Reuters reports that the Chamber of Mines of SA said on Wednesday that about half its members were unprofitable as a result of weakening commodity prices, rapidly rising costs, falling productivity and regulatory issues.
In a statement issued ahead of wage talks set to begin at the country’s three largest platinum producers, the Chamber warned against a repeat of the strikes that had characterised previous negotiations "given the country’s and sector’s current straitened economic circumstances". The Chamber represents platinum miners Anglo American Platinum, Impala Platinum and Lonmin, as well as other miners including Anglo American, BHP Billiton and Glencore.
- A short report is at BDLive
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