Our industry has been struggling long enough and we need a market turnaround – at least one that inspires confidence in the rest of Africa as South Africa remains in political turmoil which is positioning the local industry for ruin.
December is undoubtedly the month for reflection. As the year winds to a close we are afforded the chance to review the past 12 months and prepare for the year ahead. 2015 has been a roller coaster ride for the mining sector. The start of the year may not represent the end of a boom period; but it certainly represents that point on a roller coaster where you reach the top of a steady climb. You have just a moment to view the world before plummeting back down – which is what commodity prices have been doing with increasing speed.
Action plans set in motion in 2015 to withstand the commodity recession will need to be implemented with force in 2016. This means retrenchments, temporary closures, scaling down, etc. but if guaranteed to ensure survival, it must be done