Mining industry ‘shot out the lights’ in 2022, Minerals Council says

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But ports and rail corridors undermined the potential of the sector with the opportunity cost resulting from constraints rising to R50bn in 2022

SA’s mineral production hit a record of R1.18-trillion in 2022 despite continued logistical constraints at Transnet, mining industry lobby group the Minerals Council SA said on Monday.

The council said strong commodity prices were a tailwind for the mining industry with 2022’s mineral production up from the whopping R1.1-trillion recorded a year earlier...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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