Iron Ore Mining in South Africa to 2020

Published: Jul, 2014 | Pages: 36 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)


Synopsis
The 'Iron Ore Mining in South Africa to 2020' report comprehensively covers the country's historical and forecast data on iron ore production by form, reserves, consumption and trade to 2020. The trade section provides information on export volumes to destination countries. The report also includes drivers and restraints affecting the industry, profiles of major iron ore mining companies, information on the major active, exploration and development projects and regulations governing the industry. 

Summary
The South African government's National Infrastructure Plan, which deals with the development of the country's economic landscape, primarily concentrates on 18 Strategic Integrated Projects (SIP). Of these, three specifically focuses on the mining sector, including the Saldanha-Northern Cape development corridor; integrated rail; and port expansion, through which the annual throughput capacity of the Sishen-Saldanha iron ore corridor is expected to increase by about 40% post-development. 
Scope
The report contains an overview of South Africa's iron ore mining industry together with the key growth factors and restraints affecting the industry. Further, it provides information about reserves, production, prices, consumption, trade, competitive landscape, major active, exploration and development projects and the mining fiscal regime of the country. 
Reason To Buy
To gain an understanding of South Africa's iron ore mining industry, the relevant drivers and restraining factors, reserves, historical and forecast production, consumption, trade and the fiscal regime. 
Key Highlights
 In the first quarter of 2014, the mining and quarrying industry reflected negative growth of 24.7% over the fourth quarter of 2013, due to lower production in gold, platinum and diamond mining.  
The Northern Cape, Limpopo and Mpumalanga Provinces account for the majority of the country's iron ore production.  
South Africa's iron ore production in 2013 was estimated to have increased marginally over the previous year, despite domestic consumption having increased by around 6.3% over 2012, with most of the iron ore consumed by the domestic steel industry. 
Capacity additions at existing mines and new iron ore projects which are scheduled to commence operations, are expected to increase South Africa's iron ore production.

 1 Executive Summary 1
2 Iron Ore Mining in South Africa 6
2.1 Country Overview 6
2.2 Mining Overview 6
2.3 Iron Ore Mining in South Africa - Drivers 7
2.4 Iron Ore Mining in South Africa - Restraints 7
2.5 Upcoming Projects in Medium Term 8
3 Iron Ore Mining in South Africa - Reserves, Production, Consumption and Trade 9
3.1 Reserves by Grade and Geographical Location 9
3.2 Historical and Forecast Production 9
3.2.1 Total production by form - lumps, fines and pellets 11
3.3 Total Production by Province 12
3.4 Iron Ore Prices 12
3.5 Total Production by Major Mines 14
3.6 Total Production by Mining Method 15
3.7 Major Exploration and Development Projects 15
3.8 Domestic Consumption vs Exports 16
3.8.1 Export to destition countries 18
3.9 Demand Drivers 20
3.9.1 Demand vs. Fil Uses 20
3.10 Competitive Landscape 22
3.10.1 Kumba Iron Ore Ltd 22
3.10.2 Assmang Ltd 23
4 Fiscal Regime 24
4.1 The South African Mining Industry - Governing Bodies 24
4.1.1 Department of Mineral Resources 24
4.1.2 Department of Energy 25
4.1.3 tiol Nuclear Regulator (NNR) 25
4.1.4 The Mine Health and Safety Council 25
4.2 The South African Mining Industry - Governing Laws 25
4.2.1 Minerals and Petroleum Resources Development Act 25
4.2.2 Mineral and Energy Laws Ratiolization Act, 1994 26
4.2.3 Precious Metals Act, 2005 26
4.2.4 Nuclear Energy Act, 1999 (Act No.46 of 1999) 26
4.2.5 tiol Nuclear Regulator Act, 1999 (Act No. 47 of 1999) (NNR) 26
4.2.6 Mine Health and Safety Act, 1996 (Act No. 29 of 1996) 27
4.2.7 Diamond Export Levy (Administration) Act, 2007 27
4.3 The South African Mining Industry - Prospecting and Mining Rights 27
4.3.1 Application for a Prospecting Right or a Mining Right 27
4.3.2 Prospecting Rights 27
4.3.3 Mining Right 28
4.4 The South African Mining Industry - Prospecting and Mining Obligations 28
4.4.1 Prospecting rights holders 28
4.4.2 Mining right holders 28
4.4.3 Environmental Protection and Assessment 29
4.4.4 Issuance of a Closure Certificate 29
4.4.5 Cancellation and Suspension of Rights 29
4.5 The South African Mining Industry - Key Fiscal Terms 29
4.5.1 Royalties 29
4.5.2 Depreciation 30
4.5.3 Corporate Tax 30
4.5.4 Capital Gains Tax 30
4.5.5 Dividend Tax 30
4.5.6 Real Property Tax 31
4.5.7 Withholding Tax 31
4.5.8 Branch Profits Tax 31
4.5.9 Loss Carry Forward 31
4.5.10 Value Added Tax (VAT) 31
4.5.11 Tax Incentives 31
5 Appendix 32
5.1 What is This Report About? 32
5.2 Methodology 32
5.3 Secondary Research 32
5.4 Primary Research 32
5.5 Contact Timetric 33
5.6 About Timetric 33
5.7 Timetric's Services 33
5.8 Disclaimer 35


List of Tables
Table 1: Iron Ore Mining in South Africa - Total Iron Ore Production (Million Metric Tons), 2000-2020 10
Table 2: Iron Ore Mining in South Africa - Production by Lumps, Fines and Pellets (Million Metric Tons), 2000-2020 12
Table 3: Iron Ore Mining in South Africa - Major Active Mines, 2014 14
Table 4: Iron Ore Mining in South Africa - Major Exploration Projects, 2014 15
Table 5: Iron Ore Mining in South Africa - Major Development Projects, 2014 16
Table 6: Iron Ore Mining in South Africa - Consumption vs. Exports (Million Metric Tons), 2000-2020 17
Table 7: Iron Ore Mining in South Africa - Export to Regions and Destition Countries (Million Metric Tons), 2013 19
Table 8: Iron Ore Mining in South Africa - Kumba Iron Ore Ltd, Major Projects, 2014 22
Table 9: Iron Ore Mining in South Africa - Assmang Ltd, Major Projects, 2014 23
Table 10: The Mining Industry in South Africa - Depreciation Rates (%), 2014 30