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Resources Watch

27th February 2015

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:
Sibanye eyes a R3-billion, 150 MW solar power station.
DRDGold lifts its output 6% despite 67 hours of load shedding in December.
And, the International Council for Mining & Metals says mines are the development engines for host countries.

Gold miner Sibanye Gold plans to build a R3-billion, 150 MW solar power plant to ease its reliance on the costly and unreliable electricity supply from South Africa’s State-owned power utility Eskom.

Sibanye CEO Neal Froneman

Despite experiencing some 67 hours of load shedding in the last month of 2014, specialist tailings miner DRDGold lifted gold output for the six months ended December 31 by 6%.

DRDGold CEO Niël Pretorius

Mines are proven engines of economic development for host countries, which benefit significantly from the foreign direct investment that mines attract as well as the export earnings that they generate, a study by the International Council for Mining & Metals has found.

ICMM president Tony Hodge

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

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