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cost control in the south african mining industry

Cost control and margin protection in the South African

30/06/2013 Cost control and margin protection for the South African mining and metals industry is based on research and interviews conducted by EY between May 2013 and August 2013 with senior executives from a number of mining and metals companies operating in South Africa. Executives were interviewed and asked to prioritize their top cost control and margin protection priorities. 5 Top cost control

Activity Based Costing: Challenging the way we cost

The South African coal mining industry relies on capital intensive systems to increase productivity so as to compete on the interna-tional market. The underground coal mining industry is capital intensive as a result of it being highly automated. The capital expenditure related to this can often dictate whether a project will be financially viable or not and making the decision to implement a

SA Mine 2020 (12th edition) PwC South Africa

Investment can only be attracted to South Africa if the mining industry can be cost competitive with its global peers. The mining sector demonstrated its resilience during the past year. It was key in providing support during the pandemic and will be an essential part of the strategy to rebuild South Africa.

SA Mine 9th edition 2017 PwC South Africa

The cost control measures that the industry took ownership for started to pay off with more manageable operating cost increases. Impairments were largely limited to precious metals with a substantial decrease from R58 billion to R22 billion. 1 PwC . 3 SA Mine 9th edition ighlighting trends in the South African mining industry wC 4 Despite the improved financial performance, regulatory

Allan Gray SA mining and the sunk cost fallacy

Making investment decisions pertaining to South Africa's beleaguered mining industry requires wisdom and courage. We don't profess to have all the answers. We have made some good and some poor investments in mining companies in the past, and despite our best efforts we will probably not have a 100% success rate in the future. But we can certainly promise not to honour sunk costs and to put

South Africa’s mining sector and the cost of crime and

12/11/2019 South Africa’s mining sector and the cost of crime. November 12, 2019. 402. Facebook. Twitter. Pinterest . WhatsApp. With illegal mining now costing the South African economy around R21 billion a year, according to the Institute of Security Studies (ISS), mine owners are under mounting pressure to tighten up security. Add to this increasing violence between competing, heavily armed

Platinum Cost Curves Minxcon

2019 South African Industry Cost Curve by Mine (All-in Sustainable Costs USD/oz) Disclaimer: Information displayed in graph is based on public information collected from the South African PGM mining company’s annual reports. There is no guarantee that the interpreted information is 100% accurate. NEWSLETTER SPOTLIGHT South African platinum mines accounted for 73% of global

SA Mine PwC South Africa

The South African mining industry continued to face a myriad of challenges as a result of subdued commodity prices and a growing cost base despite positive efforts to reduce costs and focus on profitable production. In addition, socio economic pressures in the country and labour challenges have put pressure on mines’ operating environment. The Q3 2016 South African Mining Industry Report

South Africa’s mining sector and the cost of crime and

12/11/2019 South Africa’s mining sector and the cost of crime. November 12, 2019. 402. Facebook. Twitter. Pinterest . WhatsApp. With illegal mining now costing the South African economy around R21 billion a year, according to the Institute of Security Studies (ISS), mine owners are under mounting pressure to tighten up security. Add to this increasing violence between competing, heavily armed

ECONOMICS OF MINING Minerals Council South Africa

The mining industry is also a significant foreign-exchange earner, which makes it possible for the country to service its international debt obligations and to import foreign technology, so important for today’s economic growth. Preliminary figures for 2016 indicate that total mineral exports amounted to R221.5 billion of the total merchandise exports of R1.1 trillion or 20.1%. South African

Mine Accidents and Disasters Department of Mineral Resources

The worst mining disasters in the South African mining industry are listed below: the Mine Health and Safety Inspectorate developed a national standard with reference to mine locomotive control systems (SANS 1809:2012) which is still enforced today. This South African National Standard can be obtained from the South African Bureau of Standards, please visit: https://store.sabs.co.za/ 64

Mining in South Africa: The Challenges and Opportunities

The global mining industry: under significant financial pressure = adjustment In 2015/16 for the top 40 mining companies: Illustrative SA commodity mining cost curve (2015) Mining in South Africa: the challenges and the opportunities 2 September 2016 26. PAGE SA mining : key financials (sector is the only loss-making sector of the economy) Mining in South Africa: the challenges and the

South Africa is the most costly country for gold mining

13/02/2018 The costliness of mining in South Africa is accentuated when the costs are compared to the second most expensive region, i.e. South America, which stands below the global average at $866 per ounce. The report attributes the increase in costs to the success of the labour unions in the country to drive up wages, which significantly impacts the mining industry due to its highly labour-intensive

Unravelling safety compliance in the mining industry

Mining in South Africa is still one of the toughest and most hazardous occupations (Paul & Maiti, 2005). A strong focus on production characterises the mining industry. These high performance pressures and time constrains decrease the safety level of operations. Employees have strict targets to meet within specified timelines. They might encourage workers to take shortcuts and jeopardise

“Repositioning the South African Mining Industry for

The South African mining industry is the world’s fifth largest by GDP value Source: McKinsey RSA South Africa has most of the World’s Top Mining Companies participating in the country 0 50 100 150 200 US$ billions The world's largest mining companies by market capitalisation (January 2011) 9 Page 9 0 5 10 15 20 25 % Comparison of Revenue by commodity (composition of revenues of top 40

South Africa's gold mine crisis BBC News

11/07/2013 Crucial wage negotiations start in South Africa's gold mining sector on Thursday, the outcome of which, some analysts say, will determine the future of the whole industry.

Ten insights into 4IR in the mining industry Mining News

15/02/2021 South Africa’s mining industry is increasingly making use of innovative and cutting-edge technologies to run more efficient operations. In addition, the use of technologies helps to manage risk, to improve health and safety, reduce the cost of maintenance and extraction, as well as bringing about a

Minerals and Mining Policy of South Africa: Green Paper

iii) The South African mining industry is heavily dominated by a small number of mining houses, all of which are white owned. Business ownership and control in the country in general, and particularly in the mining industry given its complexion should be deracialised. The mining industry needs to demonstrate rapid, visible and significant transformation in line with the rest of South African

Mine Accidents and Disasters Department of Mineral Resources

The worst mining disasters in the South African mining industry are listed below: the Mine Health and Safety Inspectorate developed a national standard with reference to mine locomotive control systems (SANS 1809:2012) which is still enforced today. This South African National Standard can be obtained from the South African Bureau of Standards, please visit: https://store.sabs.co.za/ 64

“Repositioning the South African Mining Industry for

The South African mining industry is the world’s fifth largest by GDP value Source: McKinsey RSA South Africa has most of the World’s Top Mining Companies participating in the country 0 50 100 150 200 US$ billions The world's largest mining companies by market capitalisation (January 2011) 9 Page 9 0 5 10 15 20 25 % Comparison of Revenue by commodity (composition of revenues of top 40

Mining in South Africa: The Challenges and Opportunities

The global mining industry: under significant financial pressure = adjustment In 2015/16 for the top 40 mining companies: Illustrative SA commodity mining cost curve (2015) Mining in South Africa: the challenges and the opportunities 2 September 2016 26. PAGE SA mining : key financials (sector is the only loss-making sector of the economy) Mining in South Africa: the challenges and the

Tough choices facing the South African mining industry

mining industry’s relative contribution to the economy has declined due to growth in the financial and property sectors. To an even greater extent than their global counterparts, South African mining companies’ margins are under pressure. The combination of stagnant or falling global commodities prices and rising input costs is forcing mining

A competitive analysis of the South African mining industry

The Diamond Model of Industry Competitiveness developed by Michael Porter was utilised in analysing the mining industry's competitiveness. In the process of the analysis, the model was interrogated for validity in a developing and dynamic country via inference of the analysis of the South African mining industry. Based on the results of this research, a new model, built on the findings

HEALTH AND SAFETY ON SOUTH AFRICAN MINES

The South African mining sector has put in place a goal of Zero Harm by 2020; this implies that by 2020 there should be a significant and sustained improvement in the health and safety of all mineworkers, including no further fatalities. The ongoing Mine Health and Safety Project aims to support the South African mining industry

GUIDANCE NOTE FOR A MANAGEMENT AND CONTROL PROGRAMME FOR

07/07/2021 GUIDANCE NOTE FOR A MANAGEMENT AND CONTROL PROGRAMME FOR TUBERCULOSIS IN THE SOUTH AFRICAN MINING INDUSTRY . Title: Guidance note for a management and control programme for tuberculosis in the South African mining industry Government Gazette Notice: GN 851 in GG 41839 of 17 August 2018 Commencing date: 17 August

Mining industry and sustainable development: time for

09/06/2017 Mining regions are now often located in remote areas of north of Canada and Australia, and in developing countries in South America, Asia, and Africa, often with less stringent mining laws and weaker environmental regulations (Miranda et al. 1998; World Bank, 2002, 2017a). Mining impacts, including waste streams and social impacts, were, therefore, generally transferred from developed and

A REVIEW OF THE DOLOMITE AND LIMESTONE INDUSTRY IN SOUTH

The South African lime industry differs in three ways from other industrialised countries: firstly, limestone deposits in North America and Europe are widespread and of good quality, whilst in South Africa, isolated high-grade deposits of limestone occur. This has resulted in lime production being limited to a few plants, with a fairly large output. Thus some South African plants are, by

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