Grant me the serenity to accept the things I cannot change and the courage to change the things I can. This is a verse from the widely-known Serenity Prayer; its meaning is self-explanatory.
Now, while many of us wish that we could restart 2020, the reality is that the effects of COVID-19 on the mining industry will be felt for a long time to come. It is an exogenous factor that can only be limited but never completely controlled. It is something you cannot change and we have to get used to mining in the new normal.
However, there are certain things that are within the control of industry players and can be changed. In the latest episode of our podcast series,
Deep Insights, Wessel Badenhorst, partner at Hogan Lovells Johannesburg, paints a picture of the South African mining industry post-Covid-19 pandemic. He touches on salient points such as eradicating corruption, adopting new technologies and regulatory frameworks – all of which can be changed through collaboration between government, mining companies and labour unions.
Perhaps the prolonged COVID-19 lockdown is a blessing in disguise for the mining industry, allowing time for introspection and for putting concrete plans in place to move forward in the new normal.