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:
Record rand gold price prompts Sibanye to call employees, unions back to the table
AngloGold international mines slashing costs, upping margins
And, AngloGold’s South African mines still laggards
Gold mining company Sibanye Gold has called on its employees, unions and associations to return to the table, not to reopen wage negotiations, but to enter into a dialogue on an innovative social and economic compact, involving job protection when margins are low and the exercise of greater wage latitude when margins recover.
Sibanye Gold CEO Neal Froneman:
The international operations of AngloGold Ashanti have virtually halved their all-in sustaining costs (AISC) over three years.
AngloGold COO International Ron Largent:
The South African operations of AngloGold Ashanti, which improved only slightly in the three months to December 31, remain ‘outlier’ laggards.
AngloGold CEO Srinivasan Venkatakrishnan:
For mining news as it breaks, stay logged onto Mining Weekly.com and register for our free daily newsletter.