Abitibi Metals boosts resource by 62% at B26 polymetallic deposit in QuebecÂ
Indicated resources increased to 11.3 million tonnes from 6.9 Mt.
South Africa mining companies lost about $1.5 billion in production as a result of labour disputes in the last fiscal year, reports the New Age.
The SA Institute of Race Relations (SAIRR) released figures last week for the 2012/2013 period showing about $1.1 billion was lost from gold and platinum operations with about $20 million from coal.
Work stoppages also affected the country’s gross domestic product, which was 2.5% instead of 3%, as well as export revenues, which were estimated to be $1.3 billion lower.
SAIRR said the disputes also contributed to the downgrading of the country’s credit rating.
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Amplats lost almost 4,000 ounces of platinum production in one day due to strike
Labour unrest forces Harmony Gold to close South African mine
Image: Na derdingseben, via Wikimedia Commons
