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Mining of Iron Ore in South Africa 2015

  • November 2015
  • -
  • Who Owns Whom
  • -
  • 49 pages

The Mining of Iron Ore in South Africa: This report focuses on the South African iron ore mining sector which produced 78 million tonnes (Mt) of iron ore during 2014. Of this total, 67.2Mt worth US$6.7bn was exported. China remains the largest importer of South African iron ore, importing 73% of all local iron ore exports in 2014, valued at US$4.91bn. The latest statistics from the Department of Mineral Resources (DMR) indicate that more than 21,000 people were employed by the iron ore mining sector at 12 iron ore mines in 2013.


Challenging Conditions: Challenges faced by this sector include unreliable and reduced electricity supply and rapidly escalating production costs. Added to these is the drastic decrease in iron ore prices as a result of large supplies of low-cost iron ore from Australia and Brazil. The recent drop in iron ore prices to less than US$40 per ton means that local companies, already struggling to survive, will have to implement more effective strategies in an attempt to mine the iron ore at a lower break-even price. To add to its difficulties, the country’s largest producer, Anglo-American’s Kumba Iron Ore was informed by its most important local customer ArcelorMittal South Africa that it wants to re-open iron ore pricing negotiations.



Report Coverage:

The report on the iron ore sector describes the current market, outlines developments within the sector and focuses on factors influencing the success of the local industry. The report also profiles six companies, including Kumba Iron Ore which in July 2015 announced the decision to close its Thabazimbi mine after a review of its operations. Other players profiled include Assmang, Palabora Copper and the vertically integrated steel and vanadium producer Evraz Highveld Steel and Vanadium which initiated voluntary business rescue proceedings in April 2015 and in July 2015 announced a temporary halt to its mining and steelmaking operations.

Table Of Contents

Mining of Iron Ore in South Africa 2015
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Value Chain 1
2.2. Geographic Position 3
3. SIZE OF THE INDUSTRY 3
4. STATE OF THE INDUSTRY 5
4.1. Local 5
4.1.1. Corporate Actions 7
4.1.2. Regulations and Government Programmes 8
4.1.3. Enterprise Development and Social Economic Development 12
4.2. Continental 12
4.3. International 13
5. INFLUENCING FACTORS 15
5.1. Government Support and Intervention 15
5.2. Labour 17
5.3. Economic Environment 18
5.4. Information Technology 20
5.5. Environmental Concerns 21
5.6. Mine Safety 21
5.7. Power Supply 22
5.8. Technology, Research and Development (RandD) and Innovation 22
6. COMPETITION 23
6.1. Barriers to Entry 24
7. SWOT ANALYSIS 24
8. OUTLOOK 25
9. INDUSTRY ASSOCIATIONS 26
10. REFERENCES 26
10.1. Publications 26
10.2. Websites 27
COMPANY PROFILES 28
ASSMANG (PTY) LTD 28
EVRAZ HIGHVELD STEEL AND VANADIUM LTD 32
FERRUM CRESCENT LTD 36
KUMBA IRON ORE LTD 39
PALABORA COPPER (PTY) LTD 42
SEDIBENG IRON ORE (PTY) LTD 45

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