There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.
The regulation forces mining companies to consider the possibility of a tailings disaster and evaluate the environmental, health, social and economic impacts of an accident.
The copper price recovered from a one-month low on Wednesday to gain 3% on Thursday, as the metal markets reacted to a dovish Fed statement and news out of Indonesia that production has stopped at the Grasberg mine.
PNG landowners have submitted a position statement, outlining “irreparable losses” as a result of social, economic and environmental damages allegedly caused by the operation.
The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.
