Overview Of Mining Developments And Investment Opportunities In Limpopo Province (South Africa)
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Transcript of Overview Of Mining Developments And Investment Opportunities In Limpopo Province (South Africa)
Overview Of Mining
Developments And Investment
Opportunities In Limpopo Province
(South Africa)
OUTLINE
• Limpopo at a Glance• Economic overview• Geology and Mineral map• Limpopo mining on Top• Current mining activities• Investment Opportunities• Government Support• Conclusions• Contact Details
LOCATION MAP
Limpopo’s Strategic Limpopo’s Strategic Location Location
• Northern Eastern province in South Africa• Borders Mozambique in the east, Zimbabwe in the
north and Botswana in the west.• Surface area 123 910
km2
• Population 5.3 million• Gross Domestic Product (2007) R120bn • Real GDP growth (1994-2004) 3.7%• Highest economic growth rate(2001) 6.3%• Targeted growth rate(2002-2008) 8%• Competitive sectors Mining,
Agriculture Tourism
Gross Geographic Production R130 Billion 2007
• Mining contributed 7.9% of RSA’s GDP (2006)• Limpopo hosts 90 of RSA’s active mines• Employs 13.8% of RSA’s mining labour- force
(2005-2007)• Contributed 15.5% of RSA primary minerals
domestic sales (FOR) during 2006/7• Contributed 8.2% of RSA’s export sales (FOB) for
primary minerals in 2006/7• Shares about 40% of RSA exploration investment
capital (new mines and projects)• But contributes 1.6% for local and export sales of
selected processed mineral product after KZN (49.4%); MP (20.7%);NW (16.6%) and GP (10.6%)
LIMPOPO vs RSA
Geological MapGeological Map
BushveldComplex
TransvaalSupergroup
Granite Gneis
Green stones
Mineral MapMineral Map
• Northern Archaen granite gneiss host RSA’s largest diamond mine, copper deposits, corundum and graphite
• The Greenstone Belt contains the world’s largest antimony resources, emeralds deposits and gold
• The Bushveld Complex (B.C) contains the largest reserves of chromite, PGM’s, vanadium as well as significant reserves of nickel, cobalt, copper, titanium and iron-ore
• The overlying Granite Suite within the B.C contains tin, flourspar and dimension stones of class
• The Phalaborwa Complex is impresive – it is mined for copper, phosphate, vermiculite and baddeleyite
• The Waterberg Supergroup hosts the most unique
coal deposits in RSA• The Transvaal Supergroup hosts Andalusite, manganese,
gold, limestone/dolomite and best Iron-ore deposits
Mineral situation
• Biggest diamond mine in South Africa (Venetia)• First gold mine in RSA (1817) - Eersteling• Biggest copper mine in RSA (Palamin)• Biggest opencast platinum mine in RSA (PPL)• Largest antimony producer in RSA (CMR)• Biggest vermiculite mine in the world (Foskor)• First biggest iron-ore mine in South Africa (TZM)• Hosts 50% of South Africa’s PGM resources • Hosts 90% of South Africa’s red granite
resources• Hosts 40% of RSA Coal resources and world’s
largest coal washing plant complex
LIMPOPO MINING ON TOP
CURRENT MINING OPERATIONS
List of important mines
Commodity Number of Mines
Industrial minerals 12
PGM’s 8
Dimension stones 5
Chromium 3
Diamond 3
Coal 2
• Petrochemicals & CBM and liquid fuels• Mining Input Supply Parks/Clusters• Chrome Chemicals and mines• Limpopo Dimension Stone Cluster • Jewellery Hub (Platinum,Diamonds, Gold, etc)• The PGM’s Projects and downstream value added
products/industries• Industrial Minerals and Products (heavy minerals,etc)• New magnetite/Iron ore prospects• Small-scale gold mining opportunities• Uranium prospects• Manganese prospects• New power stations
INVESTMENT OPPORTUNITIES
• Infrastructure Development Plan (R150 billion)• Local University Mining Training and R&D• Collaboration with National Laboratories (Mintek,
Council for Geoscience & CSIR)• Provincial Policy Strategies (PGDS)• National Policy Strategies (Mining Charter)• National and local government investment
Incentives• Provincial Investment Promotion Agency
(Trade and Investment Limpopo – TIL)
Government Support
Trade Investment Limpopo
To make Limpopo the major destination
for trade and investment,
thus creating a better life for all
VISION
Trade & Investment Limpopo
Promotion of Limpopo as the preferred trade and investment location through marketing of its
competitive advantages
MISSION
• Untapped diverse mineral resources in Limpopo
• Provincial Government strategies and general support for investment
• Limpopo poised for greater economic growth
• The New Mineral and Petroleum Resources Development Act in RSA opening investment opportunities in Limpopo
• TIL is poised and mandated to assist investors in doing business in Limpopo
CONCLUSIONS
Contact Details
• Address: 130A Marshall StreetPOLOKWANE0700(Limpopo Province – RSA)
• Telephone +2715 295 5171• Fax +2715 295 5197
• E-mail [email protected]
• Website www.til.co.za