THE BAD

Finweek English Edition - - IN BRIEF -

The depart­ment of min­eral re­sources took the ex­tra­or­di­nary step of sus­pend­ing the min­ing li­cence of Glen­core’s Op­ti­mum Col­liery near Emalahleni as the min­is­ter ac­cused Glen­core of break­ing the law in its re­trench­ment process. Op­ti­mum Col­liery was placed in busi­ness res­cue as low prices ren­dered the op­er­a­tion un­prof­itable. Some­one should tell the min­is­ter that play­ing hard­ball will do noth­ing to help the ail­ing sec­tor and pre­serve jobs.

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