A change of tack is needed for junior miners to thrive
The minister of mineral resources and energy Gwede Mantashe has called for investment in exploration but smaller miners must change their thinking if they are to attract funds
Global mining exploration budgets are rebounding after some lean years and are expected to grow by as much as 10% in 2019. Yet SA continues to miss out on its fair share of exploration investment which has steadily declined over the past decade.
These sad circumstances prompted minister of mineral resources and energy Gwede Mantashe to call on investors to put money into exploration at the opening of the Junior Mining Indaba this week. But as the conference closed on Wednesday, the pertinent question of how exactly to attract this elusive capital remained.