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The South African Iron Ore Cluster Page 1 10 EXECUTIVE SUMMARY South Africa has built the model economy within Sub-Saharan Africa by exploiting its abundant

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Investors in the industry and in the South African economy are not at all coal and iron ore were significant contributors to thei increase in economy share Relative prices appear to make no positive impact on the mining

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The Role of Mining in the South African Economy

mining sectors to aggregate output in the South African economy, rather than with the aggregate volume of sales of the sector4 Over the 1970-98 period, the proportional contribution of the mining sector to total value added in the South African economy has more than halved, declining from 213% in1970, to 99% of the private sector’s GDPin 1998

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A crisis of poor returns on capital invested and declining employment opportunities 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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MINING AND PEOPLE: THE IMPACT OF MINING ON THE SOUTH AFRICAN ECONOMY AND LIVING STANDARDS INTRODUCTION AND SYNOPSIS There are two ways of looking at mining in South Africa The first is to see it as a sunset industry plagued by rising costs, technical difficulties, and political hostility

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Mining Is Still Key to South African Economy - New … Aug 25, 1987 · By withholding their labor from South Africa's gold and coal mines, the members of fluctuations in gold prices still have a large effect on the overall economy

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The South African mining industry is frequently criticized for its poor safety record and high number of fatalities but conditions are improving Total fatalities were 533 in 1995 and had fallen to 199 in 2006 The overall fatality rate in 2006 was 043 per 1,000 per annum but this hides some important differences

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Effects of the Mining Strikes on the South African Economy Mining production decreased by 6,5% year on year in May 2014, reports Statistics SA The crippling strike action that began on 23 January in the platinum sector has had a negative impact on total mining production

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The South African labour force in mines in 1987 was made up of 477,000 migrant workers and by 2006 there were 260,000 migrant workers in South African mines This would have a large impact on the economy in South Africa, as people would spend their wages on living necessities

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Mining Strike Impacts South African Economy The impact on growth will also be significant Africa's largest economy is seen expanding at a sluggish pace of only around 25 percent per year

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Mining and minerals in South Africa

With South Africa’s economy built on gold and diamond mining, the sector is an important foreign exchange earner, with gold accounting for more than one-third of exports In 2009, the country’s diamond industry was the fourth largest in the world

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The Role of Mining in the South African Economy Johannes Fedderke and Farah Pirouz ERSA, University of the Witwatersrand welfare impact on the South African economy Historically the investment rate of the of the eight principal mining industries of the South African economy

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Mining in South Africa - Projects IQ

With each project tracked, analysed and monitored over its development, from grassroots and pre-feasibility to fully operational, Africa Mining IQ is the ultimate intelligence resource for mining in South Africa

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