Major South African Miners Focus on Agressive Capex, Cost Cuts

Mineweb reported that South African gold miners are feeling the crunch of operating in a cost-prohibitive environment, as gold prices sag. They are taking aggressive cost-cutting measures across the board.

As quoted in the Mineweb report:

The recent fall in precious metals prices has really focused the attention of South Africa’s major gold and platinum miners on cutting costs and capex as operations begin to look marginal at best.

To view the whole Mineweb report, click here.