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South Africa just hiked black ownership rules, miners getting crushed

Cecilia Jamasmie | June 15, 2017 | 6:15 am Base Metals Energy Precious Metals Africa Gold Iron Ore Platinum Uranium 

Mining companies operating in South Africa, including Anglo American (LON:AAL) and Sibanye Gold (JSE:SGL) (NYSE:SBGL), saw their stock collapse Thursday after the country’s government increased the minimum black ownership requirement for local mines and set a 12-month deadline for them...

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