main problem facing gold mining in south africa

  • Gold Mining: The Risks | Gold News

     · In 2005 when the Gold Price was close to $300 the mines were profitable. Today in South Africa costs are shooting past $1,000 an ounce. Barrick Africa costs are at $692 (total cash costs per ounce) Barrick''s average costs over the whole company are at $460 an ounce.

  • Problems in the mining industry in South africa

    The current turbulence in the mining industry in South Africa has its roots in several different factors. First, the fall in global demand for platinum and other minerals due to recession; second, the consequences of the Marikana disaster in destabilising labour relations; and third, the structural character of our mining industry. A great deal has been written about the first two factors, so ...

  • Mining In South Africa

    In 2009 South Africa was the fourth largest diamond industry in the world. Gold mining has become one the main factors to the growth of South Africa. Mining grew with discovery of diamonds and increased with the discovery of Gold. Mining has impacted the country of South Africa making it number 2 in foreign exchange earner in the world.

  • Factors that favour and hinder gold mining in South Africa ...

    Rand Refinery is the largest integrated single-site precious metals refining and smelting complex in the world. Since 1920, it has refined nearly 50,000 tons of gold - almost one third of all gold mined worldwide. Depth and temperature. South Africa''s gold sector is a world leader in deep-level gold mining.

  • Ethical challenges facing mining companies?

     · Last week a friend who knows I have spent a fair amount of time working on mining/oil and with mining/oil companies in recent years asked me what are some of the major societal challenges facing mining companies in the next few years. My response …

  • Gold

    Gold sales increased by 3.7% at R72.6 billion in 2019 (R70 billion in 2018) Gold production decreased to 101.3 tonnes in 2019 (117 tonnes in 2018) At the current gold price more than half of the South African gold mining industry is marginal; South African gold only accounts for 4.2% of global gold production

  • Economy of South Africa

    The economy of South Africa is the second largest in Africa. However, it is the most industrialized, technologically advanced, and diversified economy on the African continent. South Africa is an upper-middle-income economy, one of only eight such countries in Africa. Since 1996, at the end of over twelve years of international sanctions, South Africa''s Gross Domestic Product almost tripled to ...

  • ''Will I come back dead?'' Human costs of South African gold ...

     · The main problem is geology. ... officer of Gold Fields Ltd., which mines South Africa''s biggest deposit of the metal. ... unprofitable South Deep deposit mirror some of the challenges facing ...

  • South Africa: Crippled Gold Miners Seek Payout | corpwatch

     · UK mining giant Anglo American is among the companies facing a multi-million pound legal battle with former gold miners in South Africa. The ex-workers claim to have contracted crippling lung disease silicosis as a result of bad ventilation in the country''s mines. The disease, which causes cancer, is widespread among South African miners.

  • Challenges facing the South African Mining Industry | SAAE

     · It has been estimated that South Africa has the largest mineral reserves in the world with a value of between US$2.5 and $4.7 trillion. The country''s mineral deposits are dominated by platinum-group metals (88% of global reserves), manganese (80%), chrome (72%), vanadium (32%) and gold …

  • The four biggest challenges facing mining in 2016/2017

     · The four biggest challenges facing mining in 2016/2017 Market oversupply as big companies continue to produce to drive out competitors Efficiency and cost cutting - smaller miners will struggle to cut both costs and investments while still remaining viable Stakeholder demands - there will be increasing difficulty balancing stakeholder demands from shareholders, governments and labourers ...

  • Top risks and opportunities for miners identified – EY Africa

     · A new EY research report entitled Top risks and opportunities facing miners in Africa 2020 released today reveals common challenges faced by miners across the African continent and a particularly vexed state of the industry in South Africa. Wickus Botha, Mining Team Leader at EY Africa, said: "The main insight from the report was that is that ...

  • South Africa''s Gold Industry Has a Major Problem: it''s ...

     · South Africa is having a gold problem, and it''s not a shortage or excess, but rather gangs who carry out ''gold raids.'' The groups loot mines and smelt houses, and even take hostages, Engineering News & Mining Weekly reported. Higher Prices Draw More Gangsters. Gold prices are at record highs, making mining …

  • A dilemma facing mining consultants in West Africa

     · A dilemma facing mining consultants in West Africa. Exclusive image: Ivan Doku (Source - Resolute Mining) Travel restrictions due to the COVID-19 pandemic are going to make it difficult for West African mines to use expatriates as competent persons (CPs) or qualified persons (QPs) to sign off mineral resource and reserve estimates.

  • Mining Problems and Possible Solutions

     · Mining Problems and Possible Solutions. Mining, Part 3: In his three-part series, Dr Buck Emberg presents a balanced examination of both the need for mining and the environmental consequences of extracting minerals. He explains that mining has been a human activity since before the Stone Age and will remain so in the future.

  • Top 10 business risks and opportunities – 2020

     · Innovation could bring a much-needed step change to address key structural issues in the mining sector, namely: Declining ore grades. Increased mining in remote and difficult locations. Access and cost of energy and infrastructure. Increasing operational complexity. Improving water management. (Chapter breaker) 10. Chapter 10.

  • The status and implications of the AMD legacy facing South ...

    In South Africa for example, the Witwatersrand Gold fields in particular the East Rand, West Rand and Central Rand, are a source of AMD which poses socio-economic and environmental threat. When mining for gold, miners had to pump out all the inflowing water, which continually fills again. Currently the problem is

  • Explain four problems facing the mining of Gold in South ...

     · Explain four problems facing the mining of Gold in South Africa . Explain four problems facing the mining of Gold in South Africa. Answers - Exhaustion of the mineral because gold is non re-newable and the old mines in the land are being depleted

  • South Africa''s coal mining industry facing numerous challenges

     · The South African coal mining industry is facing several challenges, the most significant being railway capacity constraints hindering the transportation of …

  • Discuss Gold mining in South Africa,processing ...

    Problems Facing Gold mining 1. Expensive to mine for lying deeply. 2. Large capital is required to start mines. 3. Complication of mining by folds and faults in the crust. 4. Low gold content in the ore. 5. Problem of removal of underground water. 6. Lack of adequate supply of fresh water on the surface in mining areas. 7.

  • Six challenges facing the gold sector – Gold Fields

     · The first issue Gold Fields lists, Industrial action in the South African mining sector, is the least important from a global point of view, as it only affects those gold miners with operations in ...

  • Five common challenges facing the mining industry | Aggreko

    Additionally, a change in mining practices has led to a renewed emphasis on the importance of consistent ventilation systems – to ensure that workers are kept safe from dangerous fumes. 3. Access to Capital. Access and allocation of capital is often cited as one of the biggest issues facing the mining industry, especially for its juniors.

  • Investment challenges facing Africa''s mining industry ...

     · Deloitte''s South Africa mining leader, Tony Zoghby, says: "Africa, in terms of infrastructure, is relatively undeveloped. "Although the resources …

  • The Main Problem Facing Gold Mining In South Africa, Hot ...

    Challenges Facing Conventional Gold Mining Method In South. 9 major problems facing south africa and how to fix them that research by the chamber of mines had shown that if there was no substantial change in the mining methods used in south africa gold and platinum mining could cease in 2033 v116n3a10 trends in productivity in the south african gold

  • South Africa''s Gold Mines are Struggling to Remain Open

     · Report: Half of South Africa''s gold miners are operating at a loss. South Africa''s mining industry – one of the largest in the world – is facing serious decline. Mining ''s Cecilia Jamasmie reports that the country''s miners are facing a host of issues…

  • Grade 8

    For most effective gold mining in South Africa, the method used is hard rock mining, since reserves are typically fully encased in rock deep underground. The invention of industrial air cooling and air quality control systems saw gold mines reach unprecedented depths – the deepest being 3 900 metres.

  • Economic Impacts of Gold Production in South Africa

     · South Africa Department of Minerals and Energy (2007). South Africa is estimated, by the US Geological Survey, to have 6000 metric tons of gold reserves. A full 95% of South Africa''s gold mines are underground operations, reaching depths of over 2.5 miles. Coupled with declining grades, increased depth of mining, and a slide in the

  • The devastating impact of Gold Mining in South Africa ...

     · For 130 years South Africa has been exploiting its gold resources in Johannesburg. But at what cost? 278 abandoned mines and 200 mining dumps, that contain about 6 billion tons of waste, exist in Johannesburg. For every single gram of gold extracted, 200 kg of waste are produced. Inside the city, hills composed of sand debris arise.

  • Challenges Facing the South African Gold Mining Industry ...

    The mining industry remains a major contributor to the economy of South Africa. According to data from the Department of Minerals and Energy of South Africa, the sector contributed 7.1 % to gross domestic product in 2003, of which gold was a key contributor in value terms.

  • Pestle Analysis On South African Gold Mine Industry Free ...

    Gold Mining in South Africa. The crises of the gold mining sector The critical issue facing the mining industry according to Zoli Diliza chief executive, chamber of mines is ensuring that the mineral policies of South Africa aligns with the highest standard of administrative justice, promote an internationally accepted level of security of tenure and invariably promote an enabling environment ...

  • South Africa: Environmental Issues, Policies and Clean ...

    Environmental Issues of South Africa. South Africa has mined its countryside for more than a century, and that long legacy of mining has taken a major toll on the country''s environment. Other sources of environmental issues in South Africa include agricultural practices and a lack of inland water.

  • The top risks facing the South African mining industry

     · The top risks facing the South African mining industry. ... Although risks have remained relatively consistent, PwC South Africa''s Mine Report 2017 highlights the importance of risk identification and the management thereof. ... as well as those with a secondary listing on the JSE whose main operations are in Africa. ...

  • Operational risks and safety must be top priority

     · July Ndlovu, CEO of Anglo American Coal South Africa, explains that the mining operator had implemented a number of safety measures throughout the years and experienced reduced risk. However, in 2017, the mine had three fatalities. "We stopped all ten mines and talked to our 16 000 employees to find out what was going wrong," says Ndlovu.

  • Peak Gold? South Africa Mines Could Be Out of Gold in 39 ...

     · More than 40% of all the gold mined in human history came from the Witwatersrand Basin. But annual gold output in South Africa has plummetted. In 1970, South African mines produced 1,000 tons of gold. Since then, production has steadily dropped. The country only produced 167.1 tons in 2016. That represents an 83% drop from the 1970 peak.

  • Challenges Facing the South African Gold Mining Industry ...

    Challenges faced by the South ... - Mining Review Africa

  • South Africa: How Mining Damages Communities and the ...

     · The South African Human Rights Commission has released a scathing report on the damage mining in the country is posing to human rights. The conclusion paints a dark picture: "[T]he mining …

  • South Africa''s gold mine crisis

     · Wildcat strikes are common in South Africa''s mines. But Loane Sharp, a labour analyst with Adcorp, says the complaints made by the mining companies about the price of gold …

  • Gold Mining in South Africa | Africa Mining IQ

    In 1975, South Africa was responsible for producing 40% of the gold ever mined. By 2010, however, China affirmed its status as the world''s largest gold producer with production of 324 tonnes of gold, followed by Australia (222.8 tonnes), and South Africa with 219.8 tonnes. Today, South Africa produces only 4.2% of the world''s gold.

  • Mining in South Africa: The Challenges and Opportunities

    Mining in South Africa: the challenges and the opportunities 2 September 2016 28 Mineral prices in rand terms have stagnated or declined Viability challenges facing gold, platinum, coal sectors Instability in labour market and excessive wage demand pressures linked to social wage issues Policy, regulatory uncertainty despite efforts to address ...

  • Mining industry of South Africa

    Mining in South Africa was once the main driving force behind the history and development of Africa''s most advanced and richest economy. Large-scale 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.

  • Hedging gold production: an analysis of T historical South ...

    Challenges facing the gold mining industry in the new South Africa, recently examined by Butler and Cross (2005), cover a broad spectrum of issues. Apart from the ever present financial challenges, gold mines in South Africa face legislative and regulatory obligations that will increase social responsi-bilities, above-inflation wage settlements, an

  • 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.