Reviving mining exploration requires BEE rethink
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The world is in the early phases of another commodity upswing that has all the hallmarks of another super cycle, driven in large parts by China again and its expansive belt and road policy as well as India another sleeping giant awakening and the world looking to leverage infrastructure to catalyse growth post the Covid pandemic.
This should be South Africa’s get out of jail free card. South Africa was a once great mining nation. Instead, mining exploration remains mired in red tape and a disabling regulatory environment. Since 2000, prices have nearly tripled, but production volumes are down 9.3%.
BEE is the largest detracting factor for FDI. It applies well to existing assets but remains a real deterrent for the exploration phase as international exploration investors target ownership at the mine phase as a key driver of their investment models.
This is the prime reason why we can't get junior ASX/TSX explorers to come to South Africa.
To talk about reviving the golden goose of mining exploration, Michael Avery spoke to Paul Miller, director of mining supply sales consultancy AmaranthCX; Stefano Marani, CEO of junior lNG and helium miner Renergen; and James Campbell Managing Director at Botswana Diamonds Plc
This should be South Africa’s get out of jail free card. South Africa was a once great mining nation. Instead, mining exploration remains mired in red tape and a disabling regulatory environment. Since 2000, prices have nearly tripled, but production volumes are down 9.3%.
BEE is the largest detracting factor for FDI. It applies well to existing assets but remains a real deterrent for the exploration phase as international exploration investors target ownership at the mine phase as a key driver of their investment models.
This is the prime reason why we can't get junior ASX/TSX explorers to come to South Africa.
To talk about reviving the golden goose of mining exploration, Michael Avery spoke to Paul Miller, director of mining supply sales consultancy AmaranthCX; Stefano Marani, CEO of junior lNG and helium miner Renergen; and James Campbell Managing Director at Botswana Diamonds Plc