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How South Africa became a mining country again | SA News

South Africa’s mining sector has come roaring back after years in the boondocks.

That resurgence has not been without some violent reversals.

Mining shares were hammered on Monday, with Harmony falling 5.6%, Implats 3.7% and Valterra 3.1%, as the JSE All Share index (Alsi) lost 1.4% – a reminder of just how volatile the precious metals trade remains.

That doesn’t undo the longer term trend, with resources now accounting for more than 30% of the JSE Alsi, up from a pitiable 10% in 2015 at the low point of the commodities cycle.

This means mining’s weighting has more than tripled from the lows of a decade ago.

That’s almost entirely due to rising commodity prices, particularly gold and…

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