Too costly to shut: Mine sales stumble on looming clean-ups

Major miners are trying to avoid hundreds of millions of dollars in closure costs by selling off pits, as cash is tight due to a prolonged commodities price slump.

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Impala’s Goodlace to step down

Impala Platinum, the world’s second-largest producer of the metal, said chief executive officer (CEO) Terence Goodlace will resign at the start of December.

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Homes to share acid mine water costs

The Department of Water and Sanitation (DWS) has finally provided clarity on how it will fund the treatment of contaminated water seeping out of old mining networks in Gauteng.

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n March, the Colombian high court ruled that stipulations of the ‘National Development Plan 2014-2018’ promoted by the government were unconstitutional, as they would allow environmental damages to favour economic exploitation in legally protected paramos.

Mining’s big hangover

Mine closure and the funding thereof has for years been a battleground between mining companies, environmentalists and government. The recently revised National Environmental Mining Act attempts to redress some of these challenges, but it will have significant implications for mining companies.

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