Mining needs new ways, mine productivity down, illegal mining concern

摘要

SOUTH AFRICAN MINING HAS ALREADY LOST ONE DECADE and may be in danger of losing a second if it fails to adopt new ways. Read on page 44 of this edition of Mining Weekly of the need for intervention by all stakeholders in order to attract investment that will ensure a positive future for South Africa's battered mining industry. Professional services company KPMG believes that a crisis point has been reached. The market capitalisation of listed mining companies has fallen by nearly a third in the past ten years, which is putting the sector's level of competitiveness into question. While South Africa contributed 39% to the world's mining value chain 25 years ago, it contributes only 5% today. South Africa, which competes with about 180 global democracies for investment, is losing out badly. KPMG suggests that new ways of redeeming the sector and attracting investment into the country have to be evaluated.