Chamber of Mines [logo]

INTEGRATED ANNUAL REVIEW 2017

Making Mining Matter

Integrated Annual Review [PDF]
Consolidated financial statements [PDF]
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Leadership

The Chamber of Mines is committed to taking a leadership position in the South African mining space, working with its members and key stakeholders in becoming the most-respected, capable and trusted advocacy organisation for the entire mining sector.

Mxolisi Mgojo, president

LETTER FROM THE PRESIDENT

The overriding objective is to press the “reboot” button with stakeholders.

MXOLISI MGOJO
READ THE LETTER [105KB]
Roger Baxter, CEO

CHIEF EXECUTIVE’S REVIEW

A major focus of our work in 2017 related to the fight for ethical leadership and good governance.

ROGER BAXTER
READ THE REVIEW [137KB]

MINING’S CONTRIBUTION

Mining is a ‘SUNRISE INDUSTRY’ and it remains the “flywheel” of the South African economy.

  • 464,667
    direct jobs

  • Approximately
    4.5 million
    dependants supported

  • R151.5 billion
    annual employee
    earnings

Mining's contribution to the South African economy in 2017

  • Exports of R307 billion (R295 billion in 2016) representing 27% of the country’s R1.1 trillion total
  • Production rose to R630 billion (R574 billion in 2016)
    – 7.4% of R8.6 trillion South African production
  • Value added rose to R334 billion (R307 billion in 2016)
    – 6.8% of R4.6 trillion South African value added
  • Mining sector employment rose to 464,667 (457,290 in 2016)
    – 6.1% of private non-agricultural employment or 4.8% of total non-agricultural employment
  • Gross fixed investment in mining grew to R80.9 billion (R67.6 billion in 2016) representing 18.2% of private and 10.8% of total fixed investment in the economy

Mining really does matter for South Africa

Operating environment

Case study

Mining has potential to uplift but needs state support

In 2017, we conducted a survey among our members in an attempt to understand the investment and employment potential of the mining sector in the event of a return to best practice in policy, legislation and regulation formulation.

Read more [55KB]

The sector as a whole struggled to remain profitable. This was mainly due to commodity prices not improving strongly and domestic costs continuously rising. Mining input costs increased by nearly 6% over the same period.

For a full overview of the mining sector's economic performance in 2017:

Download the PDF [275KB]

Areas of focus