Miners shift away from South Africa as costs climb while production shrinks
Resource depletion, more regulation also make for tough environment
Tue, Feb 07, 2017 - 5:50 AM
Delegates at the 2015 Mining Indaba in Cape Town. The industry made its first net loss since at least 2009 in the year through June as commodity prices plunged, according to PricewaterhouseCoopers.
WITH its iconic mountain, beaches and vineyards, it's easy to attract global mining bosses and fund managers to Cape Town. Yet as thousands of executives, shareholders and officials flock to South Africa for the annual Mining Indaba, the industry's investments are flowing the...