Copper theft in ZA11 May 2023 11:50
Mining, South Africaβs largest industry, has been severely disrupted. Pits across the country churn up gold, gemstones, rare earth metals and coal, and the country is home to about 90 per cent of known deposits of platinum, vital for electronics and electric vehicles. One morning in March, a platinum operator discovered 300 metres of copper cabling had been stolen from a production site. Workers at Royal Bafokeng Platinum laid new cables the following day, but the thieves were back by nightfall. βTo be investable as a country, you should be able as a country to protect investments,β the companyβs chief executive Steve Phiri said during a mining conference in Johannesburg that month. βThings are beginning to fall apart.β
It is a long FT article but worth a read
https://www.ft.com/content/19973223-cda7-43c0-8ba5-ddd329fc9ff9
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https://txtify.it/https://www.ft.com/content/19973223-cda7-43c0-8ba5-ddd329fc9ff9