Mining and Exploration

Copper fundamentals are highly buoyant. Demand for copper is increasing at over half a million tones annually, most of it driven by China, which consumes 20 percen of global supply. Demand for copper shows no sign of levelling off in the opinion of researchers at Yale, who calculated from 2006 consumption figures that global demand for copper would exceed the amount extractable from the ground by 2100.

Like its neighbours Oman developed its economy on oil and gas, and like them it is now trying to diversify that economy by establishing industries that will sustain its growth over decades to come. Oman occupies a favourable position on the east coast of the Arabian desert peninsula so in 2004, with the strategically placed Port of Sohar designated as a major industrial hub it made sense to set up an aluminium smelting operation there.

Set Point Group is a South African company, comprising seven distinct businesses serving mainly the mining industry and a few unrelated sectors. It’s an interesting mix, with a rather unusual genesis. 

Seeing as Africa produces more than 60 different metal and mineral products, and is a major source of several of the world’s most important commodities, it is little wonder that it remains an area of profound interest for mining companies. While exploration and mining developments across the continent have undoubtedly increased in recent decades, there is still considerable scope for expansion. 

Mr Kloppers’ retirement will see him replaced by Andrew Mackenzie who is currently head of the company’s base metals business.

Announcing his retirement, Mr Kloppers said the decision was "never going to be easy, however after almost 20 years with BHP Billiton, 12 as a senior executive and nearly six as CEO, I believe now is the right time to pass the leadership baton."

"The board has decided that Andrew is the right person to lead BHP Billiton in a changing global environment," the company said in a statement.

As the mining sector in South Africa has evolved, so too have the mechanisms, tools, items of equipment and software needed to service what is a dynamic, complex and challenging industry. It was in the 1980s that MineWare’s managing director, Paul Saker, first identified the fact that this rapidly growing industry required access to much more detailed financial analysis when it comes to fixed and variable cost modelling.

How can it be that a significant copper deposit, known for over 100 years, owned and operated by a progression of operators – including two leading international names – can struggle along for 93 years and then become an overnight success in 2005?

Ghana holds a particularly special place in recent African history, being as it was the first sub-Saharan Africa nation to gain independence from European colonialism in 1957. In the near five decades since the country has gone on to become one of the fastest growing economies in the world with one of the highest GDP per capita in all of Africa.

As a result of the boom in mining, the South American nation of Chile today holds a number of important titles. These include being the world’s largest producer of copper, 32 percent of the world’s production to be exact, its only, and therefore leading, producer of natural nitrates and its leading producer of iodine, rhenium and lithium.