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Mining Indaba: Mining sector contributed 6% to SA’s total nominal GDP in the first three quarters of 2024.

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GUEST - Hugo Pienaar – Chief Economist, Minerals Council South Africa

The South African mining industry remained under pressure in 2024 as lower non-gold commodity prices and remaining logistical bottlenecks diluted the positive impact stemming from the absence of mining load curtailment since end-March 2024.

This meant that from depressed levels in 2023 there was only a marginal improvement in real mining production during 2024.

Notwithstanding the remaining mining sector challenges, in its annual Facts & Figures 2024 booklet summarising the performance of the South African mining industry and its contribution to society and the country.
5 Feb 3PM English South Africa Business News · Investing

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