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.
Today, the mining industry remains one of the biggest contributors to the countrys economy with an estimated worth of R20.3 trillion US$2.5 trillion. It is the worlds fifth largest mining sector in terms of gross domestic product GDP, contributing eight percent to South Africas GDP.
The proudly South African, level 3 broadbased black economicpliant OEM was founded 40 years ago to produce specialised roofbolting equipment for the underground coal mining industry in South Africa. This article first appeared in Mining Review Africa Issue 8, 2020 Read the full digimag here or subscribe to receive a print copy here
The South African Capital Equipment Sector consists of five segments Mining, Agriculture, Civils Construction, Process Industries and Utilities. South Africa is for the first time participating at Arminera 2007 with ninepanies. South Africa would like to showcase its abilities in the Mining Equipment and Mining Processing
MEMSA is a manufacturing industryanisation. We operate nationally and have members across South Africa. With the mining equipment industry being concentrated in Gauteng, our offices are located in the Mining Precinct in Johannesburg, a hub for miningrelated conversations, researchanisations.
This imbalance in exports versus imports means that South Africa has a trade deficit of $4.57 billion. Today, the economy and workforce of this country rely on several sectors, including agriculture and food processing, tourism, financial services, services industry, business process outsourcing, and industrial manufacturing and mining.
Economic activity in modernday South Africa has been centred on mining activities, their ancillary services and supplies. The countrys stock exchange in Johannesburg was established in 1887, a decade after the first diamonds were discovered on the banks of the Orange River, and almost simultaneously with the gold rush on the worldfamous Witwatersrand.
Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. Largescale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later.
South African miner SibanyeStillwaters 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. Covid19 shakes mining sector The response to the pandemic from governments and markets has shaken the mining industry.
South African capital equipment exporters are highly qualified to provide simple, as wellprehensive solutions to your mining and minerals processing needs in terms of equipment and services, for green and brown field capital projects, for aftermarket supplies, for debottlenecking, for revamping and for optimisation.