why is it worth mining coal in south africa

The future of coal in South Africa

Recently, it has been recorded that the South African coal sector exceeded 21% (over R130-billion) of total mining revenues. The …

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Why Mining Matters – Anglo American South Africa

In South Africa we mine four major commodities; platinum, thermal coal, diamonds and iron ore. All of these play a role, big or small, in our everyday lives. Thermal Coal. In South Africa coal is power, because coal is what South Africa uses to generate most its electricity. In fact, thermal coal is the most abundant source of fossil fuel ...

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South Africa's Miners Addressing Climate Change …

Two of the four most significant minerals in South Africa's commodity footprint are at risk of reduced demand in the future: thermal coal and platinum group metals (PGM—platinum, palladium, rhodium). …

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South Africa Coal Sales Surge

South Africa's coal sales to Europe rose eight-fold during the first half of 2022 compared with last year as demand for the fossil fuel surged ahead of a ban on Russian coal, Thungela Resources said on Monday. ... South African coal concern Thungela's Chief Financial Officer Deon Smith said "It's worth noting that coal exports …

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About Coal Mining Matters. Coal Mining Matters is an initiative by South African coal producers, under the auspices of the Minerals Council South Africa, to provide insight into the coal industry and its contribution to the South African economy and society at large. The aim is to provide accurate, honest and balanced information about coal's ...

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THE COAL VALUE CHAIN IN SOUTH AFRICA

South Africa has long been an international outlier as a producer and consumer of coal. In 2019, it accounted for 3,6% of global coal production compared to 0,4% of the worlds gross domestic product and 0,8% of its population. In the 2010s, coal fuelled over 80% of South

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South African Coal Mining Techniques | Methods, Impact

It involves creating underground tunnels and chambers to access and extract the coal. The two main underground mining methods used in South Africa are: 4.2.1. Room and Pillar Mining. Room and pillar mining is a method where coal is extracted in a series of rooms, leaving pillars of coal to support the roof.

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South Africa: mining revenue 2013-2023 | Statista

In 2023, the total revenue of South Africa's mining industry was 654 billion South African rand (around 34.8 billion U.S. dollars). The mining industry in South Africa has seen a doubling of its ...

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Coal at risk of being stranded in South Africa amid rail woes

For more financial news, go to the News24 Business front page. Coal in South Africa, which has the largest proven reserves of the fuel on the continent, is at risk of becoming stranded following a plunge in prices and collapse of the nation's rail network. Prices for the dirtiest fossil fuel have slumped about 70% after reaching a record in 2022.

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COP26: South Africa hails deal to end reliance on …

South Africa is set to receive $8.5bn (£6.2bn) to help end its reliance on coal in a deal announced at the COP26 climate summit. President Cyril Ramaphosa has called it a "watershed moment".

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Why Is Coal Still King in South Africa? — Columbia Political …

Coal deposits have declined since 2022 and been subject to the worst outageson record. Supposedly far more threatening to the industry is the Just Energy Transition Partnership (JETP), a program pioneered by South Africa following the 2021 COP-26 to phase out coal reliance. However, two years later, coal still dominates the …

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THUNGELA DELIVERS AN OUTSTANDING SET OF RESULTS

Thungela is a coal mining leader responsibly creating a shared future in South Africa. ... In the short term, fixing the rail network is a matter of critical importance to South Africa as the mining industry delivers far-reaching benefits such as sustained jobs and livelihoods in our communities, and it contributes significantly to the economy. ...

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The Future of South African Coal: Market, Investment, and …

The paper first examines the industrial organisation and political-economy of the coal sector in South Africa. An overview is provided of coal mining companies, how the current market structure emerged historically, the development of rail and port facilities, and coal costs and prices. Policy and legislative developments are also described.

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Why Coal Is Crucial To South Africa's Success

Coal mining in South Africa is a major contributor to the economy and provides employment opportunities for tens of thousands of workers. The industry is also a significant contributor to the country's greenhouse gas emissions, with coal-fired power plants accounting for around 40% of total emissions. Despite these environmental …

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(PDF) THE COAL VALUE CHAIN IN SOUTH AFRICA

South Africa has long been an international outlier as a producer and consumer of coal. In. 2019, it accounted for 3,6% of global coal production compared to 0,4% of the world's gross. domestic ...

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(PDF) Evaluating Impacts of Coal Mining in South African …

This study, therefore, evaluates the impacts of coal mining in South Africa relative to achieving society 4.0 in the country. Mpumalanga province was used as a case study as mining activities are ...

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Five largest coal mines in South Africa in 2020

Here are the five largest coal mines by production in South Africa, according to GlobalData's mining database. 1. Grootegeluk Mine. The Grootegeluk Mine is a surface mine located in Limpopo. It is owned by Exxaro Resources and produced an estimated 28.864 MTPA of coal in 2020. The mine will operate until 2040.

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Glencore to sell Optimum Coal Mine in South Africa for …

December 14, 2015. Share this article. Anglo-Swiss miner Glencore has provisionally agreed to sell its optimum coal mine in South Africa to Tegeta Exploration and Resources for $136m. The deal will save the mine from closure, as well as an expected 500 jobs. In August, Glencore announced that it was putting Optimum Coal Holdings and Optimum ...

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Why there's resistance to coal mining at a world heritage site in South …

About 77% of South Africa's primary energy needs are provided by coal. Mining in Limpopo represents about 13% of South Africa's total mining sales, with South Africa's overall coal ...

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South Africa: value added to GDP by mining 2016-2023 | Statista

Research Expert South Africa. Get in touch with us now., Mar 5, 2024. In 2023, the mining sector in South Africa contributed an added value of approximately 202.05 billion South African Rand ...

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List Of Coal Mines In South Africa (2023)

The Tshikondeni mine started operating in 1984 as an underground high-quality hard mine. The mine is located 100km east of Tshipise and 17km south-east of Masisi, adjacent to the Levuvhu River and in the vicinity of the Kruger National Park. Address: Tshikondeni Mine, Thohoyandou, 0950, South Africa. Phone: +27 15 966 5097.

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Thungela

Thungela is a coal mining leader responsibly creating a shared future in South Africa. ... Thungela's operations are among the highest quality thermal coal mines in South Africa by calorific value. Thungela also holds a 50% interest in Phola, which owns and operates the Phola Coal Processing Plant, and a 23% indirect interest in …

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The future of coal in South Africa

Recently, it has been recorded that the South African coal sector exceeded 21% (over R130-billion) of total mining revenues. The sector generated about 53% of the total local sales revenue of R159 ...

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Mining Weekly

Menar coal and anthracite projects, South Africa – update. 15th September 2023 By: ... The construction of Phase 1 comprises opencast mining from a reserve of 14.3-million tons. Phase 1 of the ...

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COAL IN SOUTH AFRICA

Coal has traditionally dominated the energy supply sector in South Africa, from as early as 1880 when coal from the Vereeniging area was supplied to the Kimberly diamond fields. The later gold discoveries in the Witwatersrand and the growing rail infrastructure placed increasing demands on coal. As South Africa evolved into a mining giant, coal was

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Economic Impact of South African Coal

The coal mining industry in South Africa is a major employer, providing jobs to a significant number of people, both directly and indirectly. From mine workers and engineers to support staff and logistics personnel, the industry creates employment opportunities across multiple sectors. Additionally, coal mining contributes to …

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South Africa Coal Production, 1981 – 2022 | CEIC Data

South Africa Coal Production data is updated yearly, averaging 223.560 Tonne mn from Dec 1981 to 2021, with 41 observations. The data reached an all-time high of 261.399 Tonne mn in 2014 and a record low of 130.420 Tonne mn in 1981. South Africa Coal Production data remains active status in CEIC and is reported by BP PLC.

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South Africa: coal mining employment 2011-2022 | Statista

South Africa's coal mining industry employed nearly 91,000 people as of 2022. In total, coal mining personnel earned some 31.7 million rand that year. The mining industry is an important part of ...

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EXCLUSIVE: The future of coal in South Africa literally rests …

The future of coal and coal mining t 2050 in South Africa. The above leaves the coal industry in an uncertain position. There are basically two stark choices. ... South Africa's coal reserves are estimated at around 53 billion tons and nominal sales from coal mining in South is an estimated R110.6 billion in 2016, an increase of 314% from ...

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