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:
Glencore Xstrata takes an $8.5-billion impairment charge.
There’s an exciting diamond find in Liberia.
And, the Waterberg opens up to Exxaro as the Transnet expansion gains traction.
Diversified major Glencore Xstrata has reported an $8.9-billion interim loss as it booked a $7.7-billion write-down on assets inherited from the merger with Xstrata in May this year.
Reuters' Ciara Sutton reports. Video courtesy of Reuters.
An exciting diamond find has been made in Liberia, says Incubex Minerals chief operating officer Dr John Bristow. He said the discovery of what appears to be a kimberlite pipe had been made by South African-born geologist Steve Haggerty, CEO and chief exploration officer of Youssef Diamond Mining Company.
Incubex Minerals COO Dr John Bristow
JSE-listed Exxaro said it was optimistic about the “action on the ground” at State-owned Transnet Freight Rail (TFR) as it progressed plans to expand capacity on the existing rail network out of the Waterberg coal region.
Exxaro executive head for coal Mxolisi Mgojo
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