With the continuing decline of the business environment in SA, AngloGold has also decided to join the exodus and has pulled out of South Africa, further weakening economic conditions, although it has divested its interests.
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Another Mining House Pulls out of South Africa. AngloGold Raises its Anchors & Sells all its SA Interests to Harmony
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Who Needs Corrupt Dirty Eskom? Mining Houses Going Off Grid & So Should You, But is ANC Waiting For a Bribe Before Issuing Solarfarm Approval?
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Big Mining Houses are tired of the constant disruption ot production that Eskom mismanagement and corruption have caused and have already begun urgent planning to make power generation more stable, by using alternative solar panel energy generation.
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World’s largest platinum mine group, Amplats production stalled and lots R1.6bn in revenue due to load shedding
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Eskom’s load shedding in recent months had Anglo American Platinum (Amplats) in a position that it couldn’t produce. The mining group could not extract the 92,000 ounces of metal that would normally be delivered in the first quarter of the year. With platinum prices based on the average of recent months, this means that load..
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It is reported that Cyril has no solid economic policy, is that why he is just borrowing money from everywhere?
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Ramaphosa’s government doesn’t have an economic policy. All that’s been forthcoming is a stimulus package, plus two summits.
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Land expropriation without compensation, South African farmers face a dark, depressing and uncertain future
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Northam – Northam is a small town located in Northam province of South Africa, a closely-knit community characterised mainly by mining and agriultural and game farming. The farming community in Northam is subject to the latest spat of illegal landgrabs in South Africa. Section 25 of the country’s constitution is in the process of being..
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“75% of South Africa’s Gold Mines Are Unprofitable” – ANC Regime’s Destruction of SA Continues Unabated!
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South Africa under the racist ANC regime has gone from bad to worse and now even South Africa’s 140-year-old gold industry – which was once the world’s largest, when part of Apartheid South Africa – is now facing a major crisis. The country’s mineral council says 75 percent of gold mines are unprofitable or barely making money.
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Mineral Resources Minister, Zwane ‘interferes’ again in a mine sale
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Mineral Resources Minister Mosebenzi Zwane has been accused of interfering in a mine sale by giving instructions that his preferred BEE partner be chosen over other prospective partners.
Zwane is said to have told a Chinese-led consortium to overlook one of the prospective BEE partners in favour of another. The identity of that partner is not known.
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Union members clash in Stilfontein at election meeting
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Intra-union violence broke out in the mining town of Stilfontein, near Klerksdorp, when National Union of Mineworkers (NUM) members clashed over a leadership election on Sunday night, resulting in two people being injured and a union vehicle damaged. The NUM’s Moab Khotsong branch had just elected new leaders, but the gathering was disrupted by a..
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Bank of America echoes Malema’s Nationalization sentiment while Credit Suisse says investors “concerned” on BEE but Eskom big concern.
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The Investing in Africa Mining Indaba started quietly under the radar in Cape Town yesterday. Some of the approximately 7,000 participants streamed into the CITCC for the world’s “premiere” mining investment event and the elephant in the room – electricity supply – was immediately exposed at the event’s inaugural critical session where Tony Blair and Graça..
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