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 Tuesday reported a fatality at its Kusasalethu mine, 90 kilometres west of Johannesburg.
The company said the accident occurred on April 30 and that it had temporarily ceased work in the affected section, pending an internal investigation.
This is the sixth fatality reported in Harmony’s current financial year, which ends in June 2023. The company recorded 13 deaths in the last financial year.
(By Sinchita Mitra; Editing by Anil D’Silva)
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