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28th February 2013
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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

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Edited by: Shannon de Ryhove

 

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