Saying that just over 20% of miners had met the black economic empowerment criteria is to tun a blind eye to the progress members have made so far, claims the ming group.
In this interview with The Gold Report, he suggests some companies with resources that not only make sense but could make even more sense to larger companies.
Demand fears continue to restrict the extent of upside moves, whilst supply disruptions at the mine level have more recently provided a floor to prices following the early-year sell-off.
The recurring phenomenon — a warming of the Pacific Ocean as part of a complex cycle linking atmosphere and ocean — has in the past affected mine output, triggering price spikes.
The Peruvian government has deployed troops near the Tia Maria copper project, to deal with the deaths of a protester and a policeman over the past week.