Miners who don’t show up to work the Christmas and New Year period at Sandfire Resources’ DeGrussa copper and gold mine in Western Australia, are being threatened with major fines and pay cuts.
Mining giants Rio Tinto and Anglo American are selling a 74.5% shareholding in the South African copper company Palabora Mining to a consortium of Chinese and South African firms, in a deal valued at about $611 million.
Resource nationalism is one of the main causes of the current commodity prices instability and it is threatening global security, warns London-based Chatham House in its latest report.
Australia’s mining industry will become the world’s number one again over the next two decades, attracting as much as 18 times the investment planned for South Africa, according to the latest report from Deloitte.