EDITORIAL: Why SA mining is still not quite turning a GNU corner
Good vibes at the Joburg Indaba are not enough to offset a pile of problems
For most mining companies the past 12 months have not been easy. Iron ore and gold miners benefited from higher prices for their commodities but SA’s coal and platinum group metals (PGMs) miners had to contend with huge price decreases. Coal prices dropped by about 40% and palladium, which together with rhodium accounts for about 60% of the PGM basket price, is down 36% in rand terms.
Over the past six months the electricity supply situation has improved, but the industry is still grappling with a drastic deterioration in rail services, which has seen many miners of bulk commodities such as coal and iron ore cut back on production...
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