One mining firm unfazed by South Africa’s troubles

As mining firms in South Africa appear to be rushing for the exit, one company is bucking the trend by setting up new operations. It may prove a harbinger of things to come.

South Africa’s mining industry, the bedrock upon which the country was built, is going through something like an existential crisis.

Thanks to a series of frequently violent strikes that halted production and slashed profits, investor confidence is plummeting faster than a broken shaft lift.

Leading platinum producer Anglo American plans to cut 14,000 jobs and shutter several operations.

via Business feed http://www.scmp.com/business/commodities/article/1137752/one-mining-firm-unfazed-south-africas-troubles