HOTTER ON METALS: South Africa shows coronavirus scenario planning is tricky

March 24, 2020 / www.metalbulletin.com / Article Link

Metals, mining and alloy producers have been scenario-planning in response to the novel coronavirus. The South African government appears to have just removed all but one option.

President Cyril Ramaphosa ordered the country's mineral resources industry to shut underground mines and furnaces from Thursday March 26, unless they can be operated remotely. 
The shutdown will last for three weeks and is designed to protect South Africans from the spread of the virus. Further details are to be revealed on Tuesday March 24, but mining was not named as an essential industry, and a reprieve therefore looks unlikely. 

Aside from China - which forced the complete shutdown of Wuhan province when it emerged as the epicenter of the virus - other governments have been less draconian, leaving the decision of whether or not to operate in the...

Recent News

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com

US regional bank slump goes global, driving market into gold

October 20, 2025 / www.canadianminingreport.com

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok