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.
Platmin Limited advises that on Thursday, 23 June, certain employees of mining contractor MCC illegally disrupted operations at the Pilanesburg Platinum Mine. These disruptions comprised intimidation of supervisors, illegal industrial action and damage to property and equipment. The South African Police Services was called in to safeguard employees, prevent further damage and stabilize the situation.
Mining operations have been suspended. Processing operations are continuing utilizing the mine’s stockpile.
Platmin is working closely with MCC to resolve matters and will make a further announcement in due course.
