenges being faced by the South African Exploration and Mining Industry are generally summarised into 8 key challenges, namely: the global financial crisis, and the impact that this has had on global demand, regulatory and legislative uncertainty, infrastructure, ports, rails, water, roads and electricity

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  • Mining in South Africa: Industry challenges in 2020

    Mining in South Africa: Industry challenges in 2020

    Apr 04, 2020 The mining industry in South Africa is complex and extensively governed by legislation and controlled by regulation, yet still, there are several issues likely to raise challenges in 2020. These include proposed amendments to the regulations published in terms of the Mineral and Petroleum Resources Development Act, 2002 (MPRDA) relating to retrenchments, the publication of proposed

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  • Problems in the mining industry in South africa - ECDPM

    Problems in the mining industry in South africa - ECDPM

    Turok, B. 2013. Problems in the mining industry in South Africa. GREAT Insights, Volume 2, Issue 2. February-March 2013. Maastricht: ECDPM. The current turbulence in the mining industry in South Africa has its roots in several different factors. First, the fall in global demand for platinum and other minerals due to recession; second, the consequences of the Marikana disaster in destabilising labour

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  • (PDF) Key Challenges Facing The Mining And Minerals Sector

    (PDF) Key Challenges Facing The Mining And Minerals Sector

    PDF | On Jan 1, 2004, Daniel Limpitlaw published Key Challenges Facing The Mining And Minerals Sector In South Africa | Find, read and cite all the research you need on ResearchGate

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  • The South African Mining Industry The future The global mining industry Back to the “BOOM” RSA Coal Mining Sector Coal, key issues: –254.7 MT local production, R69 billion in sales in 2010. –Only 65.7mt exported in 2010 vs 70mt target. –Rail constraints big challenge. –RSA needs extra 100MT of coal production by 2020, +/- 75 MT

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