Implementing the global minimum corporate tax. This proposes that from 1 January 2024, South African multinationals with annual revenue exceeding €750 million will have an effective tax rate of at least 15%, regardless of where the profits are earned. This is in line with the OECD's base erosion and profit-sharing framework.
Other issues affecting South African mining industry. While some mining companies have indicated an interest in running portions of the rail network, they would like to hear that long-term contracts (15 years or more), rather than the two-year concessions offered in the first round of bid invitations, are available, to incentivise investment.
The current state of mining in South Africa The mining sector has always played a pivotal role in the South African economy with national gross domestic product (GDP) contributions in excess of 20% in the 1970s9. Over the years, the GDP contribution has steadily declined, with current contributions reported to be at 8%10. In 2020, mining …
The mining value chain is the historic bedrock of South Africa's economy. It directly contributes more than 300 billion rand to GDP, directly employs more than 450,000 people, and is the economic anchor of many communities around the country. Unfortunately, much of the news about South African mining in recent years has been …
Pressure is high for Ramaphosa's administration to reassert the global competitiveness of the nation's mining sector. In 2020, South Africa came 60th out of 77 jurisdictions in the Fraser Institute's Annual Survey of Mining and Exploration Companies report, fourth bottom out of 13 African countries while Botswana topped Africa's list ...
For South African mining companies, reducing Scope 2 emissions (electricity, heat, and steam from third-party suppliers) will be vital to any emissions-reduction program as …
Workers' Compensation / legislation & jurisprudence*. A number of countries have workers' compensation systems which reserve specific arrangements for workers in certain sectors, notably mining. This article describes the current impetus to reform of the century-old South African mining compensation system. It is intended as a case study of the ...
News | 24 August 2012. GENEVA (ILO News) – South Africa has taken significant steps since the end of apartheid to address working conditions in the mining industry, but there is still a lot of room for improvement, said ILO mining specialist Martin Hahn. "More efforts could be made to better implement existing mining regulations, especially ...
the transparent and efficient regulation of South Africa's mineral resources and minerals industry, and the secure and sustainable provision of energy in support ... the Strategic …
the South African economy. So, it is a great pleasure to introduce to you the 2019 edition. Roger Baxter CEO – Minerals Council South Africa Roger Baxter CEO – Minerals …
Neingo and Tholana (2016) aver that the mining industry in South Africa directly adds about 7% to the country's gross domestic product (GDP). Also, the industry is responsible for at least R540 ...
The state of digital transformation in the South African mining industry: Ten insights into fourth industrial revolution (4IR) 2023 report is now available. ... Cost leadership, efficiency and profitability remain the number one concern of mining CEOs – with overall business sustainability and longevity being number two. The fight for capital ...
RESEARCH METHOD In order to properly estimate the scale efficiency of platinum-mining companies‟ environmental performance, the sample for this study within the South African context was selected as follows: South African mining companies that are listed on the Johannesburg Securities Exchange (JSE Ltd) situated in Johannesburg, South …
A total of 64% of South African mining output falls on the high half of the global cost curve. Through technology, mechanisation, and digitisation, mines can improve opera-tional performance, cost efficiency, safety, and productivity, thereby extending the life of the mine, increasing production, and creating new and improved job opportunities. ...
South Africa's mining sector to continue exploring cost-saving measures with improved energy efficiency. With mine production in the country having plummeted in April and …
Further, Mans notes that Ukwazi is expecting a gradual uptake of autonomous vehicles in the South African mining sector in the short term, with only about 10% to 20% of mines implementing ...
A recent GFMS gold survey puts South Africa at the highest end of the cost scale among gold producers, but the country's gold mines remain important. In 2009, South Africa's gold mining industry earned about $6.35 billion in foreign exchange making it the country's second largest exporter behind platinum group-metals at about $7.6 billion.
Engineering, Environmental Science. 2012 Southern African Energy Efficiency Convention (SAEEC) This paper is an overview of energy efficiency possibilities in South African hard rock mining. Most of the hard rock mining operations are energy intensive. Elements discussed are compressed air, pumping, ventilation and …
The ournal of the Southern African Institute of Mining and Metallurgy VOME SETEMER 451 Energy efficiency in the South African mining sector: A case study at a coal mine …
Akinboade et al. [10] estimate profit efficiency in the South African mining sector by using SFA. Shi [11] examines with the aid of SFA the impact of the privatization, corporatization, and debt ...
The sustainability of the mining industry is contingent on the industry's ability to improve upon the status quo of operational efficiency. The advancement of energy efficient technologies coupled with modern strategies have resulted in large industrial energy efficiency improvements, lowering emissions and wastage. Mine …
The South African Mining Industry: Facing unprecedented challenges ... Instead, a pivot towards the optimisation of existing processes and systems offers a lifeline, promising efficiency gains ...
32 mining rights, 85 renewals, 184 amendments, and 190 permits. Mantashe concluded with considered optimism for the return of commitment and energy of the Mining Indaba and collectively build an African mining industry that puts worker safety first, drives local beneficiation and industrialization while ensuring just energy transition.
The mining sector's crucial economic role. The South African economy has historically, to a large extent, been dependent on the mining sector. For the first six …
South African mining industry, as driver sleepiness is a reality and a safety risk. Poor quality and quantity of sleep have been identified as major risk factors in the reduced alertness of haul truck drivers during mining operations11. The physiological state of human alertness is the key to human performance, and safe and efficient operations in
South Africa accounts for 12% of economic activity in all of Africa and 30% of electricity demand. Currently, it is one of the most energy intensive economies, at 0.179 ktoe per unit GDP (in 2015 USD PPP) compared with world average of 0.111. The current energy mix is dominated by coal and oil and accounts for 85% of the almost 50 GW of …
Overcoming the numerous challenges faced by the South African mining industry and ensuring its long-term sustainability and growth will require turning research curiosity into improved performance ...
Monday, February 5, 2024. President Cyril Ramaphosa has told leading figures in African mining that government is working hard to address the challenges that the industry faces. He was speaking during the opening of the 30th Investing in African Mining Indaba held in Cape Town on Monday. The Indaba is expected to continue until Thursday.
Efficiency Strategy for the Republic of South Africa, published in 2005 (Department of Minerals and Energy, 2005) set a target for the mining sector of a 15% reduction in final energy demand by ...
The aim of this research was to draft a framework to optimize shift cycles in order to maximize productivity, health, safety, and wellness in the South African mining sector. The framework was informed by a review of the literature, case studies at a local gold mine and platinum mine, and a workshop with industry experts.
The aim of this research was to draft a framework to optimize shift cycles in order to maximize productivity, health, safety, and wellness in the South African mining sector. …
In this study, we consider energy efficiency in the coal mining sector in South Africa. The Energy Efficiency Strategy for the Republic of South Africa, published in 2005 (Department of Minerals and Energy, 2005) set a target for the mining sector of a 15% reduction in final energy demand by 2015 relative to a 2000 baseline.
Mining 2024, 4, FOR PEER REVIEW. 4. This paper describes the development and proposition of a new Mine Closure Risk Rating System for South Africa, which has three components—likelihood of mine closure, social social risk risk and and environmental environmental risk risk of of closure. closure. Section Section 2 provides …
