Data provided by McGregor BFA
All data is delayed
Loading...
See More
Where am I? Home

Mine unrest to hit investment

Aug 30 2012 07:50 Reuters

Related Articles

Lonmin: No work, no pay

Shabangu reassures foreign investors

Ramaphosa: We are all responsible

Lonmin: We need peace

Talks to end Lonmin strike begin

Toe the line or else, Zuma warns mining firms

 
Perth - Mineral resources minister Susan Shabangu said on Wednesday that a wave of labour unrest and violence in the mining sector that killed 44 people this month will have an impact on potential investments.

"It is a cause for concern.

"The tragedy does impact on any potential investments,” she told reporters on the sidelines of a mining conference in Perth.

The government would not allow a repeat of the strife at the Lonmin platinum mine [JSE:LON] but mining returns could not be made at any cost, the minister said. 

Shabangu also said mine nationalisation could not advance the interests of South Africa.

* Follow Fin24 on Facebook, Twitter and Google+.


 
lonmin  |  lonmin unrest  |  investments
NEXT ON FIN24X

 
 
Comment on this story
12 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

For detailed Unit Trust information, click here.

We're Talking About...

The Debt Issue

The Debt Issue brings you the latest debt news, tips on how to deal with and avoid debt, a panel of debt experts and real life debt stories from across South Africa.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...