South Africa’s mining industry “in crisis”, Chamber says

South Africa’s mining industry is in “crisis” and its companies have lost confidence in the mining minister, whose sowing of policy uncertainty has led to a freeze on new investment, the chief executive of its Chamber of Mines said Friday, according to Reuters.

In a speech to a mining conference in Australia, Roger Baxter painted a bleak picture of the industry, saying two thirds of South Africa’s platinum sector had been loss-making this year.