Death, strikes, rising costs show mining’s hard sell for new CEO

June 9, 2016

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Wanted: Mining executive who can make money when prices and output fall, will halt skyrocketing costs, and is willing to accept a salary paid in one of the world’s weakest currencies. That’s the potential job description for whoever replaces Terence Goodlace as chief executive officer at Johannesburg-based Impala Platinum Holdings Ltd., the second-largest producer of the precious metal. Goodlace, 57, said last month he plans to soon resign, ending a four-year tenure that saw one of South Africa’s most reliable cash cows diminished by plunging platinum prices, strikes and fatal accidents.

Category: General