Moody’s ratings agency warned on Tuesday that ongoing regulatory uncertainty in SA coupled with a firmer rand against the dollar would hasten the closure of the country’s gold and platinum mines. Read More
The writing is on the wall for some of South Africa’s gold and platinum mines, according to a report by ratings agency, Moody’s, which said companies such as AngloGold Ashanti, Gold Fields and Sibanye-Stillwater were likely to continue restructuring, especially if expansionary capital was held in abeyance. Read More
Chamber of Mines chief executive Roger Baxter has told delegates at the Africa DownUnder Conference in Perth that the local mining industry was in a crisis and Mining Minister Mosebenzi Zwane paid scant attention to the matter. Read More
The ownership targets set out in the third revision of the Mining Charter will primarily benefit South Africa’s state mining company and a small elite at the pinnacle of the ANC. Read More
Significant corruption claims against Mosebenzi Zwane and the Department of Mineral Resources have not been cleared, the Chamber of Mines CEO says. Read More
Speaking in October 2016 at the opening of the Joburg Indaba, a conference, Sibanye-Stillwater CEO, Neal Froneman, outlined plans for a new approach by the business community in the mining sector where past mistakes were acknowledged. Read More
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