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Resources Watch

Resources Watch

19th November 2015

By: Sashnee Moodley

Senior Deputy Editor Polity and Multimedia

  

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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:

AMSA adds R4.5bn rights issue to survival plan
AngloGold increasingly ‘upbeat’ on new improving mining technology
And, locally developed rail transport system to be deployed in 2016

ArcelorMittal South Africa announced a R4.5-billion rights issue as part of a multipronged survival package, which hinges on greater protection for the embattled domestic steel industry.
AMSA CEO Paul O’Flaherty

The new South African mining technology that AngloGold Ashanti is developing in its Tau Tona gold mine, is expected to produce 13 000 oz of gold this year compared with 3 000 oz last year.
AngloGold Ashanti CEO Srinivasan Venkatakrishnan

Milotek’s Futran rail transport system could be in commercial use on a mine in Southern Africa by January 2016.
Milotek CEO Andries Louw

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

Edited by Creamer Media Reporter

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