This development agenda is echoed in the government’s Medium Term Strategic Framework where the priority is to promote inclusive growth, sustainable livelihoods, the building of economic and social infrastructure, food security and improving access to quality education and healthcare.
The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets.
Amidst the challenges facing South Africa’s gold sector, the country remains a significant player in the international gold market, echoes Daniel Hooijer, gold commodity lead partner for KPMG in South Africa.
A drop in gold recycling and limited production growth by mining compa- nies were the main contributors to the drop in supply of the precious metal during 2013, says professional service firm KPMG gold commodity lead partner Daniel Hooijer.
The heady days of the resources investment boom are long gone, but KPMG Australia thinks there’s plenty of life left in the sector after agreeing to buy Perth-based resources management consultants Momentum Partners.
The wealth of data available to companies can quickly outstrip their ability to deal with it: KPMG has been focusing on developing solutions to utilise information in a meaningful manner, to help costs and develop an integrated approach to operations
The AMCU strike at three of South Africa’s top platinum producers is likely to dominate the debate at the Mining Indaba from 3 to 6 February in Cape Town.
Underdeveloped infrastructure and infrastructure spending deficit remains a major obstacle to growth for Africa and this could not be truer than for the mining sector plagued by insufficient pit-to-port infrastructure.
Improved dialogue and effective implementation of the national infrastructure development plan could position South Africa’s mining sector to capitalise on the next growth super cycle, say stakeholders
As stakeholders sit down to resolve the current impasse among platinum producers, workers and the Association of Mineworkers and Construction Union (AMCU), KPMG on Monday reiterated the need for improved dialogue.
As mining companies attempt to manage their asset life cycle in this new landscape, their three main strategic priorities are growth, performance and compliance.
Over the past four years, KPMG firms have successfully emerged as a leading force in mid cap M&A, having built up a significant network of local M&A teams and investment banking professionals, hired from major investment banks around the world.
Disappointing returns over the previous commodity supercycle have resulted in declining investor confidence in the global mining industry, subsequently reducing capital inflows and negatively impacting on the African mining industry, professional services firm KPMG global head of mining Wayne Jansen tells Mining Weekly.