Despite the imperative for African mining companies to preserve, or consolidate their assets, these companies also need to prime themselves for a new commodity super cycle and potential growth, through boosting exploration projects, states multinational services firm EY mining and metals sector leader Wickus Botha. Mining companies are fighting to preserve operations through cost cutting and optimisation initiatives as several mines face a profitability slump, Botha reiterates, highlighting the emerging consolidations in the local mining industry, with gold majors acquiring platinum assets, while other mining majors are closing, or divesting certain operations.
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