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2016-12-5 · Nationalisation Of The Mines In South Africa Economics Essay. 1784 words (7 pages) Essay in Economics. ... Advantages of Nationalisation. ... He further states that in 2008 around 500 000 people were employed in the mining sector which contributes to 6, …
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The future of deep level mining in South Africa may well lie in much higher levels of automation. This is a course of action not suited to an economy with so many unemployed or employed on far inferior terms outside the mining sector.
Advantages and disadvantages of nationalising mines. The mining sector, after nationalisation, could take a very long time to boast a profit. Resources are scarce, therefore during this time, resources may become depleted, resulting in huge losses for the South African economy.
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Fernando Coz Léniz B001201 Histories of nationalization and . mining conglomerate, Zambia Consolidated Copper Mines (ZCCM) was made. ZCCM was in charge of copper production, and a separate company under the name of Metal Marketing Company of Zambia (MEMACO) was responsible for the marketing and sale of Zambian copper (Meller and Simpasa, 2010).
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2013-10-16 · Australian manufacturers' share of the local market has fallen from a fifth to a tenth in five years and exports have declined by almost half, which is why the industry is on life support, dying.
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