Wanted: Buyer for the world’s deepest mine. The purchaser, with some additional investment, could extend the asset beyond its current eight-year timeframe. But extracting gold 4km below the planet’s surface will require a steep geological and engineering learning curve. And on the surface, there’s South Africa’s potentially explosive labour, social and political environment. AngloGold Ashanti, the seller, may just close it down if it can’t find a buyer.
Indeed, there are no obvious local candidates to buy it. Major noted that Harmony Gold is busy with its Wafi-Golpu project in Papua New Guinea. Sibanye-Stillwater is bedding down its palladium asset in the US. Gold Fields got out of conventional, labour-intensive operations such as Mponeng when it spun off Sibanye. Internationally, it is also hard to see any immediate takers .
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Business Maverick: Analysis: Failure to win over youth voters could put SA economy at riskSome 8m youth voters are either unregistered or registered, but unlikely to vote and 700,000 voters are undecided, given their economic concerns. Corruption and expectations that the economy will not improve post-election are keeping the youth on the fence, while undecided voters cite unemployment as their biggest concern.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Barrick CEO Expects to Raise $1.5 Billion Through Asset SalesBarrick Gold Corp., which completed its acquisition of Randgold Resources Ltd. at the beginning of the year, has identified $1.5 billion in assets the miner intends to sell, Chief Executive Officer Mark Bristow said.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
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.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Scandal-hit Steinhoff posts $4 bln operating loss for fiscal 2017Steinhoff has reported an operating loss at 3.7-billion euros vs restated profit 278-million euros, blaming writedowns for the loss. The assets are valued at 17.5-billion vs 32.2-billion in 2016 but says its on track to release 2018 results in June
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Wednesday May 8: Five Things You Need to Know to Start Your DayU.S. stocks plunged on President Trump’s tariff threats, and Asian equities are poised to follow. Christine Lagarde finds Trump’s presidential tweets “unfavorable.” And it’s shaping up to be a record year for bond defaults in China. Here are some of the things people in markets are talking about today.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
BUSINESS MAVERICK: Massmart: What Hayward’s resignation really saysWithout economic growth, South Africa’s retail sector will continue to tread water while cutting space and shedding jobs. Judge him, but there’s no denying that Massmart’s CEO held the reins at a very difficult time.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Trump Had Losses of $1.17 Billion Over a Decade: NYTPresident Donald Trump, who won the presidency in part on his image as a successful business mogul, lost $1.17 billion over 10 years on failed business deals, according to tax records obtained by the New York Times.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Property Slowdown Beckons as Next Risk for Emerging MarketsAs growth worries and trade war jitters threaten to spoil any rebound for emerging markets in 2019, property markets are shaping up as a critical element to monitor for further signs of gloom.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: S. Africa Taken to Court After Doubling Coal-Emission LimitsSouth Africa’s government is facing a legal challenge over its decision last year to double the amount of sulfur dioxide that coal-fired power plants and refineries can emit.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »