Mining

Is SA’s mining industry too deep in the COVID-19 crisis?

The Covid-19 pandemic has far-reaching economic ramifications on the productivity and profits of many industries without the exception of the mining industry. For more than a century mining was a flourishing industry in South Africa. In 2019 it contributed close to R361 billion or 8.1 per cent to SA’s GDP and over R91 billion to fixed investment. It employed 454,861 people and paid R24.3 billion in taxes. Since early March, the mining industry’s average share price has dropped 10 per cent and individual companies have lost 30 to 50 per cent of their market value. Is mining too deep in the Covid-19 crisis? How can the mining industry pave the way to total recovery and become the sunrise industry it wants to be?...

Quite frankly, be candid… What African mining bosses and the minister call each other behind closed doors

For years it has been daggers drawn between government and mine owners in disputes over mining regulations that the latter fear are driving away investors from starting new mines.

How Africa can corner a tenth of the world battery metals market – if being brave favours Fortune!

“I can say, do we have a good business: yes. Are we in distress? No. We have a lot of work to do things are going to get worse before they get better.”

SA’s DMRE publishes COVID-19 guidelines for mining industry

South Africa’s Department of Mineral Resources and Energy (DMRE) has issued guidelines for a mandatory Code of Practise to companies in the mining industry on managing the COVID-19 pandemic according to the terms of the Mine Health and Safety Act.

COVID-19 –How the WHO word on Africa could influence SA big lockdown choice

The economic damage has already been done in most sectors. The South African Reserve Bank has warned that the lockdown could cause 370,000 people to lose their jobs and 1,600 businesses to go under.

How COVID-19 cooked the golden goose – The SA chef who went from golden days to zero.

“The smaller jobs would cover your costs and a big corporate gala dinner, with 200 people, would be the cherry on top,”

This is how war and revolt have done worse to the mines than COVID-19.

Planes dropped bombs from the blue, artillery shelled suburban houses, riflemen fought street battles, snipers fired from bedroom windows and tanks rumbled through the suburbs.

#MiningIndaba2020: Highlights Special of Africa’s Mining Indaba

Thousands of delegates in Cape Town with the great and the good – the world’s biggest mining event, Mining Indaba 2020. CNBC Africa brings you all the highlights, issues and who boxed their way to glory in the investment battlefield ring....

#MiningIndaba2020: Is the mining industry investing enough to protect its workers?

On the side-lines of the Mining Indaba in Cape Town, CNBC Africa’s Chris Bishop sat down with John Volanthen, Cave and Rescuer and Marco Pagnini, Operational Risk Director DuPont Sustainable Solutions to discuss mine safety and whether the mining industry is investing enough in looking after its workers.

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