South African miners hold emergency meetings amid coronavirus lockdown

Mining companies in South Africa are in emergency meetings after the country’s president ordered a three-week lockdown amid the spread of novel coronavirus (2019-nCov).

The order means all mines and furnaces will shut down after midnight on Thursday March 26 unless they can operate remotely.
A number of sources told Fastmarkets on Tuesday that they think mass force majeure declarations are inevitable.
"There will be announcements late today; we are all in emergency meetings," a source at one miner told Fastmarkets.

The timing of the announcement has come as a shock to...

Published

Janie Davies

Jon Stibbs

March 24, 2020

08:50 GMT

London