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A key issue with all mineral projects is the quantification of risk and uncertainty, which has always been narrowed down to grade estimation issues; however, just basing the mineral resource category on drill spacing and some competent person’s judgment on resource boundaries is no longer good enough.
Rather, it should be statistically based, since juniors cannot afford to undertake vast amounts of drilling, EY natural resource principal technical consultant Andy Clay said during the Joburg Indaba, held on May 21 and 22.
Logistics inefficiencies in South Africa are the single-biggest reason why junior mining companies are likely to fail, said midtier coal producer Ndalamo Resources. Ndalamo CEO Shammy Luvhengo participated in a junior coal mining panel at Joburg Indaba, which was held on May 21 and 22, highlighting the biggest challenge for this sector as being Transnet’s inefficiency and saying this was creating an imbalance in the system.
Joburg Indaba 2024 miningweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningweekly.com Daily Mail and Mail on Sunday newspapers.
Hydrogen Economy Discussion 2024 miningweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningweekly.com Daily Mail and Mail on Sunday newspapers.