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Strategies for stimulating socio-economic growth from small-scale mining operations in Qwaqwa (South Africa).Tshabalala, Isaac. January 2008 (has links)
The socio-economic importance of small-scale mining in a developing country such as
South Africa cannot be overstated. Millions of rural people trapped in abject poverty
and disappointingly high unemployment, where the availability and accessibility to
natural resources like sandstone is at their doorstep should never be allowed to remain
poor and starve if job creation and poverty alleviation take precedence in both local and
national agendas. It is against this backdrop that this pilot case study was initiated, the
primary objective of which was to recommend tailor-made strategies for developing
and stimulating socio-economic growth from small-scale mining operations in
Qwaqwa. In order to do this a literature review was conducted, strategically aiming at
establishing what was already known and in place on the subject through prior research.
The process that ensued entailed designing a systematic blue print on the process of
collecting, analysing and interpreting data about small-scale mining in the area. The
study used multiple sources of evidence in the form of statistical analysis of the
questionnaires, personal interviews, site observations and various documents to indeed
confirm the indispensable nature of small-scale mining in the socio-economic fibre of
rural communities.
In order to stimulate socio-economic growth from small-scale mining, the formation of
cooperatives for structured and coordinated assistance, favourable and encouraging
regulations and policies, innovation, communication and publicity, product and market
development strategies as well as the adoption and nurturing of small-scale mines by
big conglomerates are some of the strategies postulated. / Thesis (M.B.A.)-University of KwaZulu-Natal, Westville, 2008.
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Die bestuur van 'n voorraad opgepotte minerale29 May 2014 (has links)
M.Com. (Mining Economics) / This study indicated that price cyclicity in commodity markets is caused by various factors, and that this in itself can cause certain short and long term effects for mineral producers. One short term effect of price cyclicity is its potential influence on the stockpiling activities of mineral producers. Data on the activities of the producers of 24 mineral products in South Africa during the period 1980 - 1985 were analysed to quantify the potential influences. The only mineral products that show a significant inverse relationship between export prices and stockpiling in real terms, are diamonds and antimony. In both instances producers tend to stockpile if the price of the product declines, and to sell stocks if the price increases. This tendency is probably related to the relatively dominant position in the production and marketing of minerals that South African producers of these mineral products have achieved in the world market. Due to the confidentiality of statistics, the data of other dominant producers, for example the South African platinum producers, could not be included in the analysis. With the possible exception of the dominant producers, speculative stockpiling by South African producers is the exception rather than the rule...
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Factors affecting the financial performance of mining companies in South AfricaKhorombi, Mpho January 2017 (has links)
Thesis (M.M. (Finance & Investment)--University of the Witwatersrand, Faculty of Commerce, Law and Management, Wits Business School, 2017 / The South African economy is built on the richness of mineral resources found in most parts of the country. In 2013, Chamber of Mines reported that the country earned about R 2.4 trillion from the export market over the past 10 years. However, the industry has also shown signs of financial ill health in recent years. This study examines the factors affecting the financial performance (return on capital invested, return on asset and stock price return) of mining companies in South Africa with a particular focus on employee related factors (number of employees, wage bill and safest statistics). The study examines 24 publicly listed companies over a 6 year period using panel data analysis. The results show that lost time injury rate, number of fatalities are significant variables in explaining the changes in financial performance. Labour indicators such as number of employees, lost time injury rate and wages have a negative relationship with all financial indicators. / GR2018
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Platinum politics: the rise, and rise, of the Association of Mineworkers and Construction Union (AMCU)Munshi, Naadira January 2017 (has links)
Submitted in fulfilment of the requirements for the degree of Master of Arts by Research in the Department of Sociology, University of the Witwatersrand, March 2017 / The massacre of 34 workers in Marikana in August 2012 represented a turning point in labour relations in South Africa. The killings, and the show of force that accompanied it, had a direct impact on trade unionism in the platinum belt, where the Association of Mineworkers and Construction Union (AMCU) has enjoyed remarkable growth, compared to the National Union of Mineworkers (NUM). The events of 2012 helped catapult AMCU to lead a historic five-month long strike in 2014 that brought the platinum industry to its knees. The 2014 strike indelibly altered labour relations in the sector.
This dissertation aims to understand the character of AMCU on the platinum belt in the aftermath of the Marikana massacre. Tracing AMCU’s rise on the platinum mines from 2012 to 2014, the dissertation concludes with three features that emerge from AMCU’s organising style. These are its insistence on a non-partisan, independent trade union movement, its return to a democratic, workplace-centred struggle and a call for wageled economic growth / XL2018
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Assessing whether rehabilitation programmes from South African mining companies have considered the impacts of climate changeNdlovu, Zniko Siphokazi 16 September 2016 (has links)
A Research Report submitted to the Faculty of Science, University of the Witwatersrand, Johannesburg, in partial fulfilment of the requirements for the degree of Master of Science.
May 2016 / The fifth report by the Intergovernmental Panel on Climate Change (IPCC) has a high confidence level that positive radiative forcing due to anthropogenic influences are causing a warming earth surface, and the largest contributor is CO2. Previous research related to mining and climate change, has been inclined to the development of mitigation measures, further addressing how best the mining sector could reduce greenhouse gas emissions which adversely affect the climate system. Minimal research has focused on adaptation measures. The climate - both present and future - is seen as the most vital determinant of rehabilitation success or failure, specifically rainfall patterns and the temperature. Planning for rehabilitation while taking into account climate change, is the first step to enhancing adaptation, allowing successful and resilient rehabilitation.
This study aimed to assess whether mining companies operating in South Africa have considered the impacts of climate change on mine rehabilitation. The study achieved this with the use of a qualitative research methodology which included detailed content analysis of documents and transcripts from interviews conducted. From graphical representations of likely future scenarios of climate change, it was identified that all mining companies will be exposed to climate change, thus increasing their vulnerability to future impacts. Secondly, it was identified that only three of the investigated policies and guidelines on closure make a specific mention to climate during the rehabilitation process (MMSD, ITRC and CoM). Through the analysis of Sustainability Reports, it became apparent that climate change issues are prioritised in the selected companies; however, these predominantly transpire as mitigation measures (i.e. energy consumption, GHG emissions and water availability) in response to legal requirements already instituted as well as forthcoming legal frameworks. Only two of the investigated companies have considered climate change during the rehabilitation process of the mine lifecycle. Additionally, the interview process revealed further that climate change is being considered, during the operational phase of the mine lifecycle and the responses are mitigation measures to comply with the legal frameworks. Lastly, from the identified case studies which show how physical climate change impacts can be addressed, an identified trend showed informed decision making by interdisciplinary individuals using credible regional data
contributed to some successes. A total of six challenges were identified where after these were seen as strategic components to further catalyse adaptation planning in mine rehabilitation (data sources and management systems, legal framework, collaborations, research and development, funding and sustainability leadership). The findings of this research have created a foundation on which other research, addressing climate change within the South African mining industry, can progress which may further explore the mining company perspective or alternatively the government perspective which was not dealt with thoroughly in this study. / M T 2016
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The nature and extent of non-financial disclosure in the South African mining industry.Adagish, Kibra Fitwi. January 2009 (has links)
Non-financial disclosures are of considerable interest and importance to the reporting
world and decision making. However, many companies fail to disclose adequate
information on their non-financial matters. The lack of internationally accepted
requirements for the presentation of non-financial disclosures is one reason for inadequate
reporting of non-financial matters and the reporting differences among companies.
The aim of this dissertation was to explore the nature and extent of non-financial disclosure
in South African mining companies listed on the JSE Securities Exchange. This sector was
chosen because of its high risky nature and its significant role in the South African
economy. The data were collected from 22 South African mining companies‘ websites and
related to the 2004, 2005 and 2006 annual reports.
A disclosure index was developed to investigate the extent and nature of non-financial
disclosure in the South African mining companies with regards to environmental, social,
corporate governance, forward-looking information and Management Discussion and
Analysis (MD&A), and the extent of non-financial disclosure with the JSE Securities
Exchange reporting requirements; that is, the King II and the JSE SRI Index. Thereafter, a
content analysis of the companies‘ annual reports was carried out using the disclosure
index developed for this study.
The study found that the non-financial disclosure for all 22 mining companies showed an
increasing trend over the years studied. Mining companies were disclosing environmental
issues more than any of the other non-financial disclosure items. However, more than half
of the companies did not provide information with regard to their non-compliance issues.
Generally this means that, although the mining companies face obvious risks, they are better
at disclosing positive rather than negative information. The main reason for the increase in
the companies‘ adoption of Global Reporting Initiative (GRI) as a non-financial reporting
guideline is King II. The study demonstrates that there was not 100% compliance level of
adherence with the reporting requirements of the JSE Securities Exchange on corporate
governance and integrated sustainability reporting.
Keywords: Non-financial disclosures, mining companies, South Africa, JSE Securities
Exchange, environmental, social, corporate governance, forward-looking, MD&A. / Thesis (M.Acc.)-University of KwaZulu-Natal, 2009.
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Mining and mineral industries in post-apartheid South AfricaSnyder, Kossouth, Van Rensburg, W. C. J. January 2004 (has links) (PDF)
Thesis (Ph. D.)--University of Texas at Austin, 2004. / Supervisor: Willem C. J. van Rensburg. Vita. Includes bibliographical references.
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Mining and mineral industries in post-apartheid South Africa /Snyder, Kossouth, January 2004 (has links)
Thesis (Ph. D.)--University of Texas at Austin, 2004. / Vita. Includes bibliographical references (leaves 135-178). Available also in an electronic version from UMI Company.
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An assessment of integrated reporting practices in the mining industry of South AfricaJoubert, Wiehann Strumpher 10 June 2014 (has links)
M.Com. (International Accounting) / This study is conducted as a result of the increased focus on integrated reports (IRs), more specifically focusing on the current integrated reporting practices within the mining industry of South Africa. There has been a rapid increase in accountability pressures on companies due to financial crises across the globe, accounting and remuneration scandals, and suspicion about the social and environmental implications of businesses (Kolk, n.d.:2). Accountability is specifically discussed by the Integrated Reporting Committee of South Africa (SA IRC) as follows: Now, in the context of the global financial crisis and amidst increasing evidence that the current economic model is socially and environmentally unsustainable and that current reporting practice is not delivering, it is time for new and more effective forms of accountability (SA IRC, 2011:1). This form of accountability also flowed over into the mining industry in which the current reporting practice is not having a significant impact on the perception of the mining industry. The South African mining industry is also currently in crisis, and the market fears further disruption of mining output due to the uncooperative trade unions (Kantor, 2013). Current reporting practice is not highlighting these issues or the long-term impact thereof on the mining industry and individual companies. The two major obstacles that any mining company has to overcome are, firstly that the board of directors needs to report to a wide range of stakeholders with different needs and expectations, and secondly the directors have to report on the sustainability of the industry while managing the mining company’s risk and generating a return on shareholders’ and investors’ investments. Union leaders, investors, and shareholders do not currently share the opinion that the mining industry is in crisis as there are clear mismatches between what the union leaders demand, what the shareholders and government can offer, and what the industry can afford (Kantor, 2013). The mining companies’ extraction of scarce resources is not sustainable and this can have a direct and indirect impact on various stakeholders.
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The effects of centralized or decentralized bargaining processes in the management of industrial actions in the South African mining industryBuckham, Trevor January 2014 (has links)
Frequent and prolonged labour strike actions in the South African mining industry are widely acknowledged. These strikes continue to negatively impact on the socio-economic factors in the South African society and particularly the businesses. Studies have been conducted on the bargaining processes to ascertain proper engagement process to follow during conflict resolutions. However, the shortfall in these studies has been identification of appropriate models that reduces or totally eliminate the re-occurrence of frequent labour strikes. Understanding how the bargaining process, prior and during the bargaining process, can curb these labour strikes is therefore critical. Data from different bargaining experts were collated and analysed through a Delphi research tool. Results indicated that several steps need to be taken into accountant before and during the bargaining process. Such steps include continuous communication between stakeholders and the bargaining process’s leadership. While labour strikes are as a result of impasses, which inform strike actions, encountered during negotiations, results show that before impasses are encountered it is imperative to manage the bargaining processes prior the formal engagements. It was also established that the choice of the bargaining process i.e. choosing between centralization of decentralization of the bargaining process may not necessarily curb the frequency of strikes. / Dissertation (MBA)--University of Pretoria, 2014. / zkgibs2015 / Gordon Institute of Business Science (GIBS) / Unrestricted
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