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.
South Africa’s Harmony Gold on Friday reported a fatality at its Kusasalethu mine, 90 km (55.92 miles) west of Johannesburg.
“Harmony Gold regrets to advise that an employee tragically lost his life on Thursday, 23 March 2023 at its Kusasalethu Mine, near Carletonville, in Gauteng province. An investigation is currently underway to determine the cause of this loss of life,” the company said in a statement.
This is the fifth fatality reported in Harmony’s current financial year, which runs to June 2023. The company recorded 13 deaths in the last financial year.
(By Nelson Banya; Editing by Louise Heavens)
Comments
Night Rider
Condolences. Deep-level gold mining is never going to be easy.