Shift in focus required to turn around decline of local mining

The South African mining industry is in a state of financial decline, with many mining companies struggling to turn a profit and government stalling the amended regulation framework, according to financial services provider Nedbank Capital mining and metals investment banker Paul Miller. He addressed key mining industry role-players at the thirty-second edition of mining networking platform the Africa Mining Network, which was held on Thursday at the Wanderers Club, in Illovo, Johannesburg.