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:
Cash-flush DRDGold considers a share buy-back.
Gas represents a R250-billion opportunity for South Africa.
And, a new plasma pipe-cutting machine enters production.
Surface gold mining company DRDGold, which has R324-million cash on hand after paying a five-times-higher dividend, is considering a buy-back of shares in support of its long-term shareholders.
DRDGold CEO Niël Pretorius
Global management consultancy McKinsey & Company argues that South Africa should urgently pursue a ‘big gas’ energy option to bridge an electricity supply gap of between 6 GW and 10 GW that could arise by 2025 as older coal-fired power stations are decommissioned.
McKinsey & Company principal Christine Wu
Components manufacturer Rio-Carb in June started producing pipes for the diamond mining industry using its new plasma pipe-cutting machine at its factory in Alberton, Ekurhuleni.
Rio-Carb director Martin Maine
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