Mining News

Expect to be unemployed from age 40, Miller warns graduates entering mining

Share on facebook
Share on twitter
Share on linkedin
Share on email

Because of the collapse of investment in greenfields exploration in South Africa, any mining graduate entering the profession today can expect to be unemployed from the age of 40, said AmaranthCX director and founder Paul Miller on Monday, when he pointed out that South Africa is now at an all-time exploration low of 0.76% of global exploration spend. Miller warned that with the global standard of taking a tier 1 deposit from discovery to full production being between ten and 20 years, South Africa would likely have fewer than ten long-life operating mines in the next couple of decades.

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on email