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No, South Africa does not account for 50% of global mining deaths
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Investegate |Glencore PLC Announcements | Glencore PLC: Result of Audit Tender
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The year 2019 was the safest year on record with 51 deaths.
SA s deep gold mines, followed by platinum, lead the sector in terms of high fatalities.
Although South Africa s mining industry has been aiming to reduce mine fatalities to zero, the latest figures instead show an increase.
On Thursday, the Minerals Council of South Africa (MCSA) said a total of 32 mineworkers had died to date this year in the country s mines – an increase from the rate seen a year ago.
In 2020, as the industry navigated the emergence of the Covid-19 pandemic – which hobbled full capacity operations in the initial months of the hard lockdown – some 24 mineworkers were killed in accidents.
Investegate |Glencore PLC Announcements | Glencore PLC: CEO Succession and Board Changes
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Glencore agrees to acquire JV partners shares in the Cerrejón mine and strengthens climate commitments
Following notices from our joint venture partners, BHP and Anglo American, offering to sell their entire shares in the Cerrejón mine in Colombia, Glencore has reached agreement with each of them on substantially the same terms to acquire their respective 33.3% interests.
The transaction has an economic effective date of 31 December 2020, with an aggregate purchase consideration of c. US$588M then being subject to purchase price adjustments calculated at closing. Based on expected operating performance and current forward coal prices, assuming a closing during H1 2022, we anticipate the cash generated by the operation to reduce the effective aggregate cash consideration to approximately US$230M, making the estimated investment payback period less than 2 years from closing.