Mine boss blasts Eskom

ANGLOGOLD Ashanti's chief executive Mark Cutifani yesterday became the fourth gold company head to warn of the extreme risks posed to the mining industry by Eskom's latest proposed electricity tariff increases.

ANGLOGOLD Ashanti's chief executive Mark Cutifani yesterday became the fourth gold company head to warn of the extreme risks posed to the mining industry by Eskom's latest proposed electricity tariff increases.

He also said restructuring would be needed at his company's South African mines to ensure they remain profitable in the face of soaring power costs. - Jim Jones

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