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.
Sashnee Moodley:
This week:
Transnet says some capex to be deferred
Work together or perish together, Diamond Indaba hears
And, Davis tax proposals sound death knell for new mine development
Transnet insisted that its R340-billion to R380-billion Market Demand Strategy remained intact, but confirmed that some components of the investment plan could be deferred in light of the weaker commodity outlook and South Africa’s lower growth performance.
Transnet acting CEO Siyabonga Gama
The South African diamond beneficiation industry was confronted with the choice of either working together in a government, labour and business partnership or perishing together as failures.
World Federation of Diamond Bourses president Ernie Blom
The recommendations of the Davis Committee on Tax bring the prospect of new mining development to a screeching halt and sound the death knell for new gold mining development in particular, commentators warn.
Imara Asset Management investment manager Bruce Williamson
Sashnee Moodley:
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