https://www.miningweekly.com

TIED DOWN

21st August 2015

By: Martin Creamer

Creamer Media Editor

  

Font size: - +

Like Gulliver, South Africa’s giant mining industry is being tied down. As Gulliver displeased the powers of Lilliput, the mining industry has displeased government in wanting to reduce employee numbers. As mining leadership has reiterated, decisions to reduce jobs are never taken lightly, with involuntary retrenchments the last resort. The real root causes of mining’s current overwhelming problems include the drastic fall of commodity prices, rising costs, plummeting values on world stock exchanges, oversupply, disinvestment and reams of government red tape. Gulliver was charged with treason for, among other crimes, polluting, even though in doing so he was saving countless lives. Hopefully, someone will also help the South African mining sector to escape destruction, in recognition of its invaluable contribution to the struggling South African economy.

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.055 0.093s - 87pq - 2rq
Subscribe Now