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:
Gold Fields set for ‘year of reinvestment’, announces R2.28bn South Deep growth plan
DRDGold spends R26m in six months on environmental restoration
And, Kumba applying exploration-to-beneficiation technology
The South Deep gold mine achieved several milestones in 2016 as interventions implemented over the past two years started yielding results and dual-listed Gold Fields will now embark on a new R2.3-billion rebase plan at the mine to create a defensive asset in a spiralling industry.
Gold Fields CEO Nick Holland
Johannesburg is probably one of the world’s best examples of unintended sustainable development, where almost accidentally the mining economy has been fully replaced by another larger economy.
DRDGold CEO Niël Pretorius
South Africa’s biggest iron-ore mining company Kumba Iron Ore intends maximising the return potential of its assets through productivity initiatives, accompanied by ongoing robust cost management.
Kumba Iron Ore CEO Themba Mkhwanazi
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