Who Owns Whom

South African Mining Industry Trends Report 2022

Marthinus Havenga | South Africa | 26 July 2022

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R 13 500.00(ZAR) estimated $ 812.09 (USD)*

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Report Coverage

This report provides an overview of trends in the mining sector and includes information on major trends in production, commodity prices, exports, employment and labour costs, safety, illegal mining, regulations and competition. The report covers industry trends at macro level. More information on the underlying industries in the sector, as well as its players, are contained in separate reports published by Who Owns Whom.

South African Mining Industry Trends

The mining sector provides materials essential for all sectors of the economy and creates employment, investment, government revenues and infrastructure. The sector reached a remarkable milestone in 2021 when output exceeded R1tn for the first time. The growth of the sector came on the back of record commodity prices globally, driven by demand and supply uncertainties. The pandemic and the more recent invasion of Ukraine by Russia are playing an important role in supporting high commodity prices. Input costs and rail and port logistics constraints are preventing the country from maximising its export earnings potential during a commodity boom.

Production

Reasons for the recent decline include the gold industry experiencing one of its most protracted strikes into May 2022, platinum mines rebuilding furnaces and having operational difficulties, coal mines being affected by higher-than-expected rainfall and electricity cuts. Industry players are hopeful that the situation can be turned around, depending on commodity demand and prices holding up, the creation of a conducive policy environment and the elimination of physical infrastructure constraints.

Russia-Ukraine War

The invasion by Russia of the Ukraine at the end of February 2022, has had unprecedented impacts on energy and industrial commodities markets. The price of energy commodities and precious metals, which started to soften towards the end of 2021, increased to near-historic highs by March 2022. Volatility in commodity prices hold risk for the economy and the mining sector. Previously-mothballed production capacity elsewhere in the world can be brought back, while higher petroleum prices fuel inflation.

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Historical Reports

Manufacture and Wholesale of Machinery for Mining, Quarrying and Construction in South Africa 2022-07-08

R 13 500.00(ZAR) estimated $812.09 (USD)*

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The Manufacture and Wholesale of General Purpose Machinery in South Africa 2021-05-11

R 9 500.00(ZAR) estimated $571.47 (USD)*

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Mining of Iron Ore and Chrome in South Africa 2020-12-18

R 6 500.00(ZAR) estimated $391.01 (USD)*

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The Mining of Coal and Lignite and Coal Testing Laboratories in South Africa 2020-10-29

R 6 500.00(ZAR) estimated $391.01 (USD)*

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The Mining of Manganese in South Africa 2020-06-30

R 6 500.00(ZAR) estimated $391.01 (USD)*

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Mining of Precious Metals and Minerals In South Africa: Gold and Uranium, Platinum and Diamonds 2020-06-01

R 6 500.00(ZAR) estimated $391.01 (USD)*

View Report Add to Cart

Stone Quarrying, Clay and Sandpits, and Mining of Phosphates 2019-12-13

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Mining of Iron Ore and Chrome in South Africa 2019-11-15

R 1 900.00(ZAR) estimated $114.29 (USD)*

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The Mining of Coal and Lignite and Coal Testing Laboratories in South Africa 2019-05-02

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Manufacture and Wholesale of Machinery for Mining, Quarrying and Construction 2019-02-28

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Wholesale of Other Machinery 2018-12-14

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Mining of Precious Metals and Minerals In South Africa: Gold and Uranium, Platinum and Diamonds 2018-08-13

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Mining of Gold and Uranium in South Africa 2017-11-01

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Stone Quarrying, Clay and Sandpits 2017-09-19

R 1 900.00(ZAR) estimated $114.29 (USD)*

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The Mining of Coal and Lignite and Coal Testing Laboratories in South Africa 2017-06-07

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Mining of Platinum in South Africa 2016-12-14

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Mining of Iron Ore and Chrome in South Africa 2016-10-18

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Manufacturing of Machinery for Mining, Quarrying and Construction 2016-09-27

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Mining of Gold and Uranium in South Africa 2016-05-23

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Mining of Diamonds in South Africa 2015-12-03

R 1 900.00(ZAR) estimated $114.29 (USD)*

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The Mining of Coal and Lignite and Coal Testing Laboratories in South Africa 2015-11-25

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Mining of Iron Ore in South Africa 2015-11-20

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Mining of Chrome in South Africa 2015-07-29

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Mining of Platinum in South Africa 2015-06-22

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Stone Quarrying 2015-05-12

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Mining of Gold and Uranium in South Africa 2015-03-16

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Mining of Diamonds in South Africa 2014-06-23

R 1 900.00(ZAR) estimated $114.29 (USD)*

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The Mining of Coal and Lignite and Coal Testing Laboratories in South Africa 2014-02-14

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Table of Contents

PAGE
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Geographic Position 2
2.2. Size of the Industry 3
2.3. Key Success Factors and Pain Points 4
3. LOCAL 8
3.1. State of the Industry 8
3.2. Trade 23
3.3. Industry Performance 30
4. INFLUENCING FACTORS 34
4.1. COVID-19 34
4.2. The Russia-Ukraine War 34
4.3. Economic Environment 35
4.4. Labour 36
4.5. Safety at Mines 41
4.6. Illegal Mining 42
4.7. Government Regulations 44
4.8. Input Costs 45
5. COMPETITIVE ENVIRONMENT 46
5.1. Competition 46
5.2. Barriers to Entry 48
6. SWOT ANALYSIS 48
7. OUTLOOK 49
8. INDUSTRY ASSOCIATIONS 50
9. REFERENCES 51
9.1. Publications 51
9.2. Websites 52
Appendix 1 – South Africa’s Contribution to World Mineral Reserves, 2021 53

Historical Reports

South African Mining Industry Trends Report 2022-07-26
Manufacture and Wholesale of Machinery for Mining, Quarrying and Construction in South Africa 2022-07-08
The Manufacture and Wholesale of General Purpose Machinery in South Africa 2021-05-11
Mining of Iron Ore and Chrome in South Africa 2020-12-18
The Mining of Coal and Lignite and Coal Testing Laboratories in South Africa 2020-10-29
The Mining of Manganese in South Africa 2020-06-30
Mining of Precious Metals and Minerals In South Africa: Gold and Uranium, Platinum and Diamonds 2020-06-01
Stone Quarrying, Clay and Sandpits, and Mining of Phosphates 2019-12-13
Mining of Iron Ore and Chrome in South Africa 2019-11-15
The Mining of Coal and Lignite and Coal Testing Laboratories in South Africa 2019-05-02
Manufacture and Wholesale of Machinery for Mining, Quarrying and Construction 2019-02-28
Wholesale of Other Machinery 2018-12-14
Mining of Precious Metals and Minerals In South Africa: Gold and Uranium, Platinum and Diamonds 2018-08-13
Mining of Gold and Uranium in South Africa 2017-11-01
Stone Quarrying, Clay and Sandpits 2017-09-19
The Mining of Coal and Lignite and Coal Testing Laboratories in South Africa 2017-06-07
Mining of Platinum in South Africa 2016-12-14
Mining of Iron Ore and Chrome in South Africa 2016-10-18
Manufacturing of Machinery for Mining, Quarrying and Construction 2016-09-27
Mining of Gold and Uranium in South Africa 2016-05-23
Mining of Diamonds in South Africa 2015-12-03
The Mining of Coal and Lignite and Coal Testing Laboratories in South Africa 2015-11-25
Mining of Iron Ore in South Africa 2015-11-20
Mining of Chrome in South Africa 2015-07-29
Mining of Platinum in South Africa 2015-06-22
Stone Quarrying 2015-05-12
Mining of Gold and Uranium in South Africa 2015-03-16
Mining of Diamonds in South Africa 2014-06-23
The Mining of Coal and Lignite and Coal Testing Laboratories in South Africa 2014-02-14