https://www.miningweekly.com

Resources Watch

19th September 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:
Black juniors eye the coal assets of disillusioned foreign companies.
Excessive capex is to blame for low commodities prices, says GlencoreXstrata.
And, Alexkor is set to diversify into coal and limestone.

The current crisis in the South African mining sector is opening up significant opportunities for emerging black junior miners in the coal space, says Wescoal nonexecutive chairperson Robinson Ramaite.

Wescoal chairperson Robinson Ramaite

The newly merged mining giant GlencoreXstrata surprised investors by upping its target for cost cutting from an initial estimate of $500-million to $2-billion. Reuters' Hayley Platt reports.

Video courtesy of Reuters

The Department of Public Enterprises has revealed a “game-changing” plan to diversify State-owned diamond miner Alexkor into a strategic coal and limestone player, as well as a land-mining company, as marine-produced diamond resources waned.

Alexkor CEO Percy Khoza

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

Edited by Shannon de Ryhove
Contributing Editor

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