Mine Closures in South Africa
Leadership|December 2019/January 2020
The world is going through a relatively radical shift, which has put special emphasis on the concept of Sustainable Development across multiple industries. This has significantly affected the way we do business and the legislations we are governed by, requiring us to change our attitudes. Mining can be viewed as diametrically opposed to the tenet of sustainable development, however, it’s no exception to this new reality which is why mine closures and mine rehabilitations need to be conducted well.
Jacky Manyonga
Mine Closures in South Africa

South Africa is a mineral-rich country that has a long economically established mining sector, which dates back to the 1860s with the discovery of significant diamonds and gold. Over time there have been a number of commodities exploited such as iron ore, manganese, platinum, chromium and coal.

In 2017 mining contributed R334 billion, in 2018 it contributed R351 billion to the country’s gross domestic product (GDP) employing a total of 456.438 people in the sector. From the second quarter of 2019 GDP from mining increased from the 2284480.61 ZAR million which was identified in the first quarter to 220907.55 ZAR million in the first quarter of 2019. Between 1993- 2019 the GDP from mining has averaged 233780.85 ZAR million. Evidently, this proves that even though the numbers have gown down over the years, mining makes a significantly large contribution to the country’s GDP.

The nature of the mining territory is characterised by temporary land use, meaning once it reaches its viable economic production, a mine needs to be closed. It is at this stage that principles of sustainable development take centre stage. Successful closure of a mine should positively contribute to the surrounding area and community. However, the process of successfully closing a mine is a rather lengthy and complex one, involving various pieces of legislation. If observed diligently frameworks guiding the process should ensure mine closures contribute positively towards sustainable development.

Denne historien er fra December 2019/January 2020-utgaven av Leadership.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 2019/January 2020-utgaven av Leadership.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA LEADERSHIPSe alt
Bright Minds, Bright Future
Leadership

Bright Minds, Bright Future

For the economy to grow, businesses need graduates whose skills match their needs. Producing these graduates is the core focus of Stefan Ferreira, CEO of the Richfield Graduate Institute of Technology.

time-read
5 mins  |
April 2020
Safety In Business
Leadership

Safety In Business

Securing the future is essential

time-read
3 mins  |
April 2020
Artificial Intelligence
Leadership

Artificial Intelligence

Is artificial intelligence reinventing insurance? This was the question posed by Bill Hoggarth, national sales manager, Digital Business Solutions at high performing and secure ICT solutions provider, Datacentrix. He was speaking at the recent Robotics, Drones and AI in Insurance Conference, held in Rosebank, Johannesburg. In answer to the question, Hoggarth clarified that no, he did not believe artificial intelligence (AI) was changing the nature of insurance–at least, not on its own. “My view is that AI is not reinventing insurance, but that it is part of the mix of technologies that is causing a shift in insurance today,” he said.

time-read
6 mins  |
April 2020
Leading The Future
Leadership

Leading The Future

Leading the modern world requires fast thinking and an impulsive ability to adopt and adapt to the technologically driven era. The way we conduct business today has drastically changed from the way business was conducted ten years ago, failing to integrate innovation and technology could prove fatal to any business.

time-read
8 mins  |
April 2020
The Evolution Of The IT Operation
Leadership

The Evolution Of The IT Operation

Consistency in delivery is key

time-read
4 mins  |
April 2020
Empowering Our Future
Leadership

Empowering Our Future

More than half (51%) of youth aged 18–24 years claim they do not have the financial means to pay for their tertiary tuition. That is over 1.4 million youths who will never be able to afford to take their education further and thereby increase their opportunities to progress in their careers and lives. This is the sad reality according to the Higher Education and Skills in South Africa report released by Statistics South Africa in March 2019.

time-read
6 mins  |
March 2020
Air Traffic Navigation Services: Flying High Into The Future
Leadership

Air Traffic Navigation Services: Flying High Into The Future

After an exceptional 2018/2019 financial year, Air Traffic Navigation Services (ATNS) is poised to soar even further, as it builds on an exceptional record and heads into the next phase of its development

time-read
6 mins  |
March 2020
Leadership

Entrepreneurs Hit Hard By Coronavirus

The big challenge

time-read
4 mins  |
April 2020
Use The Covid-19 Lockdown To Think Differently
Leadership

Use The Covid-19 Lockdown To Think Differently

Crowdfunding, delivery of food, hygiene and learning packs, and psychosocial support could #changethestory

time-read
3 mins  |
April 2020
Attractive Production Tax Credits
Leadership

Attractive Production Tax Credits

“We wouldn’t do it without the production tax credit we get.” That’s what Warren Buffett said about his holding company Berkshire Hathaway’s US$30 billion investment in wind turbines and infrastructure in the State of Iowa through one of its companies, Berkshire Hathaway Energy (BHE)

time-read
7 mins  |
April 2020