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:
Despite cost cuts, Gold Fields is still focused on growth.
Kumba’s return to black shareholding rises to R21.7-billion.
And, Rod Pickering says it’s ‘absolutely unacceptable’ for South Africa to continue mining the way it is.
While gold producer Gold Fields is restructuring its operations to make the company more sustainable at the current gold price, it is still focused on growth, says Gold Fields CEO Nick Holland.
Gold Fields CEO Nick Holland
South Africa’s iron-ore major, Kumba Iron Ore, has hoisted returns to its broad-based black economically empowered shareholding still further, taking the total returned since the company listed on the Johannesburg Stock Exchange to a whopping R21.7-billion.
Kumba CFO Frikkie Kotzee
Centre for Mechanised Mining Systems Steering Committee chairperson Rod Pickering says it’s “absolutely unacceptable” for the South African mining industry to continue mining its hard-rock, narrow-reef resources conventionally.
Centre for Mechanised Mining Systems Steering Committee chairperson Rod Pickering
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