Abstract
An exploratory survey was undertaken in order to explore the underlying causes of bankruptcy in junior mining companies operating in the Witbank region of Mpumalanga Province based on data gathered from 120 highly experienced employees of junior mining companies operating at Witbank. Perception on barriers to productivity in junior mines was measured based on a scale introduced by Henisz, Dorobantu and Nartey (2014). Data was gathered on 24 socioeconomic variables. Data was analysed by performing logit analysis. The key finding of study was that 74.17% of respondents believed that their mines were profitable and productive. Productivity of mines was found to be undermined high cost of transport [OR = 4.51; P = 0.003; 95% CI = (2.26, 7.58)], low demand for mine products [OR = 2.65; P = 0.009; 95% CI = (1.86, 6.14)] and inability to improve the public images of junior mining companies [OR = 2.53; P = 0.015; 95% CI = (1.80, 5.76)].
Highlights
An exploratory survey was carried out at the Witbank region of Mpumalanga Province by collecting data on the perception held by 120 highly experienced experts who have been working in the mineral processing industry for several years
An exploratory survey was undertaken in order to explore the underlying causes of bankruptcy in junior mining companies operating in the Witbank region of Mpumalanga Province based on data gathered from 120 highly experienced employees of junior mining companies operating at Witbank
Productivity of mines was found to be undermined high cost of transport [OR = 4.51; P = 0.003; 95% CI = (2.26, 7.58)], low demand for mine products [OR = 2.65; P = 0.009; 95% CI = (1.86, 6.14)] and inability to improve the public images of junior mining companies [OR = 2.53; P = 0.015; 95% CI = (1.80, 5.76)]
Summary
An exploratory survey was carried out at the Witbank region of Mpumalanga Province by collecting data on the perception held by 120 highly experienced experts who have been working in the mineral processing industry for several years. Junior mining enterprises lack the resources for competing with large mining enterprises for various reasons They have limited access to local and international markets. They are often required to abide by legislation that applies to large and adequately resourced mining companies. In an attempt to ensure viability and profitability, junior mines are constantly required to look for innovative methods of saving operational cost. They are required to utilise modern technological methods of operation, production, mineral processing and marketing. Bhatt & Grover (2013) have pointed out that (2012), Bharadwaj (2013) and Beetsma, Giuliodori, it is possible to improve productivity by utilizing De Jong and Widijanto (2013)
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
