The Mineral Industry of South Africa in 2014
2014 Minerals Yearbook SOUTH AFRICA U.S. Department of the Interior December 2017 U.S. Geological Survey THE MINERAL INDUSTRY OF SOUTH AFRICA By Thomas R. Yager The Republic of South Africa remained one of the world’s 26% by 2014. Companies are allowed to use the value of their leading mining and mineral-processing countries. In 2014, domestic beneficiation activities as credit for up to 11% of South Africa’s estimated share of world mined platinum their black ownership requirements. Companies are required to production amounted to 64%; refined rhodium, 56%; refined purchase 70% of their services, 50% of their consumable goods, platinum, 55%; chromite ore, 52%; kyanite and other materials, and 40% of their capital goods from BEE entities by 2014. 50%; vermiculite, 38%; mined palladium, 30%; manganese, Companies are also required to report progress annually on 29%; vanadium, 25%; refined palladium, 23%; refined gold, the development of near-mine communities, the sustainability 9%; mined gold, 5%; coal and fluorspar, 4% each; mined cobalt, of growth and development, and mineral beneficiation iron ore, and nickel, 2% each; aluminum, bentonite, refined (Creamer, 2010). cobalt, ferrosilicon and silicon metal combined, phosphate In September 2013, the Government issued a directive that rock, and silica sand, 1% each. South Africa also played a mandated that scrap metal dealers offer domestic buyers the globally significant role in the production of diamond, ilmenite, opportunity to purchase scrap metal at a discount of 20% to rutile, and zircon (BP p.l.c., 2015, p. 32; Cobalt Development international spot prices before receiving a permit to export Institute, 2015; CPM Group, 2015, p.
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