south african mining sector

Abstract. The South African mining industry is increasingly embracing cleaner production (CP), albeit at a slow pace. Environmental management accounting (EMA) is still poor, in spite of increased awareness of the concept of triple bottom-line accounting. This paper investigates how CP and EMA, by means of examples in the gold mining sector, can assist towards sustainable development. The mining business is an energy-intensive one and having to deal almost every day with the potential risk of load-shedding, which occurs when South Africa's troubled national utility Eskom reduces power supply because demand on the network is too much for it to handle, is not exactly an ideal condition to get things done and make business work properly.

South African Mining Sector Braces for Coronavirus

JOHANNESBURG - South African mining companies are bracing for a heavy hit from the country's looming nationwide lockdown to slow the spread of the coronavirus, warning of an expected leap in costs in addition to their lost output. A leading producer of

Over the years, the South African mining industry has been in a state of decline. Policy and regulatory uncertainty, labour disputes and climate concerns have all contributed to an overall inhospitable environment, and statistics from the Minerals Council South Africa show that in 2017, South Africa accounted for a 'dismal' 1% of total global exploration expenditure (as compared to 14% for

As Figure 1 shows, the carbon tax is likely to result in a total US$187.5 million loss in EBITDA across the South African mining industry in 2017, calculated on a total allowance basis. Diversified miners will experience the greatest impact at US$119 million, followed by the gold sector at US$39.6 million.

Recent conflicts in the South African mining sector tend to be explained entirely in rational choice theory. This paper utilises grounded theory, where the primary method was the collection of semi-structured and exclusive interviews triangulated with secondary data consisting of existing literature, government and company reports.

South African mining sector wants solar. South African mining sector wants solar. January 30, 2020 "The Minerals Council firmly believes that the electricity supply crisis is the biggest single risk to the South African economy," the trade body said in a statement.

Putting the shine back into South African mining

facing South African mining Over the past decade, the South African mining sector has stagnated. In real terms, the sector's value declined by 4 percent between 2007 and 2017. That decline is reflected in jobs numbers, too. Mining employment fell from a peak of 518,000 in 2008 to 464,000 in 2017.

1 Department of Mineral Resources assessment of the Broad-Based Socio-Economic Empowerment Charter for the South African Mining I ndustry (Mining Charter), May 2015 2 Government Gazette, 15 April 2016: Review of The Broad -Based Black -Economic Empowerment Charter for The South African Mining and Minerals Industry. No. 39933.

South Africa is world-renowned for its mining sector, with an abundance of mineral resources, accounting for a significant proportion of world production and reserves with an estimated worth of R20.3 trillion (US$2.5 trillion). The country is estimated to have the world's fifth largest mining sector in terms of gross domestic product (GDP) value.

The South African gold mining sector is currently locked into existing mine designs and methods, which are producing at near full capacity. The existing mining methods are cyclic, non-continuous, and rely on equipment, such as scraper winches, that has limited capacity and efficiency. Arguably, productivity in the South African gold sector may be

The prospects for South Africa's mining sector—responsible for more than 50% of the country's export revenue—remain deeply uncertain. A draft bill to amend the Mineral and Petroleum Resources Development Act (MPRDA) of 2002 threatens to impose new burdens on mining firms, which also face a challenging labour landscape marked by frequent strikes and tight regulations.

We take a look at a few highlights/low lights of South Africa's mining industry as published by Statistics South Africa Exactly a week after delegates closed the 26 th Investing in African Mining Indaba, Stats SA released data on the performance of the mining industry in 2019. The level of production was 1,3% lower in 2019 than 2018, which in turn was 2,1% lower than 2017.

This research study explored workplace challenges that women in the South African mining sector still face despite progressive gender sensitive regulations. The purpose of the research was to come up with evidence-based recommendations on how to promote sustainable gender equality in South Africa's mining sector.

South African mining sector – the need to stage a comeback. 6th February 2017 6th February 2017 by Alec Hogg *This content is sponsored by RMB, a diversified financial services brand encompassing investment banking, fund management, private wealth management and advisory services.

Sizing up mining exploration in South Africa

Over the years, the South African mining industry has been in a state of decline. Policy and regulatory uncertainty, labour disputes and climate concerns have all contributed to an overall inhospitable environment, and statistics from the Minerals Council South Africa show that in 2017, South Africa accounted for a 'dismal' 1% of total global exploration expenditure (as compared to 14% for

2019-03-12Documentation of the African mining sector and digitalising of work done in my opinion can start an African renaissance of mining. We all know that Canadians, Australians, South Africans, and Chinese have dominated this scene for some time, but never have had to share as much about their work and exploration in Africa as they have in their own respective Countries.

The outlook for the mining sector in South Africa for 2019 remains fairly bullish despite concerns about labour and power costs. There is also cautious optimism of strong commodity prices. Shirley Webber, Coverage Head Natural Resources at Absa Corporate and Investment Banking (CIB) says producers are facing more complex reserves, with higher input costs putting pressure on operating margins.

This section contains tender notices, project information, procurement news, procurement plans, contract awards from South Africa pertaining to Minerals and Mining sector. Click here to view the government, semi-government, PSU etc. Tender Notices according to the country sectors/categories.

South African authorities have reversed plans to close the country's ports for all but essential cargo after concerns were raised over the potential damage to trade flows, as the mining industry continues to grapple with the effects of Covid-19. A three-week lockdown has been in place in South Africa since midnight of March 26, imposing

Broad-Based Socio-Economic Empowerment Charter for the South African Mining Industry VISION All the actions and commitments set out below are in the pursuit of a shared vision of a globally competitive mining industry that draws on the human and financial resources of all South Africa's people and offers real benefits to all South Africans.

2.1 Wage Determination in South African Mining Sector 7 2.2 Industrial Relations in South Africa 8 2.3 Labour Laws in South Africa 10 2.4 Centralised and Non-centralised Collective Bargaining in South Africa 11 2.5 Has the Collective Bargaining in South Africa Evolved Over Time (Pre- and

We have established ourselves as a leading legal adviser within the mining industry in Africa and offer a full complement of legal services in this sector. We have a strong record of acting on the most significant mining-related mergers and acquisitions across the African continent.

2020-06-19The Mineral Council of South Africa says it's concerned about job losses in the mining sector. The Council says if mining companies do not operate, workers will lose jobs. The Mineral Council says it is not putting lives over profits. As it has already put in place safety measures for workers in line with health protocols.

This is the 11th edition of our annual publication highlighting trends in the South African mining industry, as represented by the top 26 mining companies by market capitalisation. Mining companies have begun to enjoy some welcome relief in 2019, as gains in commodity prices, aided by a weaker rand, began to bring the industry back into profitability, despite increased costs and weak production.

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