Ramaphosa credit positive for miners: Moody's

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Black Rock Mine on Wednesday said it was investigating an internal complaint of sexual harassment after the National Union of Mineworkers (NUM) reported the matter to senior management last week.

LONDON - South Africa’s new leadership headed by newly-elected President Cyril Ramaphosa is a ‘credit positive’ for many of the country’s top gold and platinum miners.

It added that a resolution of issues around the country’s revised mining charter and finalisation of the Mineral and Petroleum Resources Development Act amendment bill would be credit positive for Anglogold Ashanti (baa3 positive), Gold Fields (ba1 positive) and Sibanye Gold (ba2 stable).