…but the light falls unequally
But you would be thinking wrong, certainly when South Africa – the leading minerals producer on the continent – is suffering from some serious self-inflicted wounds. The recent junior mining Indaba held in Johannesburg saw dejected mining execs bemoan an ever-decreasing ability to attract cash into the country. Standard & Poor’s research shows South Africa got just 4% of global exploration budgets in 2016, compared to 13% in Australia. Partly that is due to South Africa having older mines. But much is down to the regulatory environment, with ever-decreasing experience and know-how among the administrators in South Africa’s ministry of mines.