In 2016, 73 miners were killed working in South Africa’s mining sector, or about 1.4 a week. That underscores the dangerous nature of the industry in South Africa, which is home to the world’s deepest mines.
That doesn’t mean that there is room for complacency and the ultimate goal of “zero harm” is a long way off. In 2017, deaths spiked to 90, mostly in the gold sector, before falling again to 81 in 2018. And 2018 was marred by three exceptional cases classified as “disasters”, meaning five or more people were killed in a single incident, including two at Sibanye gold mines, one of which was related to a seismic event. Those three incidents accounted for 18 of the deaths that year.
The fatality frequency rate is a ratio of deaths per million hours worked. In South Africa, that fell from 0.3 in 2003 to 0.08 from 2014 to 2016. . It rose again to 0.09 in 2017 and then dropped back to 0.08 in 2018. It is also on boardroom radar screens. Foreign and domestic investors are increasingly paying attention to ESG issues. Much of this is no doubt lip service and window dressing, but there are big funds that make it a priority. And a mining company with an appallingly bad health and safety record can be radioactive.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: South African Assets Signal Rising Anxiety as Election NearsSouth African assets are signaling increasing investor anxiety about Wednesday’s election, with the fate of the rand and government bonds tied to the extent of the ruling African National Congress’ expected majority and what that implies for policy.
Source: dailymaverick - 🏆 3. / 84 Read more »
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.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: India’s Bharti Airtel Plans to Kick Off IPO of $5 Billion Africa Phone UnitBharti Airtel Ltd., India’s second-biggest wireless carrier, is preparing to kick off the initial public offering of its Africa unit in a deal that could raise about $1 billion.
Source: dailymaverick - 🏆 3. / 84 Read more »
South Africa inks oil exploration deal with South Sudan - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa on Monday signed a deal for the exploration and production of oil in South Sudan, as part of a $1 billion investment in the conflict-torn nation’s struggling oil industry. sabcnews SouthSudan Oil JIT -Just in time, for the elections ANC? Next, Ramaphosa and his in-laws, aboJeff noPatrice are going to send members of the SANDF to South Sudan under the guise of a peace mission, when the mission would in fact be to protect their investments. Remember Jakobe, Khulubuse and the DRC mission? WHAT IS MEANT BY 'SOUTH AFRICA'? WHOSE PAYING 4 THIS? IS OIL HEAVY ENOUGH 4 OUR REFINERIES? COMPATIBLE WITH WHAT WE R USING AT THE MOMENT ? WASN'T THERE A PROBLEM WITH THIS INVESTMENT B4 ? SO Y ANNOUNCE IT WHEN PPL'S ATTENTION IS TOWARD ELECTION ? USUAL MINING-PRENEURS INVOLVED!!
Source: SABC News Online - 🏆 32. / 51 Read more »