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Resources Watch

Resources Watch

6th November 2014

By: Creamer Media Reporter

  

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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:
Wescoal will be a vastly different company by the end of the financial year.
AngloGold plans a $1-billion debt cut.
And, R1-billion has been set aside for the initial Waterberg coal rail ramp-up to 26-million tons.

Junior coal miner and supplier Wescoal would be a vastly different company at the end of the current financial year as new developments came on stream.

Wescoal CEO Andre Boje

Gold major AngloGold Ashanti is prioritising self-help steps to cut its debt by $1-billion and considering asset sales and partnerships, if required.

AngloGold Ashanti CEO Srinivasan Venkatakrishnan

State-owned freight logistics group Transnet will invest nearly R1-billion to facilitate an incremental increase in coal export volumes from Limpopo’s Waterberg to 26-million tons between 2015 and 2019.

Transnet Freight Rail CEO Siyabonga Gama

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

Edited by Shannon de Ryhove
Contributing Editor

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