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Minerals Council warns of declining mining output in South Africa

# The Minerals Council of South Africa issued a warning regarding the country’s diminishing mining output, now 13-percent below 1980s levels. Chief economist Hugo Pienaar underscores the sector’s significance as a major employer and tax contributor, employing over 477-thousand South Africans and generating 140-billion-rand annually for the state. Pienaar attributes the industry’s decline to challenges like load-shedding, logistical bottlenecks, plummeting commodity prices, and escalating labour costs, prompting discussions on restructuring unprofitable operations.