Technology and growth in the South African mining industry: An assessment of critical

The Southern African Institute of Mining and Metallurgy
V. W. Lumadi S. Nyasha
Organization:
The Southern African Institute of Mining and Metallurgy
Pages:
9
File Size:
658 KB
Publication Date:
Apr 14, 2024

Abstract

The mining industry has yet to fully accept and embrace the strategic role of technology and innovation in successful business planning and execution. In this study, we empirically determine the factors that influence acceptance of technology solutions in the mining industry in South Africa, assess critical success factors influencing adoption of advanced technology in the South African mining industry, and explore challenges faced by the mining industry in South Africa in adopting advanced technology in its operations. Thematic content analysis is employed in the data analysis. Results show that critical success factors to the adoption of mining technology include learning culture, knowledge sharing, high labour costs, and behaviour of other firms in the industry; commonly identified challenges include inadequate engagement with external stakeholders, uncertainties, the cyclical nature of the sector, and high risk related to the adoption of unproven technology and performance systems focused on volumetric production. The study encourages mining companies to implement usage of technology. This can be properly done through regular engagement with the Minerals Council South Africa.
Citation

APA: V. W. Lumadi S. Nyasha  (2024)  Technology and growth in the South African mining industry: An assessment of critical

MLA: V. W. Lumadi S. Nyasha Technology and growth in the South African mining industry: An assessment of critical. The Southern African Institute of Mining and Metallurgy, 2024.

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