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5th July 2012
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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:
Mincon and Western Star hand over a 35 ton truck to Booysen Bore Drilling.
Kumba is ‘well on the way’ to reaching its 70-million tons a year iron-ore target.
And, the ANC mining policy should focus on ‘capturing rents’, not on nationalisation.

Rock drilling equipment manufacturer Mincon, in association with truck manufacturer Western Star Trucks, has handed over a 35 ton custom-built 4900 series Western Star truck to Booysen Bore Drilling Company.

Western Star Trucks product manager Duncan Prince

The first shipment of lump iron-ore from Kumba Iron Ore’s new Kolomela mine is an important step towards Anglo American's goal of increasing production from its South African iron-ore assets to 70-million tons a year by 2019, says CEO Cynthia Carroll.

Anglo American CEO Cynthia Carroll

Strengthening the fiscal linkages to South Africa's mining industry through a new resource rents tax, which would effectively target super profits earned by domestic miners, was preferable to ‘blanket nationalisation’, which couldn’t be pursued in the absence of compensation, a co-author of the African National Congress’ ‘State Intervention in the Minerals Sector’ report argues.

State Intervention in the Minerals Sector co-author Dr Paul Jourdan

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Edited by: Shannon de Ryhove


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