https://www.miningweekly.com
Africa|Coal|Export|Indaba|Iron Ore|Joburg Indaba|Lifting|Logistics|Mining|rail|Services
Africa|Coal|Export|Indaba|Iron Ore|Joburg Indaba|Lifting|Logistics|Mining|rail|Services
africa|coal|export|indaba|iron-ore|joburg-indaba|lifting|logistics|mining|rail|services

Expanding bulk mineral exports can lift employment to 500 000 direct jobs

An opportunity for South Africa to become a lot more globally competitive.

An opportunity for South Africa to become a lot more globally competitive.

11th October 2022

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Expanding bulk mineral exports can increase employment to 500 000 direct jobs, up on the 459 000 of last year.

What is generally required is for South Africa to lift its export performance to levels of existing capacity.

The reward is R151-billion worth of extra export revenue.

As measured by delivered tonnages compared with contracted tonnages, in 2022 the opportunity cost for all bulk minerals – iron-ore, coal, chrome, ferrochrome and manganese – was R50-billion.

But this is not opportunity cost, this is opportunity lost, Minerals Council South Africa CEO Roger Baxter highlighted at the Joburg Indaba, covered by Mining Weekly.

Increased taxes from this would be R27-billion. Roughly 19% of every rand earned from exports comes back in tax revenue to the fiscus.

Increasing coal to 91-million tons to meet the existing capacity of the Richards Bay Coal Terminal would add an additional R92-billion.

Taking iron-ore exports to 67-million tons would add another R33-billion to the export total.

Five-billion rand extra would accrue from lifting chrome exports to 15-million tons.

The country could get R18-billion more by exporting four-million tons of ferrochrome – and another R3-billion could be obtained from more manganese going to market.

It all hinges on getting logistics right through a partnership of State-owned companies and the mining companies themselves.

Improved rail and port services are a must because of the major benefits that will accrue.

“We need to make sure that in partnership we are focused on improving our performance and how we compete on that international playing field.

“We can be a lot more globally competitive and we think this is an opportunity for us,” Baxter emphasised.

Edited by Creamer Media Reporter

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On The Air (19/07/2024)
19th July 2024 By: Martin Creamer
Platinum, diamonds, hydrogen make headlines
Platinum, diamonds, hydrogen make headlines
19th July 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.171 0.208s - 144pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: