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:
Kumba exceeds its 2014 production target, but feels the export price crunch.
South Deep hits a ‘low point’ in 2014 as skills deficit and downtime bite.
And, Universal aims for midtier status through a portfolio expansion.
JSE-listed iron-ore miner Kumba Iron Ore exceeded the 35-million-tonne production target at its Sishen mine in 2014, owing to the successful implementation of a recovery plan for the mine.
Kumba Iron Ore CE Norman Mbazima
Despite the implementation of a strategy aimed at buffering gold producer Gold Fields from an enduring low gold price environment, the company said that its key South Deep mine had been pushed to “its low point” in 2014.
Gold Fields CEO Nick Holland
ASX-listed coal miner Universal Coal is considering the acquisition of four thermal assets, with an announcement about the acquisition of one of these greenfield assets from an undisclosed mining major expected soon.
Kangala colliery GM Petrie Erasmus
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