The mining sector in South Africa could generate around 14,000 jobs in the next 10 years, Business Day daily reported, quoting the country’s Mineral Resources Minister Susan Shabangu. The sector has already generated 11,754 new jobs by the end of 2012, but the global economic situation had a negative impact on this.
The number of operating mines and quarries increased by 59.01% from 2004 to 1,579 in 2012.
Mining directly accounts for 6% of South Africa's GDP and for 18% indirectly. South Africa is the world's biggest supplier of platinum and a major gold producer. Mining accounts for about 60% of the country’s export revenues.
Rainbow Rare Earths (LSE:RBW), a London-listed critical minerals company focused on producing magnet rare earth elements (REEs), reported preliminary results for the year to June 30, 2025, outlining ... more
Tanzania’s National Electoral Commission (NEC) has declared President Samia Suluhu Hassan the winner of the October 29 presidential election, reporting that she secured 97.66% of the vote. The ... more
British energy major BP (LSE, NYSE:BP) has started up the RW5 gas well in Egypt’s West Nile Delta (WND) project, adding around 80mn cubic feet per day of additional supply, Al Mal reported on ... more