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Resources Watch

Resources Watch

27th August 2015

By: Creamer Media Reporter

  

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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:
Exxaro sets its sights on coal to revive its earnings.
AngloGold harvesting its short-life mines.
And, legislative changes to be supportive of offshore oil and gas drilling, says President Zuma.

Diversified miner Exxaro is placing its bets on coal as the South African mining industry battles the “stormy waters” that have “pushed it into trouble”.

Outgoing Exxaro CEO Sipho Nkosi

AngloGold Ashanti is harvesting short-life gold mines for cash and will do so with more mines if the gold price falls below $1 000/oz.

AngloGold Ashanti CEO Srinivasan (Venkat) Venkatakrishnan

President Jacob Zuma says the finalisation of the Mineral and Petroleum Resources Development Act Amendment Bill  will assist the country to accelerate offshore oil and gas exploration.

President Jacob Zuma

For mining news as it breaks, stay logged onto Mining Weekly.com and register for our free daily newsletter.

Edited by Shannon de Ryhove
Contributing Editor

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