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:
Eqstra H1 profit falls on exit of noncore operations
RBPlat posts FY loss, delays projects
And, Sibanye Gold preparing to spend upped R3.9bn capex
JSE-listed Eqstra’s profits plunged into the red during the first half of the 2016 financial year, as an exit plan and overall progress made on the company’s 2020 strategy weighed on the interim financial results.
Eqstra CEO Jannie Serfontein:
Owing to depressed market conditions with metal prices “tanking at an alarming pace”, compounded by ongoing work stoppages owing to five fatalities, platinum miner Royal Bafokeng Platinum has posted dismal results, with a headline loss a share of 83c for the 2015 financial year, compared with headline earnings a share of 239c for 2014
RBPlat CFO Martin Prinsloo:
Precious metals mining company Sibanye Gold is forecasting a capital expenditure of R3.9-billion this year, an increase of more than R400-million on 2015.
Sibanye Gold CEO Neal Froneman:
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