[miningmx.com] – LONMIN’s newly appointed CEO, Ben Magara, said it was crucial South Africa’s mining industry emerge from the ‘win/lose’ situation in which it currently found itself.
In an interview with BDLive, Magara said: “The bottom line for the mining industry in South Africa is that the kind of win/lose situation we have now is not sustainable. Business as usual is not sustainable any more.
“Investors are not happy with their returns. Employees are not happy with their wages. Communities are not comfortable with the mines, and neither is government.
“For me, the question is how do we grow the pie and understand each stakeholder’s view of fair value? Marikana showed clearly that everybody must feel part of the journey.”
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