| Mining companies have been in survival mode, walking a tightrope on the slump in commodity prices and demand. Commodity producers across the board are all feeling the pinch. Copper and platinum prices are at a ten-year low, iron ore continues to fall and other bulk commodities are following a similar track.
Adding to the pressure is the slowdown of China’s economy on the back of the country’s ailing manufacturing sector, which has prompted jitters in global markets. The commodities slump has hit SA particularly hard, with the impact exacerbated by local factors such as government’s interventions in the mining sector, labour instability and erratic power supply...............................................Full Article: Source
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