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.
CoM sees green shoots in mining industry as job losses wane
Mining Weekly – The Chamber of Mines (CoM) on Thursday said that, despite general uncertainty about the global economy and the direction and sustainability of commodity prices, as well as domestic cost and policy pressures, it seems as if there are “green shoots” of improvements “if one [looks] carefully”.
No mining charter in sight
Moneyweb – Let’s chat now to the editor of Mineweb, Warren Thompson, who takes us through some of the main stories of the week.
Chamber of Mines in the dark over delay in Mining Charter
Fin24 – The Chamber of Mines said it has no insight into what is causing the delay in the publication of a revised Mining Charter, which was due at the end of March 2017.
Chamber of Mines concerned about Gordhan’s recall from investor roadshow
Citizen – In a statement, the Chamber said it was concerned about both the timing of the request and the negative impact this has had on the markets.
The politics of South African goldmines, silicosis and TB
Miningne.ws – The gold mining industry is trying to move sick miners from the Occupational Diseases in Mines and Works Act (ODMWA) to the Compensation for Occupational Injuries and Diseases Act (COIDA).