Investegate |Ironveld PLC Announcements | Ironveld PLC: Correction - Final Results year ended 30 June 2022
Investegate announcements from Ironveld PLC, Correction - Final Results year ended 30 June 2022
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Investegate announcements from Ironveld PLC, Correction - Final Results year ended 30 June 2022
The biggest mining companies are having major battles with syndicates who incite locals to disrupt operations - an extortion "mafia".
A threatening letter, a derailed train, blocked roads, burnt vehicles, workers locked up. That's what some of the world's biggest mining companies say they're battling in South Africa: Extortion.
Stakeholders say the industry is 'under attack'.
“The procurement mafia mobilizes the community for their own devices," said Paul Dunne, chief executive officer of Northam Platinum Holdings