SA's junior miners - generally smaller and riskier than their larger counterparts - say they are struggling under the weight of both rail and electricity dysfunction, and some mines have already closed.
Miners already subject to volatile commodity prices now also have to contend with increased costs such as tucking their exports and buying generators, with one miner saying at an industry event his community is"ready to explode" as it grows frustrated with roads clogged up by heavy vehicles.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stage 9 and beyond protocols get ready to roll | BusinessAn updated code of practice that will govern how municipalities must respond in the event of Stage 9 load shedding or beyond is close to completion, according to the body responsible for drawing up the standards. | politicsblahbla
Source: News24 - 🏆 4. / 80 Read more »
ANC to serve papers on De Ruyter in Germany | BusinessThe ANC is pursuing a defamation claim against former Eskom CEO André de Ruyter, who claimed that a senior member of the ANC was involved in Eskom corruption. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
10 years in jail for former clerk that defrauded Eskom of R2.6m | BusinessFormer Eskom administration clerk Nwabisa Ngxola was sentenced to 10 years in jail on Wednesday for defrauding the power utility of R2.6 million. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
Shell profits jump despite lower energy prices | BusinessBritish energy giant Shell on Thursday posted soaring first-quarter profit, as falling costs and a better performance at its chemicals division offset lower gas and oil prices. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
TotalEnergies won't restart R365bn Mozambique gas project until key conditions are met | BusinessAmid reports that TotalEnergies and its partners could soon restart a gas project in northern Mozambique, the French multinational says there are 'at least three' conditions that need to be met before it resumes activities in the violence-prone area.
Source: News24 - 🏆 4. / 80 Read more »