Home | Harmony Gold Mining Company Limited
Nov 28 2023. Harmony is a global, sustainable gold mining and exploration company with a copper footprint in our Wafi-Golpu and Eva Copper projects.Web
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Nov 28 2023. Harmony is a global, sustainable gold mining and exploration company with a copper footprint in our Wafi-Golpu and Eva Copper projects.Web
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The South African economy has historically, to a large extent, been dependent on the mining sector. For the first six months of 2023, South African Revenue Service export data shows that the value of mined material exports amounted to R575bn. This equates to around 58% of total exports made by South Africa to its trading partners.Web
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Vuyiswa Khutlang, PwC South Africa Energy, Utilities and Resources Partner, says that as the reserves of certain minerals shrink, it will be critical for mining …Web
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An increase of the current tariff from ~ZAR 1/kWh to ~ZAR 1.68/kWh (68% increase) would make the off-grid supply concept cheaper than the hybrid option. Mining companies in South Africa have announced renewable generation totaling ~6GW, indicating that the industry sees both the cost and environmental benefits of a self …Web
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JOHANNESBURG (miningweekly) – South Africa's Johannesburg Stock Exchange (JSE) is going all out to attract junior mining and exploration companies, making it easier for companies to get on ...Web
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Miners have continued to invest in projects in South Africa, with the largest increase identified in capital spending on assets year on year, from 18% in 2022 to 37% in 2023.". – Andries Rossouw, PwC's Africa Energy, Utilities and Resources Leader. Miners clearly continue to see value in the future and are investing in this.Web
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South African mining companies post sterling performance. South Africa's mining sector delivered a sterling performance in the past year, despite several local …Web
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As of 30 June 2023, there are seven iron ore mines operated by three different companies. The total reserve for these mines equates to 696.48Mt. At current production rates, this translates roughly into 13 years left of iron ore mining in South Africa. Of the total reserves detailed above, roughly 80% can be attributed to only two mines.Web
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Mining exploration in Africa increased from 4% of total mineral exploration expenditure worldwide in 1991 to 17.5% in 1998. Overall mining investment in Africa doubled between 1990 and 1997. The ...Web
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Mining in South Africa has been a major industry for many years, and it continues to play a significant role in the country's economy. However, the industry has faced several …Web
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Financial Times. (December 14, 2022). Leading mining companies in Africa based on market capitalization as of December 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 12 ...Web
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Coal mining, and mining in general, are activities central to South Africa's economy. The Government regulates the mining of minerals through the law, which mining companies have to obey. Mining, by its nature, is invasive, causes a large amount of pollution and affectslarge areas of land. CompaniesWeb
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1. South Deep Gold Mine The South Deep Gold Mine is a underground mine located in Gauteng. It is owned by Gold Fields and produced an estimated 327.9 …Web
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Business information on 100m+ public and private companies 100+ industries 200+ countries and territories ... Leading mining company in South Africa based on revenue in 2022Web
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Oct 17, 2023. In June 2023, Gold Fields was South Africa's leading mining company in terms of market capitalization. The company had a market capitalization amounting to 234 billion...Web
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South Africa has gone from 770 JSE-listed companies to about 305 still trading "and at the same time, we're piling all the reporting requirements on to this ever-diminishing group of companies ...Web
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Earlier this year, South Africa's minister of Mineral Resources and Energy, Gwede Mantashe, described illegal mining as a "plague" amid reports of rampant corruption, extortion and violence linked ...Web
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A significant source of conflict between communities and mining companies has been the mining policies and practices during the apartheid era in South Africa. This problem is rooted in early legislation regarding mineral rights and mineral development, such as the Native Land Act 27 of 1913 and the South African Development Act 18 of 1936 ...Web
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A content analysis of 2020/21 integrated annual reports of sixteen South African mining companies and other publicly available datasets revealed encouraging contributions of the mining firms on ...Web
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"This is a major step in showing how South Africa can unlock its growth potential through mining. We've always seen mining as a catalyst for broad-based development. ... The joint venture comprises four black community-owned companies: AND310 Mining Services is the majority shareholder at 60% and is 51% …Web
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Palabora Mining Company was incorporated in South Africa in August 1956 and was owned and managed by Rio Tinto until 2013 when it was acquired by a consortium led by the Industrial Development Corporation (IDC) of South Africa Limited and China's Hebei Iron & Steel Group. Acting CEO Maboko Mahlaole was working at the company in …Web
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Secondary-listed JSE companies South32, with 44%, and Anglo American, with 29%, own the Hotazel Manganese Mines, Wessels and Mamatwan, served by a 500 000 t/y sintering plant at Mamatwan.Web
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New IMF staff research shows that governments in sub-Saharan Africa—now under tremendous pressure to raise public spending in response to the pandemic—are losing between $450 and $730 million per year in corporate income tax revenues as the result of profit shifting by multinational companies in the mining sector. Targeted policy …Web
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Size Bias. One argument is that public investors are reluctant to invest in South African mines, as a consequence of the higher risk of developing mines in terms of South Africa 's regulatory ...Web
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While South Africa remains one of Africa's leading gold producers, its reserves are finite, and declining.5 So, too, is the labour force in industrial mines.6 During its boom in the 1970s and 1980s the mining industry contributed 21% of South Africa's gross domestic product. In 2016 this had fallen to 8%.7 But as shrinking gold resourcesWeb
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The unit of analysis for this study was mining companies operating in South Africa and implementing CSR initiatives in their host communities. Homogenous sampling was employed by selecting companies with similar characteristics (Creswell 2012: 518). Similarly, homogenous sampling was employed to select the study participants.Web
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Public consultation requirements in the mining sector are becoming more complex as a result of new regulations being published, and recent decisions of the courts including the Constitutional Court. More than before, this requires that mining companies plan for, and have a clear programme of managing community engagements and …Web
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ARM has rapidly acquired and diversified, it has ten mines in South Africa and one in Malaysia. The group's profits, by commodity are PGMs 42%; Iron Ore 39%; Manganese 12%; Coal 4% and Other 3%. Profit before taxation and capital items less finance costs (EBIT) was 16,262 million ZAR; i.e., US $1,069 million in 2022.Web
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5.10. Rio Tinto is a diversified mining company. It's a leading producer of the three most-consumed industrial metals -- iron ore, aluminum, and copper. Rio Tinto also mines a variety of other ...Web
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Founded in 2013 and headquartered in Weltevreden Park, South Africa, Sibanye-Stillwater Limited is an international precious metals mining concern with global operations in North and South America ...Web
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GA-NGWEPE, South Africa — South Africa's minister of mineral resources and energy has approved a platinum mine in the Vhembe Biosphere Reserve, underneath the homes of about 500 rural people ...Web
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The Driefontein gold mine in the Gauteng Province of South Africa is extended to a depth of 3.4km. How much are diamonds worth? The reality is that 1 carat diamond prices range from $2,500 to $16,000 and 2 carat diamond prices range from $7,700 to $72,000.Web
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The project is owned by mining company, Zhejian Huayou Cobalt, following its acquisition of an 87% interest from exploration and development company Prospect Resources. ... Blesberg Lithium and Tantalum Project, South Africa. Situated in the Northern Cape Province of South Africa, the Blesberg project contains a significant …Web
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In South Africa, CSR is often debated, and shows the effort by many companies to improve the conditions of mining, and other, communities. After the Apartheid era, inequalities in education, infrastructure, economic power, and basic services access was evident.Web
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The lack of rigorous public participation in forming mining policy is a ticking time bomb. This problem however is not intractable and can be overcome. The South African mining industry needs to streamline an inclusive model of community engagement which in turn will build on and improve the idea of shared value.Web
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However, despite the robust growth during 2021, investment flows to Africa accounted for only 5.2% of global FDI, up from 4.1% in 2020. While most Africa countries saw a moderate rise in FDI in 2021, about 45% of the total was due to one intra-firm financial transaction in South Africa (a share exchange between Naspers, the South African …Web
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Digitalizing Africa's mines. This article was originally published by Project Syndicate. Mineral resources are a critical source of revenue for Africa. In 2019, minerals and fossil fuels ...Web
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