EXXARO Resources CEO, Mxolisi Mgojo, said that without a properly functioning power utility company – Eskom – South Africa’s mining industry would cease to function.
“The current state of Eskom is going to be the one thing that is going to be the death knell of this industry,” Mgojo was cited by Bloomberg News to have said in an article republished by Yahoo Finance. Mgojo is also the president of the Minerals Council South Africa.
Mgojo was commenting at a conference organised by Business Unity South Africa, the country’s largest business lobby group. “Without fixing Eskom we don’t have a mining industry. It is as dire as that.” Continue Reading →