Tag: henk langenhoven
Even though mining has yet to see its first case of Coronavirus, it is considered one of the country’s most vulnerable industries.
The Minerals Council South Africa this morning published its Facts and Figures 2019 pocketbook at the Mining Indaba. Based on the latest available statistics the council said, it is clear that South African mining companies are struggling to ramp up production in response to improved commodity prices due to structural constraints such as the cost and unreliability of electricity supply. CNBC Africa spoke to Minerals Council South Africa’s Chief Economist, Henk Langenhoven for more.
The power cuts of South Africa will take another large bite out of mining production today in a time when the industry is struggling. Gold miner Harmony says it cancelled its underground night shift last night and the day shift this morning because of concerns over power supply. The company says it has cut back its power usage merely to maintain emergency services. Joining CNBC Africa for more is Henk Langenhoven, Chief Economist at Minerals Council South Africa and Mashego Mashego, Executive Director at Harmony Gold.