Nationalism a symptom of trust deficit in mining, analysts warn

fin24.com

- fin24.com | 4 months ago

The latest wave of nationalism that has rocked the mining industry in countries around the world is a symptom of a “trust deficit” which industry leaders themselves have had a hand in creating.

This is according to mining industry experts speaking at the 2019 Investing in African Mining Indaba in Cape Town last week. The Mining Indaba is an annual international gathering of the mining industry, investors, government and labour at Cape Town’s International Convention Centre.

Nationalism – a central theme at this year’s Indaba – has swept emerging and developed economies alike, evidenced in Donald Trump’s United States presidential election victory in 2016 and the referendum which led to the United Kingdom leaving the European Union (Brexit) in the same year.

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