Resources Watch
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:
Krugerrand demand resurgence anticipated to result in record sales
Harmony ups South African capex, pays 70% higher dividend
And, ‘Next-gen’ butt-welding machine keeps mine start-up on track
Increased demand for gold has supported sales of the gold bullion Krugerrands and this year is predicted to yield the highest sales since the 1980s, with an expected 15% to 20% increase on the 1.1-million ounces of the coins sold in 2016.
Rand Refinery marketing executive head Richard Collocott:
Harmony Gold, which spent R2.3-billion capex on its South African operations in the 12 months to June 30, will be increasing its capex to R2.7-billion for mainly the ongoing development of gold mines in the Free State.
Harmony Gold CEO Peter Steenkamp:
Plasti-Tech Piping Systems has supplied “next-generation” plastic pipe butt-welding technology for the installation and commissioning of a water supply pipeline for the Balama graphite mine.
Industrial plastic piping company Plasti-Tech managing member Brad Chamont:
For mining news as it breaks, stay logged onto Mining Weekly.com and register for our free daily newsletter.