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Minerals Council's warns of tipping point for mining if electricity tariffs increase by 15% a year
And, BME to focus on product improvement and organic growth
Eskom’s proposed tariff increases would cost some 150 000 direct mining jobs, all but eliminate the gold sector and, as a consequence, reduce Eskom’s mining client base by around 36%, thereby exacerbating the utility’s “death spiral”.
Minerals Council South Africa chief economist Henk Langenhoven:
With commodity prices either stabilising or improving and several mining projects entering the last stages of development or coming online in 2019, explosives company BME aims to enhance its product offering while investing in its existing footprint.
BME MD Joe Keenan:
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