Coronavirus: South African mining losses sealed from lockdown

By David Whitehouse

The partial easing of coronavirus lockdown restrictions is likely too little, too late to save smaller South African miners and supply companies.

Loss-making platinum and gold mines with ultradeep reserves are unlikely to survive, says Indigo Ellis, head of Africa research at Verisk Maplecroft in London.

Top of the list, she says, is likely to be the Implats Rustenburg mine, already under pressure from extended strike action in 2019 and depleting platinum reserves.

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