”, outlining the strengths, weaknesses, opportunities and threats relating to mining exploration, and the strategic initiatives to encourage mining exploration.Unsurprisingly, one of the strengths of SA’s mining industry identified by the DMRE is the country’s mineral endowments, as well as the range of such minerals. Equally unsurprising, the weaknesses identified include energy instability, road and rail infrastructure challenges, as well as unsatisfactory policy implementation.
To capitalise on the country’s mineral wealth, the DMRE has outlined strategic initiatives and actions to be undertaken to encourage mining exploration. These include improvements in the country’s geoscience data and information, government support to junior exploration companies and the formation of private-public partnerships with junior exploration companies, and a national investment drive.
The vision espoused by the strategy document is to secure a minimum of a 5% share in global exploration investment within a five-year period. This would be an impressive feat indeed, as SA would arguably be required to drastically improve its attractiveness, or perceptions of its attractiveness, as a mining destination to achieve the desired 4% increase in its share of global exploration investment.
Source: News Formal (newsformal.com)
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