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:
De Beers plans to keep South African diamond exploration spend at R30-million a year.
And, South Africa’s ‘instant’ society hurts prospects.
Diamond company De Beers plans to maintain its diamond exploration spend in South Africa at R30-million to R35-million a year.
DBCM CEO Phillip Barton
South Africa has reached a proverbial crossroads, where the nation’s great Constitution and legal framework and prospects of being a successful country were being offset by persistent poverty, inequality and a scourge of unemployment – and the effects of an increasingly “instant” society.
National Union of Mineworkers general-secretary Frans Baleni
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