Hidden cost implications for mining industry remain

The government has set the stage for a paradigm shift in the mining sector with the passage of the Mines and Minerals Bill in Parliament. A crucial reform is the adoption of an auction-based regime, injecting much-needed transparency in mine allocations. But there are several hidden cost implications for the beleaguered mining industry.

Mineral output

Mineral production as part of world market share

Investment in exploration

Number of active mines

Provisions of the Act