South Africa’s climate change goals could lead to business uncertainty – PwC Back

South Africa’s climate change goals could lead to business uncertainty – PwC Back

South Africa’s goal to close the gap between business-as-usual carbon intensity from 4.7% a year to 1.5% a year is ambitious and is starting from a very high base – the highest of the Group of 20 countries, a PwC report has shown. PwC’s Low Carbon Economy Index outlined that the country’s Intended Nationally Desired […]

Continue Reading

Rush to speed Brazil mine permit may be behind dam disaster

Mining companies often complain endless red tape makes it hard to do business in Brazil but prosecutors and environmentalists say burst dams at an iron-ore mine that triggered massive flooding last week point to gaping lapses in regulation. The floodwaters and mudflow killed at least two people and another 25 are still listed as missing […]

Continue Reading

Lonmin cuts workforce, shrinks capex, lowers unit costs

Platinum mining company Lonmin on Monday reported employee cuts, shrinking capital expenditure (capex), lower unit costs and the highest refined platinum production in eight years. But that did not stop the share price of the London- and Johannesburg-listed platinum-mining company from initially falling by as much as 3.8% to 451c a share before closing the […]

Continue Reading