By Warren Beech, partner and head of mining at law firm Hogan Lovells The various challenges being faced by the South African Exploration and Mining Industry are generally summarised into 8 key challenges, namely: the global financial crisis, and the impact that this has had on global demand, regulatory and legislative uncertainty, infrastructure, ports, rails,
The current turbulence in the mining industry in South Africa has its roots in several different factors. First, the fall in global demand for platinum and other minerals due to recession second, the consequences of the Marikana disaster in destabilising labour relations and third, the structural character of our mining industry. A great deal has been written about the first two factors, so
Challenges facing the South African Mining Industry by Prof Cyril OConnor. Prof Cyril OConnors presented the 2016 Academy Lecture, Challenges facing the South African mining industry, in October 2016 in Cape Town and in March 2017 in Gauteng.
Mining is one of the key sectors of the South African economy, contributing almost 10% to the countrys GDP. South Africa has rich mineral reserves in gold, iron ore and coal and is the leading producer of copper, platinum, vanadium and uranium.
Five common challenges facing the mining industry. The mining industry comes with its fair share of challenges from scarce resources to uncertainty around commodity prices, miners are always looking at ways to overcome barriers to stay competitive.