Much is being made in the media these days of the dismal and rather frightening predicament in which the South African mining sector finds itself. The impact of growing negativity in the industry – spurred on by an ominous combination of rising costs and dropping commodity prices, and further inflamed by a deteriorating labour situation – is spreading ripples of discontent and uncertainty, both locally and abroad, in the country as an investment destination. Latest example of the situation comes from AIM-listed and London-based iron ore and manganese miner Ferrex plc. The company focuses on Africa, and has projects in Gabon, Togo and South Africa.

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MRA11-2013