Mining Opportunities In South Africa - "Although mining is a highly mechanical process, it is also heavily influenced by global digitization," said Mike Hanly. Credit: New Leaf Technologies
Statistics South Africa announced that the country's mining production fell by 9.1% in July this year, compared to 2019, with a collapse of 44.9% in "other non-metallic minerals", which excludes coal and gold, which highlights the decline.
Mining Opportunities In South Africa
The sector has struggled this year, with the Covid-19 pandemic and resulting austerity measures disrupting many traditional working habits in the mining industry, leading to five consecutive months of declining production. In July, Mineral Council CEO Roger Baxter claimed the pandemic could lead to a drop in overall mining output of up to 25%, far more than the 10% drop he predicted in May, reflecting an increasingly pessimistic outlook in South African mining .
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However, Statistics South Africa reported a number of positive results that could lead to optimism about the sector's long-term future. While production fell year-on-year, seasonally adjusted mine production actually rose 20.2% between June and July this year, with total mineral sales up 11.3% year-over-year in July. This is partly explained by a 40.9% increase in sales of "other non-metallic minerals", which suggests that a decline in mineral production does not necessarily lead to a decrease in sales and therefore does not pose a risk to the entire mining supply. . wide chain.
In fact, some in the sector see the pandemic as an opportunity to improve operational efficiency and change working habits in mining. South African e-learning company New Leaf Technologies has highlighted the opportunity for the industry to move away from what it calls "traditional facilitator-led classroom-style training". The company's solution, a learning management system adapted to each company and accessible by remote employees, should be a more personalized and digitized approach than traditional training methods, which are more suitable for distance learning.
"While mining is a highly mechanical process, it is also heavily influenced by global digitization," New Leaf CEO Mike Hanly said of the potential for a shift in mining education. “The quality of courseware and how it is shared via eLearning can fill many of these skills gaps and retain staff rather than lose them.
"Tutorials should be attentive, but should also be aligned with business needs," Hanly continued. "It should also be guidance in nature, support for students struggling with difficult concepts. To break the monotony, allowing students to give feedback is also a great way to maintain interest and increase efficiency measure."
Dishaba Mine, Thabazimbi
In addition, some of the country's largest miners have begun more collaborative ventures as the pandemic has sparked economic uncertainty in the country, with many concluding that working together to ensure the industry's long-term viability is a precedent. necessary for the pursuit of individual growth. .
JP Casey is editor of Future Power Technology, Offshore Technology Focus and MINE Magazine. Her topics of interest include covering human rights abuses in energy, considering the balance between people and profits in the industry, and writing essays.
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Mining projects in this phase when owners do not find it feasible or practical to continue development. This can happen when financing expires or changes take place in the market.
Many projects in this phase could be considered and explored by other owners in the future. These can be ideal investments with the right market changes and new financing.
Mines move into this phase when all the ore has been extracted from that mine, also known as end of mine life (LOM).
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Refers to the licenses returned to the government by mine owners and exploration companies due to various scenarios, such as: they were no longer viable, insufficient funding to continue exploration, etc. These mining projects could later be explored by other mine owners and exploration companies obtain the required licenses from the various responsible governments.
From the pre-feasibility phase and once the expansion and/or renovation phase is complete, the phase changes from
South Africa has long been an international mining investment destination and still holds large amounts of minerals, such as gold, platinum, coal, iron ore and copper. This makes South Africa a strong candidate for investment opportunities in mining.
With highly developed road, rail and maritime infrastructure linking the country's lucrative mines to international markets; an established supplier value chain; and some of the largest mining companies in the world, South Africa is a leading investment destination for mining.
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South Africa has some of the largest and richest gold mines in the world, with a long history of gold mining. Reefs such as the Witwatersrand and the Barberton Greenstone Belt continue to offer significant activities, while historically mined reefs are also proving to be profitable activities.
Holding more than 90% of the world's PGM reserves, South Africa represents 75% of the world's PGM supply. South Africa is also home to the largest number of PGM mining operations. This makes South Africa the ideal mining investment opportunity when it comes to PGMs, as the country has a strong global market share.
South Africa produces about 58.9 Mt of coal per year and exports about 30%. The combined value of local sales and exports averages about R139. 4 billion per year. The coal industry employs more than 92,000 people, representing approximately 19% of total employment in the country's mining sector.
Two of the largest coal mining projects in the country are the surface mining operations of the Mafube Coal Mine and the New Largo Project.
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South Africa is again a world leader in diamond production, with its largest diamond producer receiving about 8 Mct/year.
Diamond mining in South Africa is currently done by open pit methods, but the depth limits of the open pit are being reached. Underground mining is being developed to continue production below the open pit, providing new opportunities for diamond recovery.
As the world's largest producer of manganese, with over 6 Mtpy, SA owns approximately 78% of the world's identified manganese resources.
Most of the manganese mined in South Africa is exported, as it has no substitutes that can be used worldwide. With South Africa playing a fundamental role in the future supply of manganese, investors interested in this sector can find a number of new business opportunities.
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South Africa is the world's largest producer of chromite ore, with a production of around 17 million tons per year.
Chromite ore is needed to make chrome for stainless steel and for this reason the country offers advanced investment opportunities in the mining of this valuable mineral.
Alternative and renewable energy markets (such as battery energy storage, renewable energy harvesting, electric vehicles, mobile phones and towers, computers, smart homes, pipelines and supertankers) lead to an increasing demand for copper. South Africa produced over 100,000 tonnes of copper in 2019 and the country holds promising returns on investment.
Growing stainless steel production and the lithium battery market are expected to generate significant medium-term returns on nickel investments. Market demand for electric vehicles alone is expected to increase by 1000% in the next 10 years, creating huge demand for this strategic precious metal.
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Providing accurate, reliable and up-to-date online intelligence on mining projects in South Africa, Africa Mining IQ offers great business opportunities for those serving the mining industry.
Africa Mining IQ is an online mining information service that helps suppliers expand and increase their business reach in South Africa.
South Africa holds some of the world's largest reserves of precious metals, refractory metals, base metals and energy minerals. With this diversified portfolio of mineral reserves, the mining sector offers long-term growth prospects. A new era of sustainability for the South African mining industry Contributing 19% of its GDP, mining is critical to South Africa's economic prospects. Anglo American Platinum CEO Chris Griffith tells World Finance how platinum can be mined sustainably
Although mining is the backbone of the South African economy, its success is not without consequence. and only by considering environmental and social well-being alongside financial performance can leading companies pave the way for sustainable growth. As the country's mining industry enters the modern era, it is essential that companies operate responsibly and thereby benefit all sections of society.
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Looking at the example of Anglo American Platinum, it is clear that key names in the industry can bring a greater measure of sustainable prosperity by focusing on issues other than profit potential. We spoke to Chris Griffith, CEO
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