A significant increase in the wage bill was likely to push South Africa’s gold sector further into the red, said BusinessLive citing comments from the Minerals Council which said three-quarters of gold mines were unprofitable or just at break-even. Read More
South Africa’s biggest gold producers and mining unions start wage talks Wednesday against the backdrop of stark declines in the industry that was once the world’s largest. Read More
Three-quarters of SA’s gold mines are unprofitable or barely making money, says the Minerals Council SA as the sector enters wage talks that some participants hope will reflect the realities bedevilling the sector. Read More
Following my Business Insider piece last week (What Gwede Mantashe can learn from the failing fortunes of General Electric) an old school chum sent me a response from Mexico. Read More
The mining industry is the foundation of South Africa’s modern economy. It was the reason for the development of most other economic sectors, from the steel industry to construction, forestry, and financial services, including the Johannesburg Stock Exchange. Read More
The Minerals Council South Africa believes that much more work needs to be done to create a Mining Charter that promotes competitiveness, investment, growth and transformation for the growth and prosperity of South Africa. Read More
The latest draft mining charter is a material improvement on a previous version, but much more work needs to be done to create a charter that promotes competitiveness, investment, growth, and transformation, the Minerals Council South Africa said on Sunday. Read More
South African mining companies will begin to develop water-saving plans following completion of guidelines produced in a joint effort between the country’s Minerals Council, a lobby group, and government’s Department of Water and Sanitation. Read More
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