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
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