SA’s mining licensing regime in need of a major overhaul
Lack of transparency is detrimental to the industry and years of maladministration of the application process has destroyed sector confidence
The extractive sector, if carefully managed, presents enormous opportunities for advancing sustainable development, particularly in low-income countries. However, resource-cursed countries such as SA may have a significantly different view.
An extractive sector rooted in accountability and transparency is key to determining a mutually inclusive form of sustainability. Unfortunately, for the SA mining sector this has not been the case, from the early days of the country’s gold rush in the 1800s to now. Vast mineral wealth, coupled with excess quantity and quality of natural resources, has earned SA’s extractive sector great admiration across the globe...
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