Illegal mining issue too big for companies to handle on their own

Pan African Resources, a gold miner in Mpumalanga, has doubled spending on security to R106m to prevent illegal mining primarily at its Barberton property.

Barberton, which has been mined since 1886, is a Swiss cheese of shafts and underground workings in the hills bordering Swaziland. A decade ago there was a huge rise in illegal mining around the town where Pan African is essentially the only mining game in town.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

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.

Blue Label reports R6.6bn loss, more than twice its market capitalisationBlue Label paid R5.5bn in August 2017 for its stake in Cell C, through its wholly owned subsidiary The Prepaid Company.
Source: BDliveSA - 🏆 12. / 63 Read more »

Lily Mine workers' families still seeking closure - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The families of three people whose bodies remain trapped underground at Lily Mine near Barberton in Mpumalanga, say it is difficult for them to partake in the Heritage Day activities as they have yet to receive closure.
Source: SABC News Online - 🏆 32. / 51 Read more »