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
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