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South African Mining Resources worth R29.6-trillion
2012-11-15
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In response to a question in the South African parliament the Mineral Resources Minister Susan Shabangu said that the mineral resource wealth in South Africa had an estimated wealth of R29.6-trillion.
Between the period of 1989 to 2010 the value of primary mineral sales both local and export was R2.6-trillion according to data issued by the South African Department of Mineral Resources. During the same period the total number of sales for processing minerals was R580-billion.
In 2011 the mining sector in SA contributed directly just over R1.9-trillion to its gross GDP. In 2011 total the total sale of all commodities reached R370-billion.
In a breakdown down of South Africa's Mineral Wealth resources the worth of its different resources were:Platinum at R13.28-trillion
Coal at R6.64-trillion
Palladium at R3.29-trillion.
Gold at R3.29-trillion
Titanium at R1.63-trillion
Grade A copper at R680-billion
Nickel at R478-billion
Foundry-grade Zircon at R302-billion
Zinc at R209-billion
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Disclaimer: This information has been collected through secondary research and BricPartner is not responsible for any errors.
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