The South African mining industry is not a sunset industry, though it will continue its decline until there is a significant change in the relationship between industry stakeholders, such as government, labour and mining companies, states Paradigm Project Management (PPM) director Jeremy Clarke.
He mentions that, as the continued growth of civilisation will support the future mining of commodities, the global mining industry will continue to survive.
However, the challenges faced by the local industry are the result of inconsistent legislation – such as the new iteration of the Mining Charter – and a lack of confidence in government.
“South Africa is doing a very poor job in making it a suitable investment destination and this can be seen in a lack of investment,” PPM director Dave Porter tells Mining Weekly.
He highlights that investors are expecting a return on investment and, therefore, are looking to achieve some sort of result.
Although hopeful for positive growth after the 2019 presidential elections, Clarke notes that government and legislation are currently not the only factors at fault in the mining industry. Project management – when capital is made available for project execution through investment and funding – also plays a significant role in the survival and success of the industry.
“When a project is late, budgets are exceeded and functionality isn’t there – projects cost more money over a longer period of time,” Porter notes.
Denne historien er fra November 03, 2017-utgaven av Mining Weekly.
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Denne historien er fra November 03, 2017-utgaven av Mining Weekly.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Supply Cliff?
Commodities supply shortfall looming following years of underinvestment
Strikes Threaten Coal Sector
If an agreement cannot be reached on the future structure and form of wage nego­tiations in the coal sector, unions have threatened to strike, says Solidarity mining industry deputy general secretary Connie Prinsloo.
Continued Focus On Downstream Development
Continued Focus On Downstream Development
Unrelenting Scourge
Mining fatalities in South Africa rise for first time in decade
Plea For Open Discussion
Diamonds body calls for ‘productive dialogue’ on Kimberley Process reform
Deep Potential
Stillwater deal seen positioning Sibanye as globally competitive mining champion.
Explosive Advantage
Explosives reloading system helping Gold One to reduce mining costs.
Critical Juncture
South Africa’s mining sector at a crossroads, collaborative effort required.
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.
