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:
Platinum industry not mining anywhere near forecast demand
Roodepoort Rocket back as DRDGold pays off-charts dividend
And, mining project enquiries on the rise
The platinum mining industry is not mining anywhere near the forecast demand of nine-million ounces by 2025, the nominal global demand quantum based on a modest compound annual growth rate of only 1.5%.
Northam Platinum CEO Paul Dunne
DRD Gold announced a dividend six times higher than last year’s, as its market capitalization rocketed from R700-million to R3.7-billion in a matter of months.
DRDGold CEO Niël Pretorius
Although the mining project business is currently depressed, the increased number of enquiries for potential studies is indicative of an uplift in demand.
Amec Foster Wheeler regional director: mining Africa Gavin Chamberlain
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