Mantashe is doing a good job on paper of killing SA mining
Complexities of mining and environmental regulations means junior mining is as good as dead in the water
Former Harmony Gold CEO Bernard Swanepoel had a deft way of describing what is wrong with SA’s resources sector. He noted the plush new buildings constructed in Sandton were nearly all for law, auditing and consultancy firms. No mining firm had built a new skyscraper office in Sandton.
The reason, he contended, was because the complexities of mining and environmental regulations, and the need for companies to comply with reams of laws, meant junior mining was as good as dead in the water.
Who could afford armies of lawyers and experts within the company, and from external firms, as laws and regulations became ever more demanding and convoluted?..