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disadvantages of nationalisation in the mining industry in sa

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disadvantages of nationalisation in the mining industry in sa

Nationalism on natural resources is surging; Miners could suffer

The mining sector will bear the brunt of new measures, according to the report, with some of the world's top producers of copper and iron ore, particularly in Africa and South America, featuring ...

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Tough choices facing the South African mining industry

This paper characterizes some of the big, difficult decisions faced by the mining industry in the South African context, and discusses how these decisions could be approached in a fact-based and robust way. Keywords: Strategy, choices, community, social impact, scenarios, portfolio optimization, adaptive cost management, stakeholders, innovation.

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disadvantages of nationalization of mines in potchefstroom

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Nationalisation Of The Mines In South Africa Economics Essay

South Africa could become less competitive with other mining giants such as China and Chile, if by nationalisation, minerals aren't extracted through least cost techniques. Logistical issues, such as transport and storage could become an issue if the government has not set into place agreements and contracts with suppliers.

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Nationalisation of the mining industry : workers' views at Lonmin

This study focuses on the views of mine workers with regards to the proposed nationalisation of mines in South Africa. A vast body of literature already exists about nationalisation, workers experiences in the workplace, their attitudes and the advantages and disadvantages of nationalisation; however, research indicates that there is a gap …

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disadvantages of nationalising mining sector south africa

The nationalisation of mines means that the control of ownership and mining activities such as extraction, ... Nationalisation to transform South Africa's unequal spatial development pattern. Disadvantages of the nationalisation of mines are as follows: Inefficiency due to lack of competition. Kills the private sector.

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disadvantages of nationalized mining industry in south africa

disadvantages of nationalized mining industry in south africa. nationalization of south african mines kinderslaapzak. The nationalization of South Africa mining would scare off in

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Policy implications of the nationalisation of mines in …

The study analysed and investigated the debate of nationalisation in South Africa by exploring its advantages and disadvantages to perspectives drawn from countries …

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Keynote Address: Strategic implications for the platinum …

nationalization in South Africa could do to the global mining industry: the loss of the reserve base, in particular for PGMs, would cripple the market, sending metal prices sharply upwards and ultimately forcing end users to engineer PGMs out of other products. In its anticipation the stock market's reaction to South Africa's suggested ...

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Economic Freedom Fighters (EFF) | Ideology, Leadership, & Facts

Economic Freedom Fighters (EFF), South African political party formed in 2013 by former African National Congress (ANC) member Julius Malema and others. The EFF presented itself as a 'radical, leftist, anti-capitalist and anti-imperialist movement.'. Read more about the EFF here.

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Nationalization

Nationalization is the process by which private companies become owned and controlled by the government. It often happens in developing countries when governments wish to seize control of a profitable industry in order to create a sizable income stream for those in power. Nationalization happens in developed countries as well in the form of ...

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Resource Nationalism

Resource nationalism revisited: A new conceptualization in light of changing actors and strategies in the oil industry. Ekim Arbatli, in Energy Research & Social Science, 2018. Abstract. Resource nationalism is a central concept in the contemporary debates on energy policy. Through an extensive review of literature, this paper identifies the …

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Chapter 6

The ANC tried to manage the stoked-up debate on nationalisation by appointing a research team to report broadly on state intervention in the mining …

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The globalization of the South African mining industry

The decline in the gold industry and the lack of major new mineral discoveries meant that new opportunities for mining and metallurgical projects in South Africa were limited, …

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advantages and disadvantages of gold mining in south africa

What are the advantages and disadvantages of mining gold. The advantage to a company and country is that gold is a storehouse of value. Mining and refining it provides a form of hard currency. Gold is industrially useful as ...

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General election 2019: What are nationalisation and privatisation…

Privatisation is the opposite of nationalisation. It typically refers to the ownership of property, a business, or an industry being transferred from a government to an individual, or another ...

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Nationalisation Of The Mines In South Africa Economics Essay

If the mines were turned over to the government, more job creation could take place and skills development would be initiated. South Africa's economy could become wealthier as precious resources would remain within the country's borders. Disadvantages of nationalisation. However, nationalisation does come at various costs.

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advantages and disadvantages of nationalisation

Disadvantages of nationalization of mines in south advantages and disadvantages of, binq miningNationalizing south african mines an economic assessment keywords nationalization, south africa, mining sector, in the south african economy, ii the fiscal risks or benefits of nationalization, iii the efficiency of the mining sector, but this ...

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To Nationalize or Not? The Pros and Cons of South …

Cons: Nationalizing the mines could significantly decrease foreign investment in South Africa's mining industry, as investors would see their investments at risk with government ownership of the industry.

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The Impact of Nationalisation | The Journal of Modern African …

A recent article in this Journal, XVI, 3, September 1976, gave a factual account of the extent to which foreign-owned industry in black Africa has been nationalised and indigenised, and discussed the inability of international law to provide guidelines for the settlement of this ongoing struggle between alien owners and host countries.

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Explainer: Why it is difficult to mine in South Africa

Striking mine workers have become a feature in South Africa's mining industry. From the historic 1913 strike for their worker's rights such as an eight-hour day to the deadly Marikana strike ...

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Nationalizing South African mines : an economic …

Furthermore, the resources sector does not dominate the South African economy nor does it create the risk of a decrease in the competitiveness of the industrial sector via the …

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Mapping the rise of resource nationalism in Africa

Zambia. Copper contributes just shy of 65% of Zambia's total gross exports and was marked by Verisk Maplecroft as one of the riskiest countries for resource nationalism following on from the country's attempted liquidation of Konkola Copper Mines (KCM). In February this year, a Zambian court threw out a motion by Indian mining firm …

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Nationalisation in South Africa: Which Way are We Going?

Private capital was invited back to return the sector to profitability to salvage both the industry and the single commodity economy. On the other hand the nationalisation of copper mines in Chile has evidently had benefits for both workers and fiscus, in what is essentially a soft form of nationalisation - a form of sweetheart public …

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Nationalization Vs. Privatization

Nationalization involves the transfer of ownership and control of an industry or enterprise from private to public ownership. In contrast, privatization involves transferring ownership and ...

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Nationalisation of the mining industry : workers' views at …

Abstract. This study focuses on the views of mine workers with regards to the proposed nationalisation of mines in South Africa. A vast body of literature already exists about …

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Trends in productivity in the South African gold mining industry

Figure 4 shows the average recovered gold grade for South African mines from 2004 to 2013. The steady decline in gold grades is evident in Figure 4. The graph shows a decrease from 5.15 g/t in 2005 to 2.91 g/t in 2013. This combination of declining resource grades, declining gold price, and increasing cost - the key value drivers - severely ...

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What is the contribution of the mining sector to Southern African

The development of many Southern African countries is inextricably linked to the mining sector. For example, South Africa's Johannesburg-Pretoria metropolitan area, a regional economic and financial hub, developed because of the local gold supply in the late 1800s. Yet the history of mining in Southern Africa, a region marked with high levels ...

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Zimbabwe and a wave of resource nationalism

The ban is also meant to deter artisanal miners from exporting ores abroad. Smuggling to South Africa and UAE reportedly cost the country $1.8bn in lost mining earnings. High prices and tighter government control have artisanal miners flocking to abandoned mines in search of critical minerals, with potentially dramatic consequences.

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The impact of the proposed nationalisation of South African …

Since 2010, the ANCYL has fuelled the debate around the nationalisation of mines in South Africa. Many debates and forums have been recently organised in South Africa to discuss the level of State intervention in the mining industry, the expropriation of private mining companies and/or the transfer of mineral wealth to the people. The

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