https://www.miningweekly.com

Resources Watch

22nd August 2013

By: Creamer Media Reporter

  

Font size: - +

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:
Northam platinum says social tension and calls for higher wages are a significant concern for the company.
AngloGold says the jewellery sector, which consumes 43% of the firm’s gold, needs nurturing.
And, Atlatsa posts a second half output jump of 27% as efficiencies kick in.

Northam Platinum CEO Glyn Lewis

Labour issues, combined with relatively weak economic fundamentals, continue to challenge the platinum sector, and while the weaker rand has provided some respite, it doesn’t present a long-term solution for maintaining a sustainable industry going forward, says Northam Platinum CEO Glyn Lewis.

AngloGold Ashanti stakeholder relations and marketing executive VP Yedwa Simelane

Gold producer AngloGold Ashanti believes that it has to nurture the jewellery industry as this comprises about 43% of the company’s gold market, while a continuous decline in gold jewellery production could lead to a decline in gold demand.

Atlatsa Resources chief commerical officer Joel Kesler

Triple-listed Atlatsa Resources Corporation says it’s achieved its strongest operating quarter and half-year performance in five years, lifting platinum-group metal ounces by 27.5% from 61 897 oz in the first half of 2012 to 78 944 oz for the six months ended June 30.

For mining news as it breaks, stay logged onto Mining Weekly.com and register for our free daily newsletter.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION