Chinese investment in African mining
Estimates differ from source to source, but, by 2019, it is over $100bn. Africa has long been on China's radar. We can see this in the growth of inward cash flows between 2010 and 2011. The Commodity Discovery Fund, quoting figures supplied by CMA, reached $217bn – a year-on-year increase of $140bn. A report from the South African Institute ...
Diamond in South Africa
Diamond production in South Africa and major projects. According to GlobalData, South Africa is the world's fifth-largest producer of diamonds in 2022, with output up by 6% on 2021. Over the five years to 2021, production from South Africa increased by a CAGR of 0.09% and is expected to rise by a CAGR of 7% between 2022 …
Mining in SA: Then, now, and into the future
According to the Chamber, the entry-level wage in the platinum industry is about R6 500. However, following negotiations with some of the mining unions, lowest basic wages for underground workers on some of South Africa's major platinum and gold mines will rise from R8 000 to R11 000 by 2018. The minimum at Lonmin will rise to R11 700 ...
Minerals and Mining in South Africa | SpringerLink
The mineral wealth of South Africa has been exploited by Homo sapiens for at least 40,000 years and has provided many and varied commodities including gold, platinum and diamonds. This chapter provides a historical perspective on minerals and mining mainly in South Africa, although it does occasionally stray across the borders …
Investors | Connecting Leaders in African Mining | Mining Indaba
Did you know that the 2023 edition of Mining Indaba saw 470+ African junior miners and 700+ majors and mid-tiers attend and network during the 4 days inside the CTICC? They were able to meeting with 900+ global investors, totalling 75% in lucrative deals and 73% in promising investment prospects. With specific programme streams and meeting and ...
Platinum mines in the world's top producer are shrinking
Spot platinum traded at $949.18 per ounce at 8:21 a.m. in London. "This is bad news for the platinum miners," Georgette Boele, a commodity and currency strategist at the bank said by email ...
South Africa Country Note
The mining sector in South Africa In 2013, the mining sector accounted for 9% of GDP, 12% of total investment, 30% of merchandise exports and 8% of total non-agricultural employment (South Africa Chamber of Mines, 2014). The relative share of the mining sector has declined in the last 20 years for a number of reasons.
South Africa hit by investment strike, key mining employer says
Mining accounted for 4% of gross domestic product in 2022, employed about 476,000 people and generated 878 billion rand ($50 billion) of exports, according to the Minerals Council South Africa, a ...
New Technology Aims to Stop An Old Danger in South Africa's Mines
South African mining companies said such initiatives are worth exploring, but the price tag could be an issue. "The costs involved in these advanced new technologies, we have to make sure that it is feasible," said Jared Coetzer, head of investor relations for Harmony Gold, which manages eight underground mines in the country.
Platinum price grows due to infrastructure issues in South Africa
The price of platinum has risen amid concerns of a coming shortage of the metal. The concerns have been fuelled by mining troubles in South Africa, the world's largest platinum producer.Miners have predicted as much as a 15% contraction in output as a result of consistent power outages in the country, where up to 75% of the world's …
South Africa could do more for miners, says ILO mining specialist
South Africa could do more for miners, says ILO mining specialist. The killings of more than 30 workers in the Marikana platinum mine have put the spotlight on working conditions in South Africa's mining industry. GENEVA (ILO News) – South Africa has taken significant steps since the end of apartheid to address working conditions in …
Investment in mining crucial to ensure continued contribution to
Investment in the mining industry is crucial to ensure its continued contribution to the South African economy, says PwC in its thirteenth edition of SA Mine 2021, a series of publications that ...
Investors Looking for Mining Opportunities in Africa
Copper supply in Africa is dominated by the DRC, with 50 mining projects, and producing 1,5 Mt, and Zambia, with 55547 mining projects, and producing 950 000 tons in 2019. South Africa is a distant third, with 82 000 tons. Here is a breakdown of copper mining projects per country, according to project lifecycle:
South African platinum rebound to push market into …
A wall of platinum production from South Africa coming back online following covid-19 disruptions is expected to offset demand growth this year and push the market into surplus territory, new data ...
How does the mining industry in South Africa attract investment?
The South African mining industry employs 460 000 people. Image courtesy of I am still of a strong view that Anglo American, South32, Glencore and other multinationals operating in South Africa still feel at home here and they do see value in operating assets in this country. The mostly black-owned mining houses, which …
Explorer within striking distance of declaring maiden South African
JOHANNESBURG (miningweekly) – After investing just over R20-million on diamond exploration projects in South Africa, diamond exploration and …
Hazards identified and the need for health risk …
Although mining plays a prominent role in the economy of South Africa, it is associated with many chemical hazards. Exposure to dust from mining can lead to many pathological effects depending on ...
Diamonds – an attractive investment?
Because gold has a longer history for investors as a safe haven, more investors tends to invest in gold compared to diamonds. Gold averaged at a price of $2 548.2 and the 5 carat diamond averaged at a price of $1 992.2, compared to the average price of the NASDAQ and Dow Jones, $1 099.4 and $1 047 during 2008-2012 respectively.
2022 Investing in African Mining Indaba to be held 9-12 May
Save the date. The 2022 edition of Investing in African Mining Indaba, originally scheduled for 7-10 February 2022, will now take place 9-12 May 2022 at the CTICC, Cape Town, South Africa. In the announcement released by Hyve Group Plc, the event organisers of Mining Indaba, they stated the coronavirus pandemic was the …
Ranked: The World's Top Diamond Mining Countries, by Carats
Rough Diamond Production, By Weight. Russia takes the top spot as the world's largest rough diamond producer, mining close to 42 million carats in 2022, well ahead of its peers. Carat is the unit of measurement for the physical weight of diamonds. One carat equals 0.200 grams, which means it takes over 2,265 carats to equal 1 pound.
South Africa
South Africa - Resources, Power, Economy: South Africa is rich in a variety of minerals. In addition to diamonds and gold, the country also contains reserves of iron ore, platinum, manganese, chromium, copper, uranium, silver, beryllium, and titanium. No commercially exploitable deposits of petroleum have been found, but there are moderate quantities of …
South Africa Precious Metals and Minerals Mining Market Report …
This report focuses on the Mining of Precious Metals and Minerals - Gold and Uranium, Platinum and Diamonds, and includes comprehensive information on …
Where diamonds are found and mined in South Africa
These kimberlites in ancient, vertically-dipping volcanic pipes are the primary sources of South Africa's diamonds most of which were initially suitable for open-cast mining. The first diamonds were found at the future site of the Big Hole on the farm Vooruitzicht belonging to the De Beers brothers, in 1871.
New platinum ETF fund drives investor capital to South Africa
South Africa recorded 761 million rand ($40 million) of fund inflows this month, largely driven by investor allocations to Absa Bank Ltd.'s New Gold Platinum ETF.
Explorer within striking distance of declaring maiden South African
After investing just over R20-million on diamond exploration projects in South Africa, diamond exploration and development company Botswana Diamonds is within striking distance of being able to ...
Mining industry in Africa
Two of the most profitable minerals produced in Africa are gold and diamonds. There are a number of major diamond producing countries across Africa such as South Africa and Botswana. However, the ...
Diamond investment in South Africa gains 'forever' tag as De …
Like a diamond itself, diamond investment in South Africa is having a 'forever' tag pinned on its back as the world's largest diamond company by value speaks glowingly of its $2-billion ...
South African gold loses its shine | S&P Global
Last year, margins for South Africa's platinum miners were negative on average, as the industry made an aggregate loss, with capital expenditure less than a billion dollars, said the Minerals Council South …
Industry cost curves as a tool to analyse cost performance of South
Since its existence, the South African mining industry has contributed significantly to the economic development of the country either directly or through the creation of linkages. In 2010 the sector accounted directly for 8.6% of Gross Domestic Product (GDP), 50% of South Africa's total merchandise exports, 13% of direct corporate tax receipts and …
South Africa eyes new mining boom [Business Africa]
Business Africa. South African mining is a major source of foreign exchange and jobs. The country's minerals are key to its economic growth and recovery strategy. Many of South Africa's ...