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16% 7.3% Contribution of SA's mining industry to GDP. Why invest? Well-established infrastructure. Key inputs for emerging technologies. According to the Department of …
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A look at some of the key legal and practical considerations surrounding mining rights and title in South Africa, including the extent of state control, renewal and transfer of licences, and ...
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The Energy Transition: Opportunities For The South African Mining Industry. The race to attain net-zero by 2050 requires mining companies to prepare themselves to respond to the demands of a low carbon economy. To do this, they should start adopting sustainable mining practices and other nimble solutions suitable for their …
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EPA/Jon Hrusa. South Africa's Constitutional Court recently passed an important that's fundamentally challenged the power imbalance between mining companies and local communities in rural ...
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South Africa has the world's largest reserves of platinum group metals and manganese, along with some of the largest reserves of gold, diamonds, chromite ore, and vanadium. In 2022, the total revenue of the mining industry was ZAR 747 billion1, underscoring its potential to further contribute to economic development and job creation.
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For the past seven years, EDLC has been providing legal, scientific, and financial assistance to communities and their lawyers in South Africa fighting unwanted proposed mining projects and harms from existing projects. The cases raise a host of issues, including the rights of citizen participation and consent in environmental decision-making ...
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Minerals Council highlights mining's vital role in South Africa's progress Amid record load-shedding in 2022 and a further deterioration in energy availability …
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In 2018 the mining sector contributed R351 billion to the South African gross domestic product (GDP) A total of 456,438 people were employed in the mining sector in 2018. Each person employed in the mining sector has up to nine indirect dependants. The mining sector has, for many years, attracted valuable foreign direct investment to South Africa.
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014/2023. THE MINERALS COUNCIL PUBLISHES FACTS & FIGURES POCKETBOOK 2022 South Africa's mine production value remains above R1 trillion despite logistics …
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The state is the custodian of South Africa's mineral and petroleum resources and has a duty to administer these resources for the benefit of all South Africans. The Minister is authorised to grant or refuse applications for rights under the MPRDA. The mining industry is regulated at a national level by the Department of Mineral Resources …
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The mining sector's share in South Africa's economy has declined over the past 30 years, as has employment on the gold mines. Yet many new mining areas have developed. Mining growth has been driven primarily by platinum and coal, with iron ore and other metals contributing. Of South Africa's 39 'small' or 'secondary' cities, 19 have or ...
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Studies of the mining industry in South Africa point out that one of the negative legacies of the apartheid era is a markedly skewed mining sector that favours the established companies, and ...
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13.1 Mining in the South African Economy. The mining value chain (excluding construction and coal-based chemicals) contributed 13 per cent of GDP in 2019. Of that, …
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The mining industry is one of very few sectors in the prevailing economic climate which is adding jobs. During 2022, the sector created 15 500 more jobs, lifting total employment to 475 560, according to the Minerals Council South Africa's Facts & Figures 2022 annual publication.
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In 2017, Ghana commissioned a 400-member contingent to combat illegal mining, and introduced a two-year ban in the most affected regions of the country. By the time the ban was lifted in December 2018, it was reported that around 1 687 illegal miners had been arrested. South Africa's legislation aims to regulate artisanal mining, but has ...
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Mining industry of South Africa - Wikipedia, the free encyclopedia. Mining in South Africa has been the main driving force behind the history ... Conditions on most South African mines are very similar to those elsewhere …
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In response, Rio Tinto declared force majeure on all customer contracts at RBM, employing the legal provision that excuses parties from contract terms because of unforeseen circumstances. South Africa's $24 billion mining sector, which has provided the raw material for nearly half the gold bullion and gold jewelry ever produced, is waning ...
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Environmental, Social & Governance Laws and Regulations Report 2024 South Africa. ICLG - Environmental, Social & Governance Law - South Africa Chapter covers common issues in ESG law – including principal sources of ESG pressure, integration of ESG into business operations and planning, finance and the impact of …
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Implementing the global minimum corporate tax. This proposes that from 1 January 2024, South African multinationals with annual revenue exceeding €750 million will have an effective tax rate of at least 15%, regardless of where the profits are earned. This is in line with the OECD's base erosion and profit-sharing framework.
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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 relations; and third, the structural character of our mining industry. A great deal has …
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in taxes to South Africa contributed R371.9 BILLION to GDP Credible statistics allow us to fulfill our mandate as the voice of the mining industry in South Africa. THE MINING SECTOR IN 2021 MINERALS COUNCIL SOUTH AFRICA FACTS AND FIGURES 2020 Page 2 S1 S2 S3 S4 S5 S6 S7 S8 S9 S10 S11 S12 S13
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Mining Industry Committed To Transformation. The SA mining industry plays a significant role in the country's economy. According to the Minerals Council Facts and Figures Pocketbook, in 2020 the sector employed in excess of 450,000 people, contributed about R361.6bn, roughly 7%, of the GDP and delivered R27.2bn in tax …
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Mining. Historically, South Africa has been a leading global supplier of minerals and mineral products, and it retains an important role in mining and minerals demonstrated by 55 minerals being produced from some 1113 mines in 2005. Mined product is sourced from open-cast, underground, alluvial, offshore, dune as well as artisanal mining.
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The mining industry is severely constrained by a drastic downward correction in prices of various commodities, including platinum group metals (PGMs) and …
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According to a recent PWC study, SA Mine 2023: Adapt to Thrive, South Africa's decline in gold production levels since the mid-2000s has been a result of expectations that many of the country's existing gold mines will end production in the next two decades in the absence of further investment commitments. The industry's recent …
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Legal framework. In seeking to attain transformation and empowerment objectives, South Africa's mining legislation is based on a system of state 'custodianship' of mineral resources, in which the ...
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In South Africa, in 2018. the mining sector in South Africa contributed R351 billion. to the Gross Domestic Product (GDP) and employed a. total of 456,438 people ( Mineral, 2018). However, it has ...
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Break the bias e-book Women in Mining gender diversity and inclusion dashboard Women in Mining Infographic Women in Mining in South Africa 2020 Women in Mining COVID-19 heroes Stop Abuse of Women Women in Mining in South Africa 2019 The Women in Mining Modernisation heroes International Day of Women in Mining 2023
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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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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 contributes 11% of gross capital creation but also 16% of total direct foreign investment in South Africa. Despite accounting for just 0.3 percent of taxpayers, the sector was liable for 6 percent of the tax imposed in 2014. Although quarrying employs about 500,000 people, it accounts for barely 5% of the country's employment.
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However, this period can be extended under certain circumstances, ensuring thorough evaluation. 6. Right to Appeal. ... Section 11 of the MPRDA is a cornerstone of South Africa's mining regulatory framework. It provides a structured and transparent process for transferring mining rights, allowing for the responsible and …
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Reduced demand. Two of the four most significant minerals in South Africa's commodity footprint are at risk of reduced demand in the future: thermal coal …
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Mines in South Africa are employing increasingly sophisticated methods to address the twin issues of reducing water use and stopping pollution. Miners operating in South Africa, where scattered and erratic rainfall is increasingly the norm, describe water as the single-biggest environmental risk to their operations. This is unlikely to change.
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I argue that future hardship can be prevented by keeping the basic principle that mining must benefit South Africans while changing the structure and, most importantly, the …
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South Africa is open for business and the country has vast mineral resources and government is committed to support investors and grow junior miners to be at a level of big mining companies. The partnership between the two department brought over 50 Junior miners in response to the launch of the Junior Miners Program in 2017.
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