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the impact of the platinum mining industry on the south african economy

Platinum News: South Africa Lockdown Risks Killing Mines ...

2020-05-13  South Africa’s mining industry contributed 8% of gross domestic product last year. Each employee in the sector supports at least 10 dependents, according to Minerals Council South

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The future of the platinum industry and its implications ...

In its latest set of ‘facts and figures’, the Chamber of Mines states that ‘despite the significant role and contribution of the platinum mining sector to the South African economy, the industry is currently in a challenging position.’ It cites the combined impact of slowing global demand, market surpluses and associated declining prices, escalating production costs and the impact

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Platinum seen contributing as much to South Africa's ...

Achieving a ‘high road’ scenario would enable the South African PGMs mining sector to mine 260-million ounces of platinum between 2016 and 2050 and, even with a slower increase in employment ...

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The impact of the 2014 platinum mining strike in South ...

In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted 5 months, ending in June 2014 when producers reached an agreement with the main labour unions.

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The Impact of the 2014 Platinum Mining Strike in South ...

In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa’s platinum industry. The strike lasted five months, ending in June 2014 when producers reached an agreement with the main labour unions.

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The Impact of the 2014 Platinum Mining Strike in South ...

The rst round impact of the shock is to reduce productive capital in the metal ores mining industry in 2014 by 10%, and also to reduce the economy wide labour supply by a number equal to 10% of the metal ores labour supply.

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The future of the platinum industry and its implications for South Africa SAIIA - SAIIA – The South African ...

The future of the platinum industry and its implications for South Africa Rock study containing platinum-palladium ore. At this week’s Mining Lekgotla (13-14 August 2014), the future of the currently suppressed platinum industry is likely to be a key agenda item.

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Platinum News: South Africa Lockdown Risks Killing Mines - Bloomberg

2020-05-13  More on virus’s impact on South African mining Sibanye, the biggest platinum miner, and Harmony Gold Mining Co. have suspended guidance, while Anglo American Platinum Ltd. and Impala Platinum...

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The impact of the 2014 platinum mining strike in South Africa: An economy-wide analysis

In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted 5 months, ending in June 2014 when producers reached an agreement with the main labour unions.

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The Impact of the 2014 Platinum Mining Strike in South Africa: An Economy-Wide Analysis

In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa’s platinum industry. The strike lasted five months, ending in June 2014 when producers reached an agreement with the main labour unions.

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Economic impact of South Africa platinum mine strike - BBC News

2014-01-23  Economic impact of South Africa platinum mine strike The largest union in South Africa's platinum sector has called a strike over pay, the biggest since the 2012 Marikana massacre in which 34...

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Health and environmental impacts of gold and platinum mining: report from South

Platinum mining in South Africa Platinum mining in SA is comparatively recent, supply increasing from 1.76 million ounces (50 tons) in 1975 to a peak of 4.86 million ounces (138 tons) in 2011. Value of 2012 output, about R56billion. SA currently produces about 75% of world production

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The Impact Of Covid-19 On The Mining Sector - Africa

In South Africa, this is exacerbated by the fact that the mining labour force remains migrant, with constant movement between the gold fields and platinum belt and Lesotho, Mozambique and the Eastern Cape.

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The Role of Mining in the South African Economy

Conventional wisdom views the mining sector ofthe South African economy as its quintessence. As contributor to aggregate output, as foreign exchange earner for the economy, as employer, and as a generator of tax revenues mining has often been viewed as the locomotive of

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Mining strikes: The costs to SA’s economy SAnews

2014-03-05  But economists are concerned that continued strikes in major mining companies could damage the South African economy and hold back growth and employment. This comes as reports indicate that more than 70,000 platinum mineworkers downed tools in Rustenburg on January 23.

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South Africa's Mining Industry - South African Market Insights

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.

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Platinum News: South Africa Lockdown Risks Killing Mines ...

2020-05-13  South Africa’s mining industry contributed 8% of gross domestic product last year. Each employee in the sector supports at least 10 dependents, according to Minerals Council South Africa, an ...

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The future of the platinum industry and its implications ...

In its latest set of ‘facts and figures’, the Chamber of Mines states that ‘despite the significant role and contribution of the platinum mining sector to the South African economy, the industry is currently in a challenging position.’ It cites the combined impact of slowing global demand, market surpluses and associated declining prices, escalating production costs and the impact

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The impact of the 2014 platinum mining strike in South ...

2015-12-01  In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted 5 months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were particularly severe, but our research shows that the strike could also have long lasting negative impacts on the South ...

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The Impact of the 2014 Platinum Mining Strike in South ...

In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa’s platinum industry. The strike lasted five months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were particularly severe, but our research shows that the strike could also have long lasting negative impacts

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Economic impact of South Africa platinum mine strike - BBC ...

2014-01-23  Economic impact of South Africa platinum mine strike The largest union in South Africa's platinum sector has called a strike over pay, the biggest since the 2012 Marikana massacre in which 34 ...

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Platinum Mining in South Africa - ProjectsIQ

The platinum mining industry in South Africa increased production from 163 tons in 2010 to almost 200 tons in 2017, with total sales of over R 9 billion. Africa Mining IQ currently tracks 82 platinum projects across South Africa across all stages of development. As of March 2018 these are: Total SA Mining Projects. Platinum Group Metals Mining Projects in SA. 461. 82. Africa

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The impact of the 2014 platinum mining strike in South ...

Downloadable (with restrictions)! In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted 5months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were particularly severe, but our research shows that the

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The Impact of COVID-19 on the Mining Sector - SAP Africa ...

2020-03-31  South African miner Sibanye-Stillwater’s share price has lost over 60% in the past four weeks while Impala Platinum has lost a similar percentage, and Anglo American is down by as much as 40%. Covid-19 shakes mining sector. The response to the pandemic from governments and markets has shaken the mining industry. Restrictions imposed on mining

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Mining in SA - Minerals Council South Africa

In many ways, South Africa’s political, social and economic landscape has been dominated by mining, given that, for so many years, the sector has been the mainstay of the South African economy. Although gold, diamonds, platinum and coal are the most well-known among the minerals and metals mined, South Africa also hosts chrome, vanadium, titanium and a

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How important is mining to the SA Economy. It depends on ...

And the travails of SA mining, more particularly those of gold and platinum mining are having a very negative impact on GDP and expected GDP growth and on the value of the rand. To survive as viable businesses able to cover their costs of capital the mines have to plan for lower costs of operations and that means to plan for lower levels of production and employment, that is plan

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Platinum Mining: Protracted Strike by South African ...

2014-06-16  Impact of the Strike on the National Economy. Reports from various economic publications indicate that the ongoing crisis within the platinum sector in South Africa has caused not only tremendous losses for the mining companies but also the economy overall which still relies heavily on the extractive industries for export.

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SA’s platinum industry unlikely to ... - PwC South Africa

Platinum miners’ struggles are not dissimilar to those flowing throughout the South African mining industry – cost pressures, substantial declines in commodity prices, and low or negative profit margins. Supply and demand. South Africa provides more than 70% of primary mined platinum supply and more than 55% of total supply, including recycling. South African supply conditions therefore ...

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Platinum in the South African economy

STILWELL, L.C. Platinum in the South African economy. ... Mining and Metallurgy, 2004. Platinum in the South African economy L.C. STILWELL Read, Swatman Voigt (Pty) Ltd The paper will place into perspective the contribution that platinum makes to the South African economy. It will use statistics from official sources, namely the Department of Minerals and Energy, the Department of Customs ...

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Mining of Platinum in South Africa 2016 - Research and ...

2017-03-15  The South African platinum mining sector is one of the largest components of the country's mining industry in terms of both employment and export earnings. It exported 136t of platinum worth US$4 ...

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Outlook for the South African mining industry SAIIA

2018-02-07  South Africa’s mining industry remains a critical component of the economy; a potential flywheel for upstream manufacturing, downstream beneficiation, and horizontal spillovers. If we are to address the problems of youth unemployment, poverty and inequality, due attention must be paid to reviving the mining industry.

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Mining - Sustainable Development

impacts of mining are essential, particularly in the South African context where mining has been, and continues to be the backbone of the economy. The development of strategies and policies which enhance transparency and accountability by the mining sectors was highlighted as a key element in the JPOI targets 46 (a-c). The Sustainability Development through Mining programme has given rise to ...

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How important is mining to the SA Economy. It depends on ...

SA mining is in crisis. And the travails of SA mining, more particularly those of gold and platinum mining are having a very negative impact on GDP and expected GDP growth and on the value of the rand.

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AN ESTIMATION OF THE IMPACT OF THE 2012 PLATINUM

Bureau of Market Research, University of South Africa Accepted: February 2016 A Leontief-type economic-impact model for 2012 is used to estimate the potential impacts, in percentage terms, of the 2012 platinum-sector strike on the South African economy. Although it is impossible to

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Economic Impacts - Diamond mining in South africa

There is a large economic impact of diamond mining in South Africa as diamonds provide a lot of money to the economy, which provides better living conditions. Diamonds today are mined in about 25 different countries but around 49% of diamonds come from South Africa. South Africa is the fourth largest diamond producer in the world. This has positive effects on their economy. Today De Beers ...

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Platinum Outlook 2021: Strong Price Performance Expected

Although Amplats and South Africa have resumed mining activity, global refined platinum production is expected to slip 22 percent year-over-year, largely off the South Africa closures. Fear And...

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