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The Mining Sector Innovation Strategies Implementation Plan 2012/13–2016/17

Author: Technology Innovation Agency
Organisation: Technology Innovation Agency
Publish Date: 2012
Country: South Africa
Sector: Mining
Method: Scenarios
Theme: Finance
Type: Report
Language: English
Tags: Mining industry, Minerals, Research and development, Stakeholders, Opportunities, New technologies

South Africa's economic growth has been and will continue to be closely linked to the mining industry. The country is one of the world's most important mining countries in terms of the variety and quantity of minerals produced. According to a Citigroup 2010 research report, South Africa is the world’s richest country in terms of its non-energy mineral reserves, worth an estimated $2.5 trillion while Eco Partners estimates the country’s total in situ resources at US$4.71 trillion3. South Africa has the world's largest reserves of Platinum Group Minerals (PGM's), chrome, gold, vanadium and manganese. South Africa is also ranked first for the production of PGMs, manganese, chrome and vanadium; second for zirconium and titanium production; and third for gold production. The importance of the sector to the South African economy necessitate that its role players within their respective mandates, enhance the mining industry’s competitiveness.
Located in: Resources
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