GOLD 1214.16 $/ozChange: -2.87
PLATINUM 1331.00 $/ozChange: -4.00
R/$ exchange 11.14Change: -0.07
R/€ exchange 14.31Change: 0.00
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
close notification
powered by
Advanced Search
Most Popular Articles
Resources Watch
Embed Code Close
28th February 2013
Text Smaller Disabled Text Bigger

Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.

This week:
Gold Fields  says R4-billion more will set South Deep up for 50 years.
AngloGold Ashanti CEO Mark Cutifani says negative sentiment on South Africa is ‘significantly overblown’.
And, industry still isn’t clear about the mining tax direction after the Mangaung conference.

The planned investment of R4-billion more in the giant South Deep gold project will set the mine up for 50 to 60 years of ongoing operation, says Gold Fields CEO Nick Holland.

Gold Fields CEO Nick Holland

The negative sentiment on South African has been “significantly overblown” at a time when the right things are being done, says outgoing AngloGold Ashanti CEO Mark Cutifani.

AngloGold Ashanti CEO Mark Cutifani

Mining is a capital-intensive, long-term and high-risk business and international research shows that, after geology, policy certainty and predictability are the most important issues for mining companies planning any investment, which is why the uncertainty regarding possible higher taxes for the mining industry must be cleared up as soon as possible by the ruling party and government.

KPMG head of energy and natural resources tax Andries Myburgh

For mining news as it breaks, stay logged onto Mining and register for our free daily newsletter.

Edited by: Shannon de Ryhove


To subscribe to Mining Weekly's print magazine email or buy now.

FULL Access to Mining Weekly and Engineering News - Subscribe Now!
Subscribe Now Login
Resources Watch
This video is licensed under a Creative Commons License
Selected Video Download (20.51mb)