Equipped with AK-47: the Gangs of South Africa's gold mines attack

Who is exploring resources in Africa, knows that without appropriate security measures, nothing works. In the gold mines of the Witwatersrand mountain range in

Equipped with AK-47: the Gangs of South Africa's gold mines attack

Who is exploring resources in Africa, knows that without appropriate security measures, nothing works. In the gold mines of the Witwatersrand mountain range in South Africa, men in bullet-proof vests, and armored vehicles patrol so awake. But now even that's not enough.

according to the news Agency Bloomberg reported at the weekend, the attacks on South Africa's gold mines are more aggressive. With fully automatic AK-47 stormed until the middle of December to 15 attackers, a Mine of Gold Fields Limited. The vault of the Mine stood up to the Criminal, while the attackers, with the gold concentrate value of US $ 500,000 escaped.

New wave of crime

That was not the only attack of this kind in the past year. Overall, in 2019-to-19 attacks, almost twice as many as in the previous year, as Bloomberg wrote, citing a South African industry Association. The attackers stole at least 100 kilograms of Gold (current value: 4,56 million euros), while not every company makes its losses to the public, such as the Association points out. Gold in Euro 1,420 thousand,EUR 27 -5,58 (EUR -0.39%) over the counter the price data

The attacks, Bloomberg, part of a new crime wave in South Africa. The news Agency estimated that there were in South Africa to 2019 as many murders as it has been since a decade. On average, 50 people died of the day. Armed Robberies have become routine in the country. The police is so powerless that President Cyril Ramaphosa in Cape town began, even the army.

But which can't defend the mines, although almost necessary. In may, for example, overran equal to 50 attackers with a Mine of Gold One International. The police did not intervene, although the response to those fired. You want to invest? The experts from the Bernecker exchange-compass help you in your investment. (Partner offer), Free of charge, the recommendations of the Bernecker exchange-compass test! (Partner offer)

"That's the Job of the government"

The mine operators increased after the incident its own security arrangements, if a Manager of the group, noted to Bloomberg that the well will not be enough. "It is not the task of a mine group to be with such a loss, but the Job of the government," said the Manager.

the largest conveyor in South Africa, Sibanye, has stepped up its security measures, although the security chief of the company, Nash Lutchman, remains skeptical. "This is military precision, as these attacks are planned and implemented," said Lutchman to Bloomberg, "no Mine has enough men and firepower to a rush of 20 to 30 repel Armed." With Stock Selection in Europe, you will achieve excess Returns with System! (Partner offer) Now 30 days free of charge test!

stocks rallied along with the price

Nevertheless, the attacks are a burden on the already sluggish business of the gold mines on the Witwatersrand range of hills. Higher costs for the safety of the installations a drain on the low margins. Accordingly, short-lived, the recent rise in shares could be. Both the title of Sibanye (WKN: A1KBRZ) as well as Gold Fields International (WKN: 856777) in the past twelve months, together with the price of gold, to have been properly given. Gold Fields rose to ECU 63.69 percent, while Sibanyes shares rose even by 188 percent.

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Updated Date: 04 February 2020, 14:00

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