The downturn in commodity prices is having a particularly negative effect on South Africa, especially manganese, platinum group metals, iron ore and coal. According to StatsSA's mining production figures as of the end of March, volumes have declined a staggering 18 percent from the same time a ...
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S outh32 has become the latest mining group to back out of coal by signalling its intention to exit its thermal coal business in South Africa.. Graham Kerr, chief executive, admitted that thermal coal, used in power plants, had become an unattractive to investors and "difficult to price" over the long term.
South African companies hold a considerable number of high value patents related to mining. 10% of the gross domestic product (GDP) of South Africa is generated by mining companies such as De Beers Consolidated Mines, the Anglo American Group and others.
Coal costs and prices. Although coal mining productivity in South Africa is comparatively poor compared with other world exporters (6500 tonnes/man-year on average, or 3700 tonnes/man-year if outside contractors are included), the costs per tonne are relatively low, mainly due to low wages.
To a lot of people, mining is old. The industry itself is ancient, sure. But I'm referring to people who see that the median age of coal miners is 44.7 and 46.7 for nonmetallic mineral miners. It looks like a "graying" industry to these people. On average, mining workers are much older than ...
It is perfectly true that coal-fired power stations, and their associated mining operations, used to be massive pollutants of the air and their environment.The coal industry's fate is dependent on three major highly flawed arguments being used against it.