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.
Drilling at Harmony Gold’s Kusasalethu mine, in western Gauteng, was halted on Monday after a worker was killed and another injured in a blasting accident.
The company, Africa’s third-largest bullion producer, said in a statement that investigations were under way to establish the cause of the accident.
Harmony CEO Graham Briggs and his management team expressed their sympathy to the families and colleagues of the deceased.
On Friday, the gold miner halted hoisting operations at its Evander mine, in Mpumalanga, after another fatal accident.
