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.
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