by Adenike Adeodun January 30, 2024. The year 2023 proved to be an exceptionally demanding period for the global mining industry, with South Africa facing multifaceted and far-reaching challenges. These challenges have pushed the sector into a state of crisis-mode management, which has become the norm in the management of South African …

Liberia is endowed with an impressive stock of mineral reserves and has traditionally relied on mining, namely iron ore, gold, and diamonds, as a major source of income. The recent growth in the mining sector has the potential to contribute significantly to employment, income generation, and infrastructure development. However, the …

To his credit, Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address social and economic challenges facing the country. The total projected tax revenue shortfall for the 2023/2024 financial year is R56.1 billion, driven by a R39.2 billion, or 50%, year-on-year fall in corporate income tax ...

service providers, a few of the largest mining companies in the country, one final product manufacturer, one university, and one local Chamber of Commerce. To complement the interviews, some secondary data has been sourced from relevant literature. Chapter 1 provides a brief history and current state of the mining sector and chapter

In 2017, drastic and sudden changes affected the mining sector in mainland Tanzania. The Parliament of Tanzania, in a bid to protect the country's natural resources and the employment opportunities for its citizens, passed a series of legislations in July 2017 aimed towards achieving these objectives. The laws introduced by …

IntroductionZambia's mining history dates back over a 100 years ago. This rich history is attributed to the fact that the country is endowed with a vast amount of mineral resources. Within its geographical confines, Zambia boasts of base metals, precious, industrial, gemstones, and energy minerals. Economically, Zambia's mining …

The Mining sector is important for the Ghanaian Economy. The Mining industry of Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports, of which gold contributes over 90% of the total mineral exports. Ghana is Africa's number one exporter of Gold Overtaking South Africa in 2019 with 4.8 million …

To understand key trends in the mining sector, Matt Lee, principal at Burford Capital, spoke with Scott Winter, CEO of Critical Minerals Group, an Australian vanadium mining and battery metals ...

Mining in South Africa: the challenges and the opportunities 2 September 2016 18 • Non-gold mining sector can grow at 3-5% pa, resulting in more balanced country growth rate (double size of non-gold mining by 2028). • If mining had grown at same pace as rest of economy between 1994 and 2013, country's growth rate would have been 4% (not …

Now, more than ever, the mining industry must embrace a transformative approach to communication. It must actively seek a connection with society by showing …

The study employed a mixed-method approach in which interviews were combined with questionnaires to gain insights about export performance and the challenges facing the sector. The study adopted Morgan and Katsikeas' ( 2003) questionnaire to find out the export barriers faced by SMEs in the mining sector.

PDF | On Jan 1, 2018, Charles Adusei published Supply Chain Management Practices in the Mining Sector: Perspective of Managers in an Emerging Economy | Find, read and cite all the research you ...

Based on that assessment, we suggest that the mining industry risks losing an estimated $30 billion to $120 billion in EBITDA in 2020 versus 2019 because of the COVID-19 crisis, despite an expected …

Many of the proposed initiatives will need several departments to work together, which will be impossible if departments work in silos. Five major areas of focus can help miners capture value over this decade. 1. Develop a growth agenda. Miners should develop a growth agenda.

Mining is a key component of Ghana's national economy; the country is Africa's largest gold producer. The Covid-19 pandemic highlighted the mineral's prominent role, as gold is seen as a safe investment during uncertain times. While the mining sector faces challenges in terms of modernising practices, diversification efforts are forging ahead. …

While the development of T anzania mining sector depends partly o n the extent to which challenges facing ... FD Is into the country preferably in the mining sector. In ... issues established by ...

The country's exports of natural gas rose by 14% in 2021, accounting for 9.24% of total exports. Nigeria is facing unprecedented adverse economic challenges stemming from the impact of theft of large volumes crude oil. The problem has progressed to the extent that the country is unable to meet its increased OPEC quota.

Human Capital Considerations. Perhaps the greatest concern now facing the gold industry is the degree and rapidity of shrinkage in personnel. Chart 3 reveals that, over a twenty-year period since 1984, the number of unskilled personnel employed by the South African gold mining industry has fallen from 450,000 to 130,000 due to restructuring in the sector.

While a historically productive enterprise, the future of mining in India is uncertain due to weak legislation, resource overuse, and a central government that prioritises rapid developments over all else. Tata Steel Ltd, a part of the Tata Group based in India, emerged as one of the world's biggest metals and mining companies based on …

"The natural resources industry is facing a complex, volatile, and constantly shifting range of challenges. In Aon's latest Global Risk Management Survey, it was found that the most pivotal risks concerning the industry today are: business interruption, regulatory or legislative changes, and commodity price risk or scarcity of materials, …

EY report highlights 10 key risks to the mining industry - and chief among them ESG and decarbonisation. Disruption is fast reshaping the mining and metals sector's perception of where the biggest …

the country's 10-year-old mining code. Zambia's president, Michael Sata, created a stir in that country when he stated ... sector.8 Thus, one can understand why mining companies might be reluctant to invest hundreds of millions of dollars in an operation that requires a stable framework for 30 years if

A COUPLE of weeks back, Zimbabwe Chamber of Mines published its state of the mining industry survey report looking at issues faced by the industry and prospects for 2022. To ensure objectivity, the Chamber states that its involvement was restricted to sponsoring and facilitating access to information to its members who form a greater part.

Artisanal and small-scale mining (ASM) activities have been prevalent in many parts of the country, particularly in the rural areas, contributing significantly to the sector's output. Challenges facing mining in Nigeria. Regulatory and legal challenges: Mining in Nigeria has struggled with a complex regulatory framework and legal issues ...

A new World Bank Group Country Partnership Framework (CPF) for Botswana the period of FY24–FY29 is under preparation. The Botswana Systematic Country Diagnostics (SCD) Update was completed in 2023. The next CPF will be designed to support the National Transformational Strategy: Innovating for Economic Growth (2023 …

The industry is enjoying strong balance sheets and P&Ls but coming off almost ten years of underinvestment. Globally, capital expenditures in mining fell from approximately $260 billion in 2012 to $130 billion in 2020 (corresponding to 15 percent and 8 percent of industry revenues, respectively). This change in circum…See more on mckinsey

With the appointment of a Minister for mining, experts in the country's mining and solid minerals sector have advised the Federal Government to address the lingering challenges bedevilling the ...

A COUPLE of weeks back, Zimbabwe Chamber of Mines published its state of the mining industry survey report looking at issues faced by the industry and prospects for 2022. To ensure objectivity, the …