Resources Watch

24th April 2014

By: Creamer Media Reporter


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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:
Standard Bank says there’s no platinum surge despite a 400 000 oz strike-related output loss.
There’s a campaign under way to pay the unclaimed R5-billion to 200 000 ex-mineworkers.
And, the worrying technical corner-cutting needs to be nipped in bud, says Mineral Corporation.

South Africa’s Standard Bank estimates that about 670 000 oz of platinum-group metals had been lost by the end of March as a result of protracted strike activity in the sector, with platinum comprising about 400 000 oz of that total and the balance made up of palladium (225 000 oz) and rhodium (54 000 oz).

Standard Bank commodities head Walter de Wet

A campaign is under way in the mining industry to find more than 200 000 former mineworkers who are owed at least R5-billion in unpaid provident fund, occupational disease and service-award claims.

Teba Limited CEO Graham Herbert

Mineral Corporation MD Frank Gregory says worrying technical corner-cutting is sneaking into the mining industry and needs to be nipped in the bud.

The Mineral Corporation MD Frank Gregory

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Edited by Shannon de Ryhove
Contributing Editor


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