Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
A Gold Fields employee died in an underground accident at its South Deep mine in South Africa on Jan. 2, the company said on Thursday.
Operations at the mine have been suspended, it said without disclosing when it expects to resume mining or what impact that will have on output.
The accident involved self-propelled mining equipment, Gold Fields’ statement said.
An investigation by South Africa’s Department of Mineral Resources and Energy along with trade union representatives and mine management was under way, the company added.
At least 54 workers died in mining-related accidents in South Africa last year, up from 49 fatalities recorded in 2022, the country’s safest year on record.
(By Nelson Banya; Editing by David Goodman)
Comments
Shane viljoen
I was badly injured at south deep mine were I worked as a contractor, the company kept quit about it and the Forman of South deep that was present, how do I go about reporting it to South deep mine