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:
AMSA implements large-scale, but ‘flexible’, labour reorganisation as Covid-19 bites
AECI still turns healthy profit, dividend owing to a robust response plan
And, PGM prices expected to remain robust in the short term
ArcelorMittal South Africa is expecting steel demand to remain subdued for the foreseeable future and indicated that it was pushing ahead with a large-scale labour reorganisation.
ArcelorMittal South Africa CEO Kobus Verster:
AECI has declared a gross interim cash dividend of 100c apiece for the six months ended June 30, owing to its well managed cash resources and despite the negative effects of Covid-19.
AECI CEO Mark Dytor:
Platinum group metals prices are expected to remain robust in the short term, with demand and supply starting to balance.
Anglo American Platinum CEO Natascha Viljoen:
For mining news as it breaks, stay logged onto Mining Weekly.com and register for our free daily newsletter.