factor that might have promote development of mining in south africa

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    Mar 28 2013 · Factors that hinder or promote Development 1 What is Development Development means improvement in a countrys economic and social conditions More specifically it refers to improvements in ways of managing an areas natural and human resources in order to create wealth and improve peoples lives

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    Aug 16 2012 · The junior mining sector in South Africa was born of new legislation in the form of the Mining and Petroleum Resources Development Act of 2006 The law enforced a use it or lose it principle stipulating that mining rights not used by mining companies to exploit minerals in the ground would revert back to the state

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    Mining accounts for 50 of South Africa s exports and almost half a million jobs yet this industry is coming under increasing threat from populist ANC policies aimed at enriching those who have

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    Mining in South Africa was once the main driving force behind the history and development of Africa s most advanced and richest economy Large scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later

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    South Africa is the southernmost country on the African continent It has a long history of conflict and human rights issues but it has always been one of the most economically prosperous nations in southern Africa due to its coastal location and the presence of gold diamonds and natural resources

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