THE minerals council in South Africa aims to reposition the country’s mining industry as its chief industrial sector.
As a preliminary step towards achieving this, the council seeks a two-fold increase in real investment in the mining sector by 2030.
This target will be made possible through council partnerships with major stakeholders in the creation of a valuable policy, legislative and operating environment.
In line with the country’s National Development Plan, this target aims at enhancing South Africa’s economic growth and its developmental and transformational vision.
The mining and quarrying sector’s contribution to the country’s gross domestic product (GDP) reached 4.6 percent in 2020, down from 10 percent in 1993, according to data from Statistics South Africa.
Despite the fall over the years, South Africa is still among top mining destinations in the world.
In addition, its mining sector has a significant positive impact on economic activity, job creation and
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