Commodity prices are unsustainable at these levels - Peter Major rings the alarm bells

Mining guru Peter Major is the go to man for anything and everything resource-related, with the veteran mining director cautioning investors on a day where Sasol, Northam and Impala Platinum announced results and earnings guidance. Major noted that the drivers of Sasol's earnings - chemicals, was largely unexpected by the market given the robustness in the oil price since the beginning of the year. Major also gives credit to the resource counters management, stating that this is the most disciplined the management teams have been since he got to South Africa in 1982. Lastly, BizNews founder Alec Hogg and Major talk about the imminent corporate action with BHP Billiton's petroleum unit, which is a significant contributor to the bottom line of one of the world's largest mining companies. Learn more about your ad choices. Visit megaphone.fm/adchoices