Elaborate problems facing mining industry in Africa and other parts of the world.
Answers
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Answer:
mark me brainlinest. this is an mining case in Africa
Explanation:
Five common challenges facing the mining industry
The mining industry comes with its fair share of challenges; from scarce resources to uncertainty around commodity prices, miners are always looking at ways to overcome barriers to stay competitive. Below we explore 5 challenges currently facing the industry.
1} Access to Energy
As resources in some areas become scarce or depleted, companies are forced to push new frontiers of exploration.
2. Health and Safety
Mining is a dangerous profession. The traditional occupational hazards such as coal dust inhalation, damage to hearing due to the noise in a mine and chemical hazards still stand but the changing nature of mining has led to a raft of new issues.
3. Access to Capital
Access and allocation of capital is often cited as one of the biggest issues facing the mining industry, especially for its juniors.
4. Volatility of commodity prices
Volatile commodity prices make it extremely difficult for companies to plan income and therefore expenditure. Recent disruption in commodity prices has led to many companies having to close down operations or make serious cuts in the size of their workforce. As a result, mining companies are focussed on improving efficiency and reducing cost more than ever.
5. Environmental footprint
Traditionally a carbon intensive industry, miners are now looking at ways to reduce their environmental impact more than ever.
One of the major ways it can do so, is by evaluating their energy usage. Remote locations and limited access to local grid infrastructure means that the mining industry places significant demand on diesel generation for electricity.