economic importance of gold mining in south africa

  • THE IMPACT OF MINING ON THE SOUTH AFRICAN

    Although the mining sector no longer dominates the South African economy as it once did, mining accounts for a major proportion of the country's earnings of foreign exchange. The economies of four of the nine provinces and of several large towns are dominated by

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  • The decreasing importance of gold mining in South Africa

    The fall in production has reduced gold’s contribution to the South African economy. The metal contributed 3,8% to gross domestic product in 1993, falling to 1,7% in 2013 2. In terms of sales, gold made up 67,0% of all mineral sales in 1980, falling to 12,5% in 2014.

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  • The Role of Mining in the South African Economy

    note that the decline in the importance of Gold & Uranium Mining in the South African economy, is not only one of a declining relative importance but also one of falling absolute output levels (See Figure 2). Second, while the decline in Gold & Uranium Mining has been dramatic, it has also been

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  • Why gold mining matters Mining for schools

    Gold is used in other South African industries such as refined gold and jewellery making. The industry creates employment in other industries. Gold mining has a role to play in the development of human resources (training) and infrastructure such as schools, colleges, clinics, roads and housing.

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  • How important is mining to the SA Economy. It depends on

    In 1970 the share of mining in GVA was 8.8% if measured in current prices, or a much higher share, 20% of the economy, if measured in constant 2005 prices. Thereafter the mining share measured in current prices rises significantly rises in response to the very significant increases in the gold price in the

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  • Gold Mining in Africa: Maximizing Economic Returns for

    maximization of economic returns from mining for African countries. We focus on gold mining, a significant sector in at least 34 African countries. Our point of departure in the paper is the well-documented reality that a large number of resource-rich African countries have benefited little from their resource endowments.

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  • WHY MINING STILL MATTERS

    South Africa’s mineral resources are the lifeblood of the economy. Without urgent policy interventions to revitalise the mining industry, the country’s entire economy will wither, like a gold rush town fallen into decay. The mining industry is struggling, but it is far from dead. South Africa is the world’s leading pro-

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  • (PDF) Socioeconomic Impact of Mining on Local

    6/25/2015· Like many other industries, gold mining (both industrial and artisana l) is associated with environmental degradation and pollution which have severe health implications. The

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  • The social and economic impacts of gold mining

    The social and economic impacts of gold mining 70 % of total expenditures by gold mining companies are on payments to suppliers, contractors and employees. One of the objectives of transparency

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  • How important is mining to the SA Economy. It depends

    That Mining’s share of the economy did not rise anything like as significantly in the past decade and more reflects the wasted opportunity to benefit from the commodity super cycle. The mining boom in terms of volume of output produced regrettably largely passed South African production by.

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  • The Gold Mining Industry in South Africa Essay 1011

    As harmful as gold mining is to everything and everyone around it, it is very important for the economy. South Africa has a large amount of mineral resources and is one of the leading countries when it comes to exporting raw materials. Gold is one of the biggest raw material exports and it makes up a third of all of South Africa’s exports.

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  • The role of mining in the South African economy South

    3/1/2002· This paper examines the contribution of three aggregate mining sectors of the South African economy to output and employment over the 1970-97 period. The finding of a declining importance of mining in output and employment creation must be sectorally differentiated.

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  • Gold Mining in Africa: Maximizing Economic Returns for

    maximization of economic returns from mining for African countries. We focus on gold mining, a significant sector in at least 34 African countries. Our point of departure in the paper is the well-documented reality that a large number of resource-rich African countries have benefited little from their resource endowments.

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  • THE ECONOMICS OF GOLD MINING TAXATION

    benefits of higher gold prices, the cumulative economic impact to the gold mining industry as a whole may result in revenue loss of R214 billion. It is clear that the merits

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  • WHY MINING STILL MATTERS

    2 The changing place of mining in South Africa In 1980, mining was the second-largest contributor to South Africa’s gross domestic product (GDP) at 21%, only one percentage point behind the contribution of manufacturing (22%).5 According to Statis-tics South Africa, it ranked way ahead of trade (12%), fi nance (11%) and government (10%).

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  • (PDF) Socioeconomic Impact of Mining on Local

    6/25/2015· the welfare impacts of large-scale gold mining on local communities in three African countries — Ghana, Mali, and Tanzania. The approach adopted in this study is two-p ronged.

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  • The Local Socioeconomic Effects of Gold Mining

    Similar to gold mining in other African countries (see Gajigo, Mutambatsere, and Mdiaya [2012] for an overview), the sector is highly capital intensive, and direct employment generation is, relative to its economic importance, limited.

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  • Mechanism Between Mining Sector and Economic Growth in

    Treasury of South Africa. The views expressed are those of the author(s) and do not necessarily represent those of the funder, ERSA or the author’s affiliated institution(s). ERSA shall not be liable to any person for inaccurate information or opinions contained herein. Mechanism Between Mining Sector and Economic Growth in Zimbabwe, Is It a

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  • CONTRIBUTION OF INDUSTRIAL MINERALS TO SOUTH AFRICA’S

    In the next three years, South Africa plans on spending R947.2 billion on infrastructure developments by 2020. In the country like South Africa with vast mineral wealth and some of which occur in the most remote places, the development of quality transport infrastructure will increase the country’s

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