Expect Mine Closures In This Key Gold Mining Nation

I wrote yesterday about the collapse of mining in
key African gold nation Tanzania. And today, emerging news shows
another major gold producer entering crisis. South Africa. The dire
warning on South Africa’s gold sector came from ratings agency
Moody’s. With that group releasing a report saying that mine
closures are likely close at hand. Moody’s noted that recent moves
by South Africa to amend its mining code have created great
uncertainty in the country. With requirements like increased Black
Empowerment ownership…

I wrote yesterday about the collapse of mining in
key African gold nation Tanzania. And today, emerging news shows
another major gold producer entering crisis. South Africa. The dire
warning on South Africa’s gold sector came from ratings agency
Moody’s. With that group releasing a report saying that mine
closures are likely close at hand. Moody’s noted that recent moves
by South Africa to amend its mining code have created great
uncertainty in the country. With requirements like increased Black
Empowerment ownership…