Revised South African charter poses threat to miners, says Moody’s

June 21, 2017

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Ratings agency Moody’s warned on Wednesday that new regulations seeking to accelerate black ownership in South Africa’s mining industry would deter investment, raise costs and diminish cashflow generation. Anglo American, AngloGold Ashanti, Gold Fields, Petra Diamonds, Sibanye Gold and South32 would be the most negatively affected miners if the revised mining charter is implemented, Moody’s said.

Category: General