…but the light falls un­equally

The Africa Report - - BUSINESS -

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.

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