Mining Indaba: Mining sector contributed 6% to SA’s total nominal GDP in the first three quarters of 2024.
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GUEST - Hugo Pienaar – Chief Economist, Minerals Council South Africa
The South African mining industry remained under pressure in 2024 as lower non-gold commodity prices and remaining logistical bottlenecks diluted the positive impact stemming from the absence of mining load curtailment since end-March 2024.
This meant that from depressed levels in 2023 there was only a marginal improvement in real mining production during 2024.
Notwithstanding the remaining mining sector challenges, in its annual Facts & Figures 2024 booklet summarising the performance of the South African mining industry and its contribution to society and the country.
The South African mining industry remained under pressure in 2024 as lower non-gold commodity prices and remaining logistical bottlenecks diluted the positive impact stemming from the absence of mining load curtailment since end-March 2024.
This meant that from depressed levels in 2023 there was only a marginal improvement in real mining production during 2024.
Notwithstanding the remaining mining sector challenges, in its annual Facts & Figures 2024 booklet summarising the performance of the South African mining industry and its contribution to society and the country.