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Currency to drive mining values

The value of South Africa’s currency, the rand, dropped by 10% against the US dollar a few days ago before recovering some lost ground, and while the sharp fall attracted limited interest it was a big event because it meant that South Africa’s mining industry gained an edge over competitors.

Currency to drive mining values Currency to drive mining values Currency to drive mining values Currency to drive mining values Currency to drive mining values

A beleaguered South African rand is just what the country's miners needed

Whether that edge is sufficient to overcome the traditional problems of doing business in South Africa is uncertain but the currency move is a pointer to what comes next for mining companies.

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