South Africa’s government delayed the implementation of a planned carbon tax to 2016, while saying it may impose new levies on mining companies to help fund the treatment of acid water seeping from disused gold mines.
Johannesburg sits atop the world’s most productive gold reef -- a staggering 40,000 tons of the precious metal has been mined from it during a history tracing back 130 years. That legacy of riches has left behind a toxic inheritance: radioactivity from uranium hauled up in the mining process.
The Association of Mineworkers and Construction Union, which represents about 20 percent of South African gold-mining employees, said producers including AngloGold Ashanti Ltd. face strike notices over pay demands.
The South African union representing most workers at the world’s top three platinum companies and some of the largest gold mines in the nation has served notice that its members will go on strike over wages.
The rand swung between gains and losses against the dollar amid concern that South African mining strife may dent exports as the economy struggles to recover from the slowest expansion since the 2009 recession.