South Africa sits with the ‘achievement' of having 8 out of the world's ten deepest mines.
While this is clearly an achievement in engineering - it's a problem specifically for our gold mining industry.
Production costs have skyrocketed, accidents in the deep mines make it even more difficult to profit.
In fact, in the 1970's South Africa produced as much as 80% of the world's gold,... ››› more
We all know mining companies are having a hard time these days. Through strikes, regulatory uncertainty and low commodity prices many mines are closing today.
But that's where the opportunity lies right now. It's in a sector that's hit rock bottom. Prices for this commodity are down 50% and more in the past three years. Mines are closing left right and centre and investors have all but given up... ››› more
Coal might not be the most environmentally friendly fuel source, but it's one of the cheapest. That's why there's constant demand for coal. You should use this information to your investment portfolio's advantage and ignore the naysayers who point out that Exxaro lost a third of its earnings due to lower coal prices. The truth is as constant demand for coal drives up the coal price, it'll add to y... ››› more
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