Plunging fluorspar prices weigh heavily on South African miners
Published: Friday, 20 March 2015
High stocks, low demand cause price drops; SA fluorspar sector in flux as investor interest wanes.
South Africa’s fluorspar industry continues to
struggle amid difficult market conditions, as asset sales and
infrastructure challenges squeeze investor confidence in the
industry. South Africa has the world’s
largest fluorspar reserves, but its fluorspar miners are
bearing the brunt of uneconomic mining conditions, operational
limitations, punitive legislation and more recently,...