The mining sector has been on a contraction trend for the past five months, with a deep contraction of 8.1% year on year in February.continues to take strain. Statistics SA data shows mining production decreased by 1.1% year-on-year in March.
The sector has been on a contraction trend for the past five months, with a deep contraction of 8.1% year-on-year in
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BUSINESS MAVERICK: MINE SAFETY: South Africa’s mines are becoming safer — 2019 could be a banner year if current trends are sustainedSibanye-Stillwater had a brief scare last week when 1,800 workers at its Thembelani platinum mine were briefly stuck underground after some rails that were being transported below surface fell down a shaft. Within a matter of hours, all the miners were hoisted safety to the surface. The incident, which was rare and resulted in no casualties, highlights an often-overlooked trend in South Africa’s deep and dangerous mines — fatalities and injuries have for the most part been falling. Mining in SA is becoming safer, but work still needs to be done to close the gap with other mining jurisdictions, such as Australia.
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