South African miners hold emergency meetings amid coronavirus lockdown

摘要

The order means all mines and furnaces will shut down after midnight on Thursday March 26 unless they can operate remotely. A number of sources told Fastmarkets on Tuesday that they think mass force majeure declarations are inevitable. "There will be announcements late today; we are all in emergency meetings," a source at one miner told Fastmarkets. The timing of the announcement has come as a shock to many market participants who say they had no warning, although such a move was expected in due course.