With an average of half of mining companies in loss-making territory‚ the focus for many has been on restructuring for survival‚ Chamber of Mines chief executive Roger Baxter says.
“Our members have experienced progressively weakening commodity prices‚ rapidly rising costs‚ falling productivity and some regulatory issues that challenge their ability to sustain operations and to maintain employment levels‚” Baxter said in a review on Wednesday.
“And while we are gratified at the industry’s improving safety trends (2015 being the best year on record)‚ the early months of 2016 reminded us that we have no cause for complacency in our quest for zero harm‚” he added.
Focus for many mining companies on restructuring for survival: CoM
With an average of half of mining companies in loss-making territory‚ the focus for many has been on restructuring for survival‚ Chamber of Mines chief executive Roger Baxter says.
“Our members have experienced progressively weakening commodity prices‚ rapidly rising costs‚ falling productivity and some regulatory issues that challenge their ability to sustain operations and to maintain employment levels‚” Baxter said in a review on Wednesday.
“And while we are gratified at the industry’s improving safety trends (2015 being the best year on record)‚ the early months of 2016 reminded us that we have no cause for complacency in our quest for zero harm‚” he added.
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos