South Africa’s mine production value exceeded R1tr for the first time in 2021

South Africa’s mine production value exceeded R1tr for the first time in 2021

South Africa’s mineral production achieved record values in 2021, exceeding R1-trillion for the first time, buoyed by strong commodity prices and giving the domestic economy a vital injection of higher taxes, wages and increased employment.

This is according to industry body the Minerals Council South Africa’s ‘Facts and Figures 2021’, a yearly publication that provides in-depth data and insights into the status and performance of the mining industry and its contribution to the economy. The performance of the mining industry after two years of disruptions caused by the Covid-19 pandemic played a critical role in stabilising South Africa’s economy, which […]

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.