DRYBLOWER

Dryblower looks for some good in South Africa as Mining Indaba 2016 kicks off

A PLEASING rise in the gold price last week should put a spring in the step of delegates arriving at the Cape Town conference centre later today for the start of Mining Indaba, Africa’s biggest resources event, but after that <i>Dryblower</i> suspects there will not be much to smile about.

Dryblower
Dryblower looks for some good in South Africa as Mining Indaba 2016 kicks off

The $US100 per ounce increase in the international price of gold to around $1173/oz means the price in South African currency is at an all-time high of 18,700 rand. To put that sky-high rand price into...

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