Terrifying example of how the poor functioning of state-owned enterprises – particularly Eskom and Transnet – have negatively impacted the mining sector
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/ 24 December 2009
A group of Somali refugees in Randfontein are facing homelessness and growing uncertainty, while government and the UN pass the buck.
”Some people believe that the ANC built us houses. I say it’s not the ANC, it’s our government”
Gold Fields will shut down all operations at its South Deep, Kloof, and Driefontein mines in order to conduct an inspection of the ropes on mine hoists. This follows the deaths of nine workers, who plunged 58m down a shaft when a rope on their conveyance snapped at the Gold Fields South Deep mine near Randfontein on Thursday morning.
Harmony Gold Mining will receive a foreign-capital injection equivalent to R1,9-billion once all the conditions precedent in the $420-million transaction with the Pamodzi Resources Fund have been fulfilled, Harmony CEO Graham Briggs said on Thursday. A new uranium player, Rand Uranium, will be established.