Mine workers at Gold Fields South Deep mine in Westonaria, south-west of Johannesburg. A decline in employment figures for the sector shows that SA is losing its lustre.Production volumes have fallen 20% from 2010’s, despite a growth in profits, according to analysts.
The industry has been brought to its knees by innumerable problems, primarily load shedding, freight transport issues, declining investment because of crime and delays in issuing prospecting rights by the department of mineral resources and energy.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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City_Press Since 1994 the mining sector has been on the decline,now it has totally collapsed in comparison to prior 1994
City_Press I have worked almost 30 years in the mining industry as production foreman.... Mining have become to expensive to be viable these days... To keep production at its peak will mean lower salaries and more fatal s since the richest veins is to deep for conventional mining
City_Press Unions will still tell their members to go on strike and shut down the mine 🙄
City_Press Another f/up bought to you by the incompetence that is GwedeMantashe1 and the MYANC not even to speak about the corruption that was zwane_mosebenzi mosebenzizwane
City_Press Major risk being loadshedding. Say it with your chest!
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Source: BusinessTechSA - 🏆 24. / 61 Read more »