nationalism of mines in south africa

Nationalisation Of The Mines In South Africa Economics Essay

South Africa is currently engaged in a heated debate on whether to nationalize the country’s mines, the outcome of which will greatly affect the future of the economy as well as the well being of millions of individuals. Nationalization is “the act of taking assets into state ownership. Usually it refers to private assets being nationalized.”(wordiq). Nationalisation is generally ...

Resource nationalism threatens Africa’s mining boom SAIIA

Nevertheless, some recent mining disputes tied to African resource nationalism really belong in a grey area. As noted in a recent African Development Bank report, while the price of gold surged more than five-fold since 2000, Africa’s gold-producing countries did not cash in sufficiently. This is due to the approximately three percent royalty on gold production agreed by those governments in ...

Factors for Nationalism in South Africa - Blogger

Ø Forced labour, people in South Africa were forced to work into the white economic center, for example into the mining while they were paid low wages. This was aiming at fulfilling the interests of the whites in South Africa. The discovery of minerals spread

What rising resource nationalism in Africa means for ...

Resource nationalism continues to shape industrialization strategies in the sector, as seen through the recent and contentious South Africa’s draft Mining Charter (2018). Its 2017 Mining Charter predecessor aimed to bring about arrangements for broadly-based black economic empowerment (BEE) for historically disadvantaged South Africans ( HDSA s ).

Bold steps needed in South African ... - Mining Review Africa

The Chamber of Mines (now called the Minerals Council South Africa) has established an Emerging Miners Desk and they assist the emerging miners on a variety of issues, but the assistance is advisory in nature, and the compliance costs are still a big factor. In a report entitled “Developing a viable emerging and Junior Mining Sector in South Africa” by the Chamber of Mines dated 6 ...

List of coal mines in South Africa - Briefly

South Africa is the biggest producer of hard coal in Africa, and it is a significant global player. The Source Watch ranks this African giant at number five, just behind China, the USA, India, and Australia; while World Atlas ranks the country at number seven with Indonesia and Russia taking fifth and sixth place respectively after the first four. . It is also estimated that about 90% of South ...

NATIONALISATION IN The Reasons to Nationalise SOUTH AFRICA

minerals. South Africa is no different. China has adopted a system whereby they classified their industries as either “strategic”, “key”, “basic”, “pillar” and “other” industries. The strategic industries are where nationalisation is focussed and downstream and side-stream development focussed. The Beneficiation Strategy of South Africa was not informed by this form of ...

Advantages and disadvantages of nationalising mines

If the mining sector is nationalised, this would entice the government to sell more minerals within the South African borders rather than export these minerals to foreign countries. If mines were to be nationalised, then the revenue generated would be part of national revenue, and thus would benefit the entire country. Economic development and the total well being of the individual will be ...

Mining: Resource nationalism all the rage - The Mail ...

David Humphreys, who has served as an analyst for Rio Tinto and Russia's top mining company, Norilsk Nickel, a major sponsor of the African mining indaba, said this week that resource nationalism ...

Mining industry of South Africa - Wikipedia

Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later.

Community issues and resource nationalism ... - LEX Africa

South Africa also introduced the concept of historically disadvantaged South Africans (“HDSA”) and a mining charter to deal with various aspects of incorporation of HDSA’s into the mineral mining industry including in respect of ownership thereof. Furthermore from 1 March 2010, royalties are payable to the State on all mining operations and draft amendments to the mining legislation with ...

Mining nationalism rises in Africa – What you need to

Although resource nationalism is not uniformly gaining ground across the continent — for example, Liberia and South Africa have shown signs of becoming less volatile toward mining companies — newly elected governments often seek to score political points by renegotiating agreements struck under opposition governments. When Foday Rado Yokie, Sierra Leone’s mining minister, took office in ...

Disadvantages Of Nationalized Mining Industry In South

Disadvantages Of Nationalized Mining Industry In South Africa; To Nationalize or Not? The Pros and Cons of South . Since nationalized industries are typically not run for-profit, South Africa’s mining industry could ultimately fall behind other countries’ mining industries, such as Chile or Russia, ultimately decreasing the efficacy and overall profit of the mining industry and its ...

NATIONALISATION IN The Reasons to Nationalise SOUTH AFRICA

minerals. South Africa is no different. China has adopted a system whereby they classified their industries as either “strategic”, “key”, “basic”, “pillar” and “other” industries. The strategic industries are where nationalisation is focussed and downstream and side-stream development focussed. The Beneficiation Strategy of South Africa was not informed by this form of ...

MINING IN TANZANIA Resource nationalism on Tanzanian agenda

The calls for greater resource nationalism across Africa are likely to increase for the remainder of the year and into 2020. Further, Beech tells Mining Weekly that Africa has one of the largest untapped workforces in the world, and a section of Tanzania’s population – aged from 18 to 25 years, similar to those of many African countries – yearns for education, as this is often seen as ...

Wish you were mine - Resource nationalism in Africa

South Africa, home to the greatest mineral wealth in the world, estimated to be worth $2.5 trillion, is considering imposing a swingeing 50% windfall tax on mining “super profits” and a 50% ...

DEMYSTIFYING THE RESOURCE NATIONALISM: HOW SOUTH AFRICA ...

1.1 OVERVIEW OF SOUTH AFRICAN MINING INDUSTRY . South Africa is blessed with mineral wealth and is home to 52 commodities (Chamber of Mines Report, 2010). Citigroup reported that the untapped mineral wealth of South Africa was estimated at 2.5 trillion United States Dollars (USD) and made South Africa the richest country in terms of these ...

Resource Nationalism Republic of Mining

MINING NATIONALISM RISES IN AFRICA – by Henry Sanderson, Harry Dempsey and Neil Munshi (Ozy – October 13, 2019) October 15, 2019 in Africa Mining, International Media Resource Articles, Resource Nationalism. 3. Tuesday Homepage. Sierra Leone’s abrupt cancellation of an iron ore mining license last week has raised concerns about a resurgence of resource nationalism across the ...

African Nationalism South African History Online

African nationalism, in South Africa, also embraces the concept of a Pan Africanism. It is a modern phenomenon which tries to build a nation within a specific geographic area. The ideal for South Africa among members of the African nationalist movement was a multiracial, democratic society””i.e., the broadest and most inclusive kind of nationalism - with equality and equity; there would be ...

The Rise of Resource Nationalism? - The Southern African ...

Chapter 4 The African experience of resource nationalism ..... 97 The nationalisation and reprivatisation of the Ashanti goldfields in Ghana..... 97 Ashanti Goldfields during nationalisation ..... 97 Re-privatisation.....98 The impact of re-privatisation reforms on the Ghanaian mining sector.....99 Lessons from Ghana ..... 100 Ghana today..... 100 Zambian nationalisation and subsequent ...

Community issues and resource nationalism ... - LEX Africa

South Africa also introduced the concept of historically disadvantaged South Africans (“HDSA”) and a mining charter to deal with various aspects of incorporation of HDSA’s into the mineral mining industry including in respect of ownership thereof. Furthermore from 1 March 2010, royalties are payable to the State on all mining operations and draft amendments to the mining legislation with ...

Mining nationalism rises in Africa – What you need to

Although resource nationalism is not uniformly gaining ground across the continent — for example, Liberia and South Africa have shown signs of becoming less volatile toward mining companies — newly elected governments often seek to score political points by renegotiating agreements struck under opposition governments. When Foday Rado Yokie, Sierra Leone’s mining minister, took office in ...

DEMYSTIFYING THE RESOURCE NATIONALISM: HOW SOUTH AFRICA ...

1.1 OVERVIEW OF SOUTH AFRICAN MINING INDUSTRY . South Africa is blessed with mineral wealth and is home to 52 commodities (Chamber of Mines Report, 2010). Citigroup reported that the untapped mineral wealth of South Africa was estimated at 2.5 trillion United States Dollars (USD) and made South Africa the richest country in terms of these ...

MINING IN TANZANIA Resource nationalism on Tanzanian agenda

The calls for greater resource nationalism across Africa are likely to increase for the remainder of the year and into 2020. Further, Beech tells Mining Weekly that Africa has one of the largest untapped workforces in the world, and a section of Tanzania’s population – aged from 18 to 25 years, similar to those of many African countries – yearns for education, as this is often seen as ...

Mining Nationalism Rises in Africa - MSN

Although resource nationalism is not uniformly gaining ground across the continent — for example, Liberia and South Africa have shown signs of becoming less volatile toward mining companies ...

Resource nationalism in the South African mineral sector ...

Resource nationalism in South Africa In the South African context, with the mineral sector serving as a pillar of its economy, the Minerals and Mining Policy for South Africa (Mineral Policy8) released in October 1998 outlined the ‘resource nationalism’ objectives of the country. The intention is ‘to develop South Africa’s mineral wealth to

Mining Nationalism Rises in Africa - What you need to

Mining Nationalism Rises in Africa - What you need to know. 129. VIEWS . Share on Facebook Share on LinkedIn. Sierra Leone’s abrupt cancellation of an iron ore mining license last week has raised concerns about a resurgence of resource nationalism across the continent. The action is the latest in a string of disputes between governments and mining companies in Africa, which is home to rich ...

Why nationalisation won't work Fin24

Chile’s success in running nationalised mines is in no small part due to the fact that Chilean mining schools have historically produced more than double South Africa’s number of mining engineering graduates. '“These Spanish-speaking engineers are also less mobile than South African graduates in the English language dominated world of ...

Problems in the mining industry in South africa - ECDPM

Mining in South Africa has always been an enclave industry, albeit with substantial impact on the rest of the economy. In the main, minerals have been extracted from deep levels, subjected to some basic processing and then exported as ores without a great deal of beneficiation or fabrication. For instance we do not have substantial gold or diamond manufactured products capabilities despite ...

Debate on Nationalising the Mines in South Africa

A storm erupted in policy circles in South Africa after Julius Malema the leader of the African National Congress Youth League (ANCYL) boldly proclaimed the need for the mining industry in South Africa to be nationalized. The demand was predicated on fulfilling the vision of the Freedom Charter, which was adopted at Kliptown in 1955 as the ‘manifesto’ of the liberation struggle.