Three areas stand out where mining companies can take decisive action in the short term: improve exploration to uncover new reserves, address the currently …
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Gold mining in South Africa dates back to the late 19th century, following the discovery of gold in the Witwatersrand Basin. This marked the beginning of an era that would position South Africa as ...
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The gold economy in South Africa has been mainly an extracting enterprise since the British government took over the rule of South Africa after the Anglo-Boer War and this is still the case today. Mining costs are kept artificially low by the mines by deflecting responsibility for their environmental and health impacts to the state and third ...
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The following are advantages of gold mining in South Africa: It has stimulated the development of transport and communication system like railways lines, roads, airways and seaport that encourage export of …
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An Untapped Goldmine: Opportunities for South African Mining. Historically, the mining sector has contributed significantly to South Africa's economic growth and employment, supported by a rich natural endowment of mineral resources, including Platinum Group Metals (PGMs), gold, iron ore, and manganese. Currently, the mining …
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All that glitters... Acid mine drainage: The toxic legacy of gold mining in South Africa. Pumps at the Grootvlei Mine in South Africa's Easter Basin before pumping ceased in early 2011. South African Water …
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The first diamonds were uncovered at the site of the Big Hole in 1871. Until the mine's closure in 1914, up to 50,000 miners excavated the deepest hole ever dug by hand, extending 215 metres underground. While the mine would yield 2,720kg of diamonds and help establish the De Beers mining company, which remains a major industry …
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Evidence from the boom in large-scale gold mining in three countries in Africa suggests that mining communities experience on average positive, but limited welfare gains in the near term. The benefits that come from opening a mine (or mines) are mostly transmitted through the normal functioning of markets, primarily through labour …
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The coal mining industry benefits the South African economy and its people in many ways: Over 81% of South Africa's electricity requirements and over 30% of liquid fuel demand (coal-to-liquids technology) are derived from coal; Post COVID, South Africa's production has dropped from roughly 250Mt annually to approximately 230Mt in 2022.
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The trade of gold in West Africa goes back to antiquity with one of the earliest examples being the voyage of the Carthaginian explorer Hanno in the 5th century BCE. The celebrated mariner sailed out of the Mediterranean and, turning south, stopped off at the mouth of the Senegal River before sailing on and perhaps even reaching as far …
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Mining basically refers to the extraction of coal and other substances from the earth. 1 With this definition in mind, we note that broadly defined, mining includes the extraction of fossil fuels including oil, gas and coal. The discussion in this book however excludes fossil fuels and focuses on solid minerals.
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February 9, 2022. Mining stakeholders have a key role to play in ensuring a brighter future for mining communities. The communities surrounding mines have a critical role to play, not only in the feasibility of a mine, but in the long-term viability of the area after mining resources have dried up. Mining organisations have both a legal and ...
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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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This report attempts to examine and weigh the various benefits and costs that mining has brought to the Southern Africa region. Data limitations are significant, restricting …
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Mining accounts for up to 60% of South Africa's exports, which is vital for bringing in cash into the country. The minerals it exports are vital to the economies of the world for manufacturing. South Africa is one of the world's leading mining and mineral-processing countries. Though mining's contribution to the national GDP has fallen from …
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The South African mining royalty regime: Considerations for modifying the system to balance its competing objectives ... To facilitate this investigation, four major commodities in South Africa (gold, platinum, iron ore, and coal) were selected. ... 4 Expected optimal results are that increased benefits accrue to South Africa from mineral ...
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Data Insights. Updated June 28, 2023. Gold production in South Africa and major projects. Brought to you by. Gold. Share this article. According to GlobalData, South Africa is …
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Economic context. South Africa reaped the benefits of macroeconomic stability and a global commodities boom from 2004 to 2008; however, growth began to slow in the second half of 2008 due to...
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Mining is a major economic activity in many developing countries. In South Africa, mining of gold, coal and other natural resources has played a significant role in the country's economy, with ...
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EAST DRIEFONTEIN MINE – 2.5 MOZ. Located 60km southwest of Johannesburg, the East Driefontein gold mine has recovered over 102.5 Moz since its establishment in 1952. Forming part of the …
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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 …
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July 29, 2019. This page in: English. The development of many Southern African countries is inextricably linked to the mining sector. For example, South Africa's Johannesburg …
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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 …
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In addition, the multipliers from today's higher-skilled mining jobs can be considerable. In South Africa, mining is estimated to support 1.4 million direct, indirect and induced jobs; each of these jobs is believed to support around nine dependents. In Ghana one direct mining position is estimated to support 28 other livelihoods and in Peru 19.
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"The main mining strengths of the last 120 years in South Africa have been gold, and, slightly more recently, platinum. The gold and platinum deposits in South Africa are unique.
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Contemporary Migration to South Africa: A Regional Development Issue (2011) ... Estimating the Economic Benefits of Roads in Africa (2015) by Ali A. Rubaba, Federico Barra, Claudia Berg, Richard ... Gold Mining in the Case Study Countries 68 Channel 1: Employment, Linkages, and Positive Spillovers 71 ...
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A recent report by the World Gold Council (1) found that gold mining contributed some US$78 billion in gross economic value added and 530,000 direct jobs in the 15 leading gold producing countries. Moreover, mining tends to generate large numbers of indirect jobs and to have significant multiplier effects - in part because many …
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The Witwatersrand Basin remains the world's largest gold resource. In 2022, the gold sector employed 93,841 people who collectively earned R28.9 billion. Gold production of 84 tonnes. At the current gold price more than half of …
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Coal mining in South Africa began around the same time as gold mining and is one of the country's most valuable commodities, accounting for 26 percent of mineral mining revenue in 2023.
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Chapter 4 Socioeconomic Effects of Large-Scale Gold Mining: ... In South Africa, the mining linkages are thought to be . minor, ... which therefore is th e conduit of benefits to the country as a .
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