Mining Sector Wages in South Africa

2.2 Industrial Relations in South Africa 8 2.3 Labour Laws in South Africa 10 ... 3.1 Worker Remuneration as a Percentage of Total Company Costs 17 3.2 Mining Wages in South Africa: A Sectoral Comparison 21 4. CONCLUSION 29 5. REFERENCES 31 6. APPENDIX: FIGURES AND TABLES 33 CONTENTS. 1. Background and Context 1

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Gold Mining Industry in 2024: Growth, Rising Costs, and …

Despite the overall increase in production, the gold mining industry has faced significant cost pressures. By the end of 2023, the average all-in sustaining costs (AISC) had reached a record-high of $1,342 per ounce.

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South Africa: The Prospects of Gold and Platinum

Unlike platinum, South Africa does not control that much of the world's supply of gold, so higher production costs could discourage gold mining companies from investing in South Africa. In fact, AngloGold Ashanti, the world's third-largest producer of gold, operates in 10 different countries, including South Africa, and is trying to diversify ...

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List of Problems Facing Gold Mining in South Africa

South Africa has been a significant gold producer for many years, but its gold reserves are declining rapidly. Gold mining companies are finding it increasingly difficult to discover new deposits of gold, and many are turning to other metals to maintain their profitability. 3. Labor Issues. Labor issues are a significant challenge for the gold ...

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Economic Impacts of Gold Production in South Africa

South Africa's gold industry has been the country‟s principal revenue earner, resulting in a robust economy with modern financial systems. Revenues from mining have provided South Africa with a vibrant infrastructure and a manufacturing sector comparable to developed ... providing just 13.3% of jobs and 15% of GDP. Labor costs are low, but ...

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Gold miners crippled by costs risk losing out on bullion's …

Analysts had high hopes for the industry, with gold among the best-performing commodities this year, surging more than 30% on the outlook for lower interest rates and geopolitical turmoil.

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South Africa is the most costly country for gold mining

New research from UK-based consultancy GFMS shows an all-in sustaining cost of over $1000 per ounce for South Africa; well above the global average. Mining is one of the …

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Africa Gold Advisory

Executive Summary[1] The U.S. Departments of State, the Treasury, Commerce, Homeland Security, Labor, and the United States Agency for International Development (USAID) are issuing this Advisory in light of increasingly concerning reporting related to the role of illicit actors in the gold trade, including the Wagner Group, to (i) highlight the opportunities and …

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Gold Mining Costs and Market Outlook Q2 2024: Overview …

Abstract In Q2 2024, gold mining companies experienced a continued rise in all-in sustaining costs (AISC), reaching $1,388 per ounce, driven by inflationary pressures on labor, royalties, and ...

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SA Mining Outlook: Challenges Persist, but Opportunities …

Both Socio Political challenges and community unrest and labor strikes are threatening operations and increasing production costs for mining companies, Mining Review Africa was told. Global economic fluctuations and these factors are making it a difficult environment for mining companies in South Africa.

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Economic Impacts of Gold Production in South Africa

South Africa's gold industry has been the country‟s principal revenue earner, resulting in a robust economy with modern financial systems. Revenues from mining have …

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The Decline of South African Gold Mining

A recent GFMS gold survey puts South Africa at the highest end of the cost scale among gold producers, but the country's gold mines remain important. In 2009, South Africa's gold mining industry earned about $6.35 billion in foreign exchange making it the country's second largest exporter behind platinum group-metals at about $7.6 billion.

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Analysing operational cost performance in selected gold …

Gold mines are essential for the economic well-being of South Africa. It is a job creator and contributes billions of Rands in taxes. South Africa has always been the leader in gold …

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A century of migrant labour in the gold mines of South Africa

Gold mining employment in South Africa is shrinking. Gold mining employment fell from approximately 475 000 in 1990 to 200 000 in 2002 to 160 000 in 2009 [28, 29]. This is accompanied by high ...

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Trends in productivity in the South African gold …

gold mining sector, competitiveness, productivity, industry cost curve, labour availability, labour utilization. ... Gold mining in South Africa started more than a century ago

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Tragedy in the depths: 78 dead, 246 rescued in …

At least 78 miners died while 246 were rescued from an illegal gold mine near Stilfontein, South Africa. The miners, many undocumented migrants from neighboring countries, were trapped underground for months after police …

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Migrant labour in South Africa's mining economy: the …

The mining industry was a fundamental part of the economy of South Africa in the late nineteenth century, and control of the region's gold mines was a significant factor in the tension between ...

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South Africa's gold production and reserves

The rising cost of gold mining, which can be attributed to rising electricity prices, increased labour costs, the age of operations, and increasing mining depth, is considered one of the main ...

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South Africa: gold mining employment 2011-2023 | Statista

In 2023, around 93,600 people were employed by South Africa's gold mining industry. In total, these employees earned some 34.3 billion South Africa rand (about 1.9 billion U.S. dollars) that year ...

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'Will I come back dead?' Human costs of South …

More than 50 people have died in the country's mines in 2018, roughly the same number as this time last year. While annual death tolls are far lower than the 615 in recorded in 1993 — the last ...

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The fight against illegal gold mining in South Africa faces …

Illegal gold mining has been on the rise for the past decade in South Africa. Worsening ore grades, rising costs (as shafts have been sunk ever deeper), bouts of labour and social unrest and falling investment in new mines have all contributed to a …

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Gold Miners Crippled by Costs Risk Missing Out on Bullion …

Mining Charter Analysis: Shaping South Africa's Future. ... Current gold mining operations are experiencing increased cost in factors such as labor, fuel and equipment maintenance costs which have been pushed up by inflation. These costs are especially painful for junior and intermediate mining companies that may not have the financial wiggle ...

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Roots of Apartheid: South Africa's Mining Industry

Although some mining had taken place in what is now South Africa centuries before Europeans arrived, 1 the modern mining industry emerged as the major shaper of South Africa's economy and race relations in the latter half of the 19 th century. Important diamond deposits were discovered at Kimberley in 1869. Gold was

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Gold Mining in South Africa

Gold Mining in South Africa; South Africa is a home for some of the world's largest gold mines covering about 4.2% of the world's production of Gold. ... High costs: South Africa faces high labor and energy costs, making it less competitive compared to other gold-producing countries. 3.

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A century of migrant labour in the gold mines of South …

By 1932 South Africa and its highly cost-sensitive gold mining industry were enjoying a windfall. In that year the country departed from the Gold Standard, new gold-bearing formations were found, and the gold price rose. These windfalls gave industry 66 MARCH 2004 The Journal of The South African Institute of Mining and Metallurgy

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Mining Sector Wages in South Africa

• Government of South Africa (especially the DMR) (e.g., contribution of mining sector to the South African economy, etc.); • Financial Statements of the JSE-listed mining firms (e.g., …

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Why Is South African Gold Mining Struggling?

Amidst the economic challenges facing South African gold mining operations, labour exodus, profit-sharing agreements, and the impact of HIV/AIDS endemic among mine workers are significant factors influencing the industry's …

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AN INTEGRATED APPROACH TO REDUCE OPERATING …

AN INTEGRATED APPROACH TO REDUCE OPERATING COST FOR GOLD MINES. *M.M. Qwathekana1 and M.L. Masilela2 1Muluma Management Consulting Group, South Africa [email protected] 2Muluma Management Consulting Group, South Africa [email protected] ABSTRACT The mining of gold ore is a lucrative industry, but it is …

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Trends in productivity in the South African gold mining …

Profit margins are being squeezed by rising costs and decreasing commodity prices, while labour productivity is greatly affected by intermittent labour unrest. This paper analyses how the South …

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Gold Cost Curves

Gold Cost Curves In 2017, the total Rand cash operating costs and all-in sustainable costs per ounce of gold produced from South African gold mines have risen by 9% and 8% year-on-year respectively, primarily as a result of increased labour and electricity costs as well as …

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Migrant Workers, Artisanal Gold Mining, and "More-Than …

In South Africa, criminal gold diggers, young men who migrate to Johannesburg for work and the excitement urban life affords, climb and crawl through abandoned gold mines that rank among the world's deepest hard rock diggings (World Bank, 2019).Remaining underground for days, and sometimes weeks or months on end, they use hand tools and small explosive …

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Cash Cost per Tonne

Labor remains one of the most significant expenses in the mining industry. The cost of skilled labor, compliance with local labor laws, and competitive wages all impact cash cost per tonne. ... Africa, South America) Calculation Breakdown: Barrick Gold's cash cost per tonne is calculated primarily based on operational expenses in its open-pit ...

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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.

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Depopulating the compounds: Migrant labor and mine housing in South Africa

Production and profit in the South African gold mining industry have long been based upon the employment of cheap black migrant labor. The central institution in the migratory labor system is the compound or hostel. ... monthly mortgage payments, property taxes, and maintenance costs. The mining companies expect the South African state to ...

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How to profit from low-grade gold mines

Along with a low strip ratio, the other factors helping Atlantic Gold control costs are: the mine's close proximity to labor, suppliers and the airport; a 1.5 g/t grade; and ease of gold recovery.

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The future of gold in South Africa

Cost and Labor: Maintaining profitability in South Africa's remaining gold mining industry requires improving wages and working conditions, despite rising operational costs and labor-intensive processes.

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CSR and Labor Policies in the South African Mining Industry

Due to the rise of labor costs and labor unrest, the industry has seen losses over the years. The COVID-19 pandemic has also exacerbated the losses. ... Kamunda, C., Mathuthu, M., & Madhuku, M. (2016b). Health risk assessment of heavy metals in soils from Witwatersrand Gold Mining Basin, South Africa. International Journal of Environmental ...

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Tragedy in the depths: 78 dead, 246 rescued in South Africa…

At least 78 miners died while 246 were rescued from an illegal gold mine near Stilfontein, South Africa. The miners, many undocumented migrants from neighboring countries, were trapped underground for months after police cut off their food and water supplies in a controversial crackdown on illegal mining. Authorities removed a pulley system used to deliver …

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In-Depth Analysis of South African Gold Mining Industry

With gold prices fluctuating, the dynamics of labor, and ongoing technological advancements, the narrative of South African gold mines is not merely that of extraction—it's a story of resilience, …

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