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Mining company strategy evolution: an overview …
Mining company strategy EVOLUTION169 IntroductionBetween 2000 and 2012, the platinum group metal basketprice per platinum ounce sold increased at a cumulativeaverage growth rate (CAGR) of 8% in SA rand , during the same period, industry cash operatingcosts per platinum ounce increased at a compound annualgrowth rate of 15 18%. This increase in operating cost waslargely driven by increases in input costs such as wages,electrical components, electricity, explosives, supportmaterial, reagents, and diesel that were well above was exacerbated by a reduction in average feed headgrade by per annum between 2005 and 2012 and a22% increase in UG2 ore as a fraction of total ore minedover the same period.
MINING COMPANY STRATEGY EVOLUTION 169 Introduction Between 2000 and 2012, the platinum group metal basket price per platinum ounce sold increased at a cumulative
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