President's column

摘要

Amidst a background of multinational mining giants announcing decreases in operating profit in the region of 40% compared to 2011, rising mining inflation and increased stakeholder expectations, we saw the announcement of a R20 Billion investment in RSA by De Beers in the Venetia Mine underground project and R2 Billion by BHP Billiton for offshore geophysical surveys of hydrocarbons and commissioning a manganese furnace. It's encouraging to note that mining companies see the benefits still to be gained from the South African resources sector outweighing some of the real and perceived disadvantages.