Natural resources, nationalism, and nationalization
The ANCYL (2010, p. 2) in its position paper has declared: 'NATIONALISATION OF MINES means the democratic government's ownership and control of Mining activities, including exploration, extraction, production, processing, trading and beneficiation of Mineral Resources in South Africa.
advantages and disadvantages of nationalisation
Disadvantages of nationalization of mines in south advantages and disadvantages of, binq miningNationalizing south african mines an economic assessment keywords nationalization, south africa, mining sector, in the south african economy, ii the fiscal risks or benefits of nationalization, iii the efficiency of the mining sector, but this ...
Coal
Coal is a black or brownish-black sedimentary rock that can be burned for fuel and used to generate electricity.It is composed mostly of carbon and hydrocarbons, which contain energy that can be released through combustion (burning). Coal is the largest source of energy for generating electricity in the world, and the most abundant fossil fuel …
Nationalizing South African mines: an enonomic assessment
Synopsis. Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based perspective, which is derived from theoretical considerations and related to the known features of the South African mining sector and economy.
Nationalisation Of The Mines In South Africa Economics Essay
If the mines were turned over to the government, more job creation could take place and skills development would be initiated. South Africa's economy could become wealthier as precious resources would remain within the country's borders. Disadvantages of nationalisation However, nationalisation does come at various costs.
Nationalizing South African mines: an economic assessment
SYNOPSIS Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based …
List Of Coal Mines In South Africa (2023)
The Tshikondeni mine started operating in 1984 as an underground high-quality hard mine. The mine is located 100km east of Tshipise and 17km south-east of Masisi, adjacent to the Levuvhu River and in the vicinity of …
TITLE: Policy implications of the nationalisation of mines in …
cases, recommendations are made in terms of how South Africa may approach the nationalisation of mines in order for it to succeed. The study analysed and investigated …
The Social and Environmental Consequences of Coal Mining …
A handful of large-scale producers supply coal primarily to electricity and synthetic fuel producers. About 51 percent of South African coal mining is done underground and about 49 percent is produced by open-cast methods. The coal-mining industry is highly concentrated with five companies accounting for.
Coal
The coal industry employed 90,977 people in 2022. 231.2 million tonnes produced in 2022 with total coal sales of R252.3 billion. 70% of coal volume is consumed domestically and more than 70% of electricity demand is generated from coal power. Richards Bay Coal Terminal (RBCT) serves as the primary export port. RBCT has a dedicated rail line.
Advantages and disadvantages of nationalising mines
Disadvantages of nationailsation. Nationalisation would create panic among foreign investors. South Africa has a history of state owned enterprises that haven't been very successful, this would place more doubt in the mind of the foreign invertor. The mining sector, after nationalisation, could take a very long time to boast a profit.
South Africa load-shedding: The roots of Eskom's power problem
South Africa relies on coal-fired power stations, some of which have been targeted by saboteurs. ... "She struggles to breathe. I have to blame the coal mines. They must cancel the coal because it ...
Advantages and Disadvantages of Nationalization
6. To prevent wasteful competition: Nationalization can also be with the aim of preventing wasteful competition among companies, especially service companies.The government can come in and take over the ownership and management of such companies. 7. To provide uninterrupted services: When essential services like electricity, water …
Nationalism on natural resources is surging; Miners could suffer
The mining sector will bear the brunt of new measures, according to the report, with some of the world's top producers of copper and iron ore, particularly in Africa and South America, featuring ...
Mines and mining
This is a guide to records of government involvement in the mining industry and how to search within them at The National Archives. These records cover a wide variety of topics, from nationalisation, labour relations, welfare and accidents to general policy and administration. The National Archives does not hold personnel records for miners.
Nationalizing South African mines: An enonomic assessment
... The debate over these issues continues, with ongoing unease over growing economic inequality, and increasing levels of unrest associated with the social and …
India: Coal Mining Sector: Road To De-Nationalisation
The coal mining sector in India seems to have finally taken the last step towards its de-nationalisation after more than 40 years. The Mineral Laws (Amendment) Act, 2020 ( Amendment ) promulgated as an ordinance in January 2020 has recently been passed by the Parliament. The Amendment seeks to allow greater private participation in …
Nationalization: Lessons from Southern Africa
Nationalization in Southern Africa has been brought about by direct action or outright seizure, and indirect action or partial seizure. l Direct nationalization took place when the government expropriated a private company or pri vate property, often after assurances of compensation had been given. Direct seizure without compensation occurred ...
Keynote Address: Strategic implications for the platinum …
South Africa is highly dependent on minerals; since the 19th century its economy has been based on their export. Nationalization could greatly affect this. The mining industry acts as stimulus for the development of other branches of economy. PGMs—leading South Africa export earner: 35% of exports.
Five largest coal mines in South Africa in 2020
Here are the five largest coal mines by production in South Africa, according to GlobalData's mining database. 1. Grootegeluk Mine. The Grootegeluk Mine is a surface mine located in Limpopo. It is owned by Exxaro Resources and produced an estimated 28.864 MTPA of coal in 2020. The mine will operate until 2040.
Mapping the rise of resource nationalism in Africa
Zambia. Copper contributes just shy of 65% of Zambia's total gross exports and was marked by Verisk Maplecroft as one of the riskiest countries for resource nationalism following on from the country's attempted liquidation of Konkola Copper Mines (KCM). In February this year, a Zambian court threw out a motion by Indian mining firm …
Policy implications of the nationalisation of mines in South Africa : …
The study analysed and investigated the debate of nationalisation in South Africa by exploring its advantages and disadvantages to perspectives drawn from countries …
South Africa says no to mines nationalization
Take the case of Coal of Africa, they have been thwarted at every juncture in getting mines into production, instead of providing Employment and benefits to the …
Nationalisation and the mines (Chapter 6)
The ANC tried to manage the stoked-up debate on nationalisation by appointing a research team to report broadly on state intervention in the mining industry. This included international case studies and options for South Africa to consider. In November 2011, after over a year of work, the report was discussed by the ANC's …
COP26: South Africa hails deal to end reliance on coal
South Africa is set to receive $8.5bn (£6.2bn) to help end its reliance on coal in a deal announced at the COP26 climate summit. President Cyril Ramaphosa has called it a "watershed moment".
The Dystopian Underworld of South Africa's Illegal Gold Mines
When the country's mining industry collapsed, a criminal economy grew in its place, with thousands of men climbing into some of the deepest shafts in the world, searching for leftover gold. By ...
Nationalisation and the mines (Chapter 6)
'Nationalisation', whatever that means, is a policy favoured by a majority (or at least a plurality) of South Africans according to opinion polls (TNS Research Surveys …
Can South Africa Transition to Clean Energy?
Leaders of wealthy countries on Monday endorsed South Africa's plan to invest the $8.5 billion — mostly in renewable energy projects. Several mines around Phola supply coal for plants owned by ...
Mining and minerals in South Africa
Mining also provides the feedstock for about 94% of the country's electricity generating capacity. The value of total sales increased by 24.8% to R302.2-billion ($37-billion) in 2010, and the three top-selling minerals – PGMs, coal and gold – accounted for 66.3% of total mineral sales. South Africa's mineral reserves are well-mapped ...
Nationalisation in South Africa: Which Way are We Going?
Extrapolating from this, would the nationalisation of our mines necessarily be a good thing? It is informative to examine our only nationalised mine, Alexcor. This potentially profitable diamond mine limps from crisis to crisis. Even during boom-times before the global economic crisis, Alexcor incurred huge losses, continually bailed out by the ...