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09 December 2022
Mining Weekly
A threatening letter, a derailed train, blocked roads, burned vehicles, workers locked up. That’s what some of the world’s biggest mining companies say they’re battling in South Africa: Extortion. Covid plunged Africa’s most-industrialized country – home to the biggest deposits of metals ranging from platinum to chrome and manganese – into the deepest economic contraction in more than a quarter century, and its aftermath has left it with soaring inflation, one of the world’s highest unemployment rates and a collapse of local government services. Mining firms, riding a boom in the global commodities market, have been a rare bright spot, making companies like Anglo American, Glencore and Sibanye-Stillwater targets for groups they say are demanding as much as 30% of their lucrative procurement contracts, often with little to offer by way of skills and services. Noncompliance brings threats to executives and disruptions in operations.
Land rights and mining read moreA project of Phuhlisani NPC supported by Absa. This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike. International License.