The consulting engineer-ing industry’s sustain-ability and growth are largely dependent on and proportional to the mining industry’s sustainability and growth respectively, says industry body Consulting Engineers South Africa (Cesa).
Cesa CEO Christopher Campbell notes that the success or decline of the mining industry directly impacts on the success or decline of consulting engineering companies, as the two are intrinsically linked.
To illustrate, he cites economic changes in China that have had an impact on commodity prices and, as a result, have impacted on mining consulting.
“China, one of the largest users of mined commodities, decided to temper its growth rate from 7.5% in 2014 to 6.7% in 2016.
“This 0.8 percentage point decrease meant a sizeable reduction in demand for the commodities required for infrastructure development, such as iron-ore, which caught mining and related industries offguard,” he explains.
This resulted in reduced investment in mining-related infrastructure development, with projects undertaken to develop logistical infrastructure for the transport of commodities becoming “pedestrian” and others being put on hold indefinitely.
“To fuel what became a perfect storm, we saw commodities markets worldwide slow down.
“In South Africa, we probably added a bit more fat to the fire by creating a huge amount of political and policy uncertainty to scare offpotential investors even more,” he comments.
“The consulting engineering industry, along with others, became a direct victim of this perfect storm, as investment, even in prospecting, stalled.”
هذه القصة مأخوذة من طبعة Mining Weekly 28 April 2017 من Mining Weekly.
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هذه القصة مأخوذة من طبعة Mining Weekly 28 April 2017 من Mining Weekly.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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Consulting Engineering's Viability Proportional to Mining's Growth
The consulting engineer-ing industry’s sustain-ability and growth are largely dependent on and proportional to the mining industry’s sustainability and growth respectively, says industry body Consulting Engineers South Africa (Cesa).
Greater Emphasis On Ensuring Sustainability
Engineering expertise can be used to generate socio-economic gains for mining companies, particularly in jurisdictions that are dependent on the finite business of mineral extraction, states global engineering and infrastructure advisory firm Aurecon, an adviser to the African mining sector.
