Abstract
Together with the previous article by J. Rocha and J. Bristow this paper by Michael Solomon, also from the MEPC in Johannesburg, provide a thorough discussion of the effects of lower gold prices and the subsequent downscaling of the South African mining industry. MEPC is an autonomous policy research body aiming to present policy options and their implications to the South African stake holders and decision makers in the minerals industry. MEPC has established itself as an independent source of policy ideas and a facilitator in the policy developing process in South Africa.