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About 6 000 attendees were expected at the Mining Indaba, which started on Monday. But investors are wary – South Africa’s past is catching up.
The presidency says the company has been too slow to build accommodation for its workers, many of whom still live in temporary shacks.
The Chamber of Mines says proposed taxes on company revenue to fund the Mining Transformation and Development Agency will place burdens on producers.
Industry leaders say that the current demand is not sustainable, and predict that prices will taper off towards the latter half of 2016.
South Africa ranks as one of the richest countries in natural resources. The problem: few companies want to deal with the headache of getting it.
