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Q: Five factors that hampered mining development in south africa
A: The end of 2011 had mining output decline for the fifth consecutive month; however results for the fourth quarter of 2011 showed an improvement over the previous quarter. [ Only four of the 12 mining sectors posted positive growth rates. The overall decline in mining production continues to be driven by negative growth in the three largest mining sectors, namely coal, gold and platinum group
metals, all accounting for almost 70 percent of total mining production. Mining contributes 1 percent less to the country's total GDP than it did a decade ago, indicating that the mining sector has been unable to grow as rapidly as other sectors of the economy. Decreased production The challenges resulting in decreased production include labour regulations, employment agreements, work disruptions and mining fatalities. Last year the local mining sector was disrupted by strike action and safety stoppages due to fatalities. There were 116 fatalities in the sector compared with 128 in 2010 and 168 in 2009 ]
Ice chan|Points 40|
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Asked 8/9/2012 4:37:30 AM
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