Mining

The mining industry has long been a driving force behind South Africa’s economic growth. In 2010 it contributed 18% of GDP, and the country’s total reserves, while diminished, remain some of the world’s most valuable, with an estimated worth of $2.5trn. South Africa is perhaps best known for its gold, diamond and platinum riches but its wealth in other metals and minerals have also helped support industry as new economic sectors have developed. However, the industry is widely perceived to have experienced an extended period of decline. Significant steps forward will be required in infrastructure provision, the development of a market-friendly mining policy, human resources improvement and the encouragement of major investment in the industry. This chapter contains interviews with Susan Shabangu, Minister of Mineral Resources; Bheki Sibiya, CEO, Chamber of Mines; Godfrey Gomwe, Executive Director, Anglo American South Africa; Nick Holland, CEO, Gold Fields; and Andile Sangqu, Executive Director, Xstrata South Africa.