Modern Mining April 2026
Editor’s take: Mining to the rescue
As the world and South Africa brace for soaring oil prices following the US-Israel-Iran conflict, the future is looking increasingly bleak. By the second week of March, oil prices surged over 20% to pass $100 a barrel. Referencing the conflict, Dr Azar Jammine, Chief Economist at Econometrix, a keynote speaker at the recently held Afrisam Budget Breakdown Breakfast, advised that imminent shortages of supply are going to change the global environment in a significant way, with the price of goods and services set to soar, and “as a consequence, interest rates around the world may not come down to the extent that we anticipated”.




