TRADE AND INVESTMENT LIMPOPO
OF SOUTH AFRICA

“The link to business growth”



The Mining and Minerals.

  MINING AND MINERALS

 MINING INVESTMENT OPPOTUNITIES

Limpopo is well endowed with a wide variety of minerals, some of the more important of which are mentioned below. The Minerals Bureau has records of just over 70 operating mines in the province, 50 of which are small to medium scale mines. The larger mining operations in the province include the Venetia diamond mine (De Beers), Tshikondeni collieries, the Amandelbult, Northam, Potgietersrust, Lonmin’s Limpopo Platinum mine , Marula and Modikwa platinum mines and the copper and phosphate operations at Phalaborwa (Foskor). Between them, these deposits accounted for some 80% of the provinces mineral revenue.

MINING’S CONTRIBUTION TO THE GDP OF SOUTH AFRICA AND THE PROVINCE

Nationally

The relative size of Mining Sector in comparison with other sectors is 7, 7 percent for 2007 and its contribution to the GDP at current prices is R135, 5 billion at current prices for the year 2007. This can be expanded further to account for individual metal areas, which are:
• Coal R21.26 billion or 1.3%
• Gold R25.9 billion or 1.7%
• Platinum Group Metals R32.6 billion or 2.1%
• Other metal ores R26.1 billion or 1.7% and
• Other mining and quarrying R31.3billion or 0.8%
(Source: STATSSA)

Provincially

On a provincial level, mining and quarrying contributed R33, 7 billion or 24, 4% of the Provincial GDP for the year 2007. (Source: STATSSA). Total Sales of Primary minerals from the province amounted to R38, 4 billion, which is 17, 2% of the National Total.

EMLOYMENT TRENDS IN THE SECTOR

The mining sector formally employed 495 474 number of people nationally while Limpopo is the fourth highest employer at 68 081 employees in the mining sector for 2007. National Remuneration percentages according to commodities for 2007 is: 36,5% for Platinum Group Metals, 39,2 for Gold, 17,2 for Diamond and other commodities 12,3%.
(Source: DME 2007)

LIMPOPO’s MINERALS

The province boasts the widest diversity of minerals in the country. The spectrum of more than 70 minerals includes precious metals and stones, industrial minerals and coal, which has both energy and chemical properties.

The prominent districts or regions where minerals occur within the Limpopo Province are Sekhukhune and Waterberg. These districts contain the world-renowned Merensky and UG2 platinum reefs, which also include chrome and other associated minerals. Diamonds are extracted in the Vhembe district and copper in the Mopani district. Some of the minerals found in the province include:

• Platinum
• Coal
• Diamonds
• Silicon
• Granite
• Copper
• Vemuculite
• Dolomite
• Iron Ore

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Our mineral wealth remains unexploited! 

80% of the earth's geological history is represented within Limpopo’s borders. Resources include three types of precious metals and stones, 12 types of ferrous and base metals, and 23 types of industrial minerals, according to the Council for Geoscience.
 
Diamonds, gold and platinum group metals make up Limpopo's wealth of precious metals and stones. Ferrous and base metals include antimony, chromium, copper, iron, lead, manganese, nickel, silicon, tin, vanadium and zinc. Industrial minerals include amosite, andalusite, coal, gemstones, granite, graphite, gypsum, limestone, mica, magnesite, phosphate and vermiculite. 
The vast wealth bodes well, not only for mining itself, but for related opportunities as well. There are unlimited opportunities for the manufacturing and supply of amongst other, tools, uniforms, machinery and plant equipment.

OPPORTUNITIES

Initiatives such as beneficiation and transformation of platinum and other metals into:

• Catalytic converters
• Metal oxides
• Jewellery making
• Fuel cells
• Tools, dies and moulds

Also:

• Mining input supply parks can broaden the scope of economic activities around this sector and enhance the participation of various stakeholders in the value chain
• Small scale mining
• Refineries
• Smelters ( for Platinum Group Metals)
• Base Metals Smelting
• Liquid fuels
• Diamond Cutting

MAJOR INVESTORS

Some of the mining houses with major investments in the province include:

• Anglo Platinum
• Invensil
• Foskor
• De Beers (Venetia)
• Exxaro
• Impala Platinum
• Xstrata
• Rio Tinto
• Lonmin

KEY CONTACTS

The following are associations and relevant organisations:

Nationally

• Chamber of Mines of South Africa
• Geological Society of South Africa
• Mining Qualifications Authority
• Department of Minerals and Energy
• Department of Trade and Industry

Provincially

• Limpopo Economic Development Enterprise
• Limpopo Business Support Agency
• Department of Local Economic Development, Environment and Tourism

 

 

 

 Ten reasons why you should invest in Limpopo: 1. Access to Africa's markets.

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