South African Load-Shedding Targeted as Miners Worry, an Industrial Info News Alert

Researched by Industrial Info Resources (Sugar Land, Texas) -- If South African miner Gold Fields (NYSE:GFI) is only permitted 90% of its normal power usage, under the new allotments being managed by power utility Eskom to contain the country's power deficit, six of its 21 operating shafts will be at risk of closure. Last week Eskom cut the supply of power to all mines to 50% of normal supply, which only allowed for miners to perform minimum shaft maintenance and pumping. Mining operations were curtailed for safety and operational reasons.

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