Gangs stealing cables torment South African platinum mines

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 61%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

South African miners are battling a growing threat miles underground in the world’s deepest platinum shafts: Gangs stealing copper cables and disrupting operations.

Enticed by high copper prices, thieves are sneaking in, descending deep underground and setting up camp among vast networks of tunnels to strip metal from power cables. The country’s platinum giants are struggling to contain the syndicates of trespassers known as “zama zamas” — a Zulu name that means “take a chance.”

The thefts have become increasingly lucrative with copper recently hitting a record high on expectations that supply will remain tight and mining companies finding it hard to keep the gangs out. “Every single day there is at least one place that’s not working because of cable theft,” said Mark Munroe, head of Implats’s Rustenburg complex. “At our most marginal shafts, if cable theft is not stopped, we may be forced to shut mining operations because these marginal shafts will not be able to sustain themselves under these conditions.”

Roughly 500 people are illegally underground for as long as 60 days at any time at the sprawling Rustenburg site, Munroe said. It takes at least a week to reinstall some key copper cables and if the issue isn’t contained. The company had 120 theft incidents last year and recovered about 5.1 tons of stolen copper. So far this year, there have been 45 incidents and 3.2 tons recovered, with operations disrupted twice, according to Sibanye, which has stepped up security.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ANOTHER South African is helping Elon Musk buy Twitter - but who is he?ANOTHER South African is helping Elon Musk buy Twitter - but who is he? Meet Roelof Botha: He's the grandson of a former apartheid minister, who is now ploughing almost $1 billion into Elon Musk's bid for Twitter.
Source: TheSAnews - 🏆 25. / 59 Read more »

World’s biggest hydrogen trucks now operating at South African mineAnglo American Plc on Friday unveiled the world’s biggest green-hydrogen powered truck at a platinum mine in northeast South Africa where it aims to replace a fleet of 40 diesel-fueled vehicles that each use about a million liters of the fossil fuel a year. I am 50% sure that thing is bigger than my house.
Source: mybroadband - 🏆 11. / 67 Read more »

OPINIONISTA: The New York Times declares Elon Musk guilty of a being a white South AfricanThere may be a lot that is unlikable about this particular billionaire, but being a white South African is surely not a credible starting point for a takedown. I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you. Good home girl! Dingo's The Gray Lady doth protest too much, methinks.
Source: dailymaverick - 🏆 3. / 84 Read more »

South African stocks take a hammering in worst week since 2020South African stocks have felt investors’ aversion to risk more sharply than their emerging-market peers, sliding toward the worst weekly slump since October 2020.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

MATTERS OF OBSESSION: The Keiskamma Tapestry: How the hands of 100 women coaxed a visual account of South African history into life, stitch by stitchARCHIVES: ‘If there’s a crucifixion of everything, there is a resurrection. The soul paints and restores through embroidery,’ Dr Carol Hofmeyr, founder of the Keiskamma Art Project, once said.
Source: dailymaverick - 🏆 3. / 84 Read more »

One South Africa marches against 'capture' of Siyathemba Local Municipality in Prieska - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.One South Africa (OSA) Chief Activist Mmusi Maimane and the residents of Prieska in the Northern Cape held a march against what they call illegal power grab by the African National Congress in Siyathemba Local Municipality.
Source: SABCNews - 🏆 37. / 51 Read more »