South Africa’s mining industry “in crisis”: Chamber

CAPE TOWN – South Africa’s mining industry is in “crisis” and its companies have lost confidence in the mining minister, whose sowing of policy uncertainty has led to a freeze on new investment, the chief executive of its Chamber of Mines said on Friday.

In a speech to a mining conference in Australia, Roger Baxter painted a bleak picture of the industry, saying two thirds of South Africa’s platinum sector had been loss-making this year. (Reuters)

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