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Mar 20 2014018332The strike has hit about 40 percent of global production of the precious metal which is used for catalytic converters in vehicles and is a key source of hard currency for South Africa.
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Sep 03 2013018332South Africas share of global gold production has fallen sharply over the years and in the runup to the strike mining employers have given stark warnings of an industry on the path to.
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Dec 01 2015018332Understanding the characteristics of the metal ores mining industry is important for understanding the economywide impact of the strike The platinum group metals industry is South Africas second largest export earner behind gold and contributes just over 2 to the countrys GDP.
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Mining production stumbles in 2018 The Investing in African Mining Indaba the worlds largest mining conference ended a week ago in Cape Town Investment promises made at the conference might have a positive impact on the future of the industry Stats SA takes a look at how mining fared in 2018 Mining had a lacklustre year.
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Sep 27 2012018332South Africa produced just over 6m oz of gold in 2011 according to data supplied by Roger Baxter head of economics and strategy at the Chamber of Mines of SA Any increase in wages that comes from these strikes could catalyse downsizing of the South African industry said David Davis an analyst for SBG Securities.
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The recent spate of strikes in the mining sector in South Africa has created a perceived nervousness amongst shareholders Within the mining sector in South Africa gold mining is of significance historically and economically This study aims to assess the impact of strikes on shareholder value in the gold mining industry.
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The literature indicated that strikes are routine in the South African mining industry It is recommended that investors approach the impact of strikes from a global point of view and not only within the South African context The broader perspective regarding the impact of strikes in South Africa is that it can lead to a recession.
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Sep 25 2020018332Compressors Product amp Services Southern Africa RandAir strikes gold again RandAir secured a repeat hire with a longstanding customer in the mining industry Minerals Council welcomes President Ramaphosas call to rebuild South African economy Sep 18 2020.
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Aug 22 2018018332Strip mining accounts for about 40 percent of the worlds coal mines but in some countries such as Australia open cast mines make up 80 percent of mines Even though its highly destructive industry often prefers strip mining as it requires less labour and yields more coal than underground mining.
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