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These include the history of the industry in the region, the age of the equipment used, mine life, environmental constraints, and factors regarding the workforce of the industry, amongst others.

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"The strategy is to have low cost positions and to develop pipelines of growth which create more low-cost opportunities," says African mining leader at Deloitte, John Woods. "In an environment with expectations for softening commodity prices, all mining companies are going to look at their portfolios.

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