Resurgent mining could stop SA’s slide into recession
BUSSINESS LIVE – Production increased dramatically in March but manufacturing may offset some of the gains. SA could be well on its way to avoiding a recession, courtesy of a resurgent mining sector.
Settlement likely by year-end as parties in silicosis case pursue out-of-court option
MINING WEEKLY – Mining companies facing a class action suit from mineworkers who developed silicosis on South Africa’s gold mines are expected to reach an out-of-court settlement before the close of the year.
Editorial: SA’s investor ghost town
BUSINESS DAY – Sibanye Gold CEO Neal Froneman does not mince his words. With his forthright comments on why Sibanye is steering clear of further investments in SA, we have to wonder whether Froneman is voicing what many other CEOs are thinking.
One South African gold miner unveils a never-before attempted plan to deal with illegal mining at its operations
Business Insider – Small-scale mining is a growing issue across Africa. With regulators in Ghana this week making their first moves to shut down artisanal operations — part of an emerging campaign against environmental damage.
Mergers and acquisitions to feel the impact of the downgrade
Fin24 – The damage of the credit downgrade extends beyond foreign direct investment inflows and will also impact potential mergers and acquisitions going forward.
Downgrades to curtail prospects in mining industry
Business Report – The downgrades of South Africa’s sovereign rating to sub-investment could see mining companies delay investments in projects owing to, among others, increased borrowing costs, according to a local mining expert.
Mine boss imagines year without death
SUNDAY TIMES – The CEO of Anglo American Platinum, Chris Griffith, says his goal is to turn the world's largest producer of platinum into a company where no miners are killed. Ever.
Is South Africa still an investors' dream or are we living in La La Land?
Bizcommunity – Mining in this country is the most devastated industry - without a world war. A major reason is South Africa’s uncertain regulatory environment, and despite the quality resources in the ground, no investment will take place until a stable regulatory environment is established.
Job losses slow down in mining
Business Day – The improvement comes against the backdrop of moderate growth in the sector driven by platinum group metals.
South Africa has legislation to protect rivers‚ despite pollution
Times Live – Two rivers in India have been granted the same legal rights as human beings in a bid to prevent pollution‚ a position that is catered for in South Africa.