Government and the private sector will need to work together to clear regulatory logjams.
There’s new leadership at South Africa’s Department of Mineral Resources, while the industry moves towards seeking a closer relationship with government to clarify regulatory issues.
While there has been an upturn across the sector, regulatory issues need to be resolved in some jurisdictions.
It’s still early days but after 2016’s commodity price rallies, a recovery could be gathering pace.
The majors have restructured and unwound debt, leaving them
ready for an upturn.