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South African miner Gold Fields wants a 20% profit margin irrespective of the gold price;
AngloGold Ashanti is studying projects worth $2-billion in South Africa;
And, diversified miner Exxaro is exploring iron-ore options on three continents.
JSE-listed Gold Fields will re-engineer its operations in order to achieve a minimum 20% profit margin across the group after all operational and capital expenditure.
Gold Fields CEO Nick Holland
AngloGold Ashanti chief executive Mark Cutifani says the group is looking at two 20-year to 30-year gold projects in the West Wits and Vaal River areas in South Africa.
AngloGold Ashanti CEO Mark Cutifani
Exxaro is continuing to look seriously at iron-ore and is studying opportunities on three continents. CEO Sipho Nkosi says the group's entire strategy into the iron-ore market includes the leveraging of unique beneficiation technology.
Exxaro CEO Sipho Nkosi
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Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
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