SA mining sector could create 14,000 jobs in the next 10 years - minister

By bne IntelliNews October 29, 2013

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.

Related Articles

Russia's Rosneft sets foot in Mediterranean with $1.125bn Eni deal

Russia's largest oil producer state-controlled Rosneft has acquired 30% in the largest natural gas field in the Mediterranean from Italian Eni, the company announced on October 9. Rosneft that ... more

PetroSA, Rosgeo sign $400mn oil and gas exploration agreement for South Africa

South Africa's national oil company PetroSA and Rosgeo, the geological exploration company of the Russian Federation, have signed an agreement on a $400mn oil and gas development project in South ... more

South Africa’s MTN to invest $350mn in Iranian broadband

South Africa’s MTN said it has agreed, on a non-binding and preliminary basis, to invest an initial $350mn into Iranian fixed broadband provider Iranian Net. The investment will give ... more