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
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