Aquarius issues 2.9% of shares to ‘preserve’ BEE
Aquarius Platinum issues 2.9% of its stock - and says that it will issue more - to
preserve the 13% held by its BEE partners in a development that is ominous for SA
mining.
300 Sishen employees on strike
Kumba Iron Ore says about 300 employees at the company’s Sishen mine in the
Northern Cape have embarked on an unprotected work stoppage.
Existing wage deal offers pay hike loophole
Mineworkers within the gold and coal sectors may be in line for additional salary
increases this year without the need to amend existing formal wage agreements.
Eskom vulnerable as truck driver strike rolls on
Return-to-service power stations owned by Eskom may be vulnerable to coal supply
disruptions on the back of the truck drivers’ strike, now in its second week.
Shabangu blames Implats for strike contagion
Susan Shabangu, South Africa’s mines minister, said Impala Platinum’s increase of
miner wages last year was the root cause of the country’s current strike contagion.
Gold Fields, NUM solve South Deep impasse
Gold Fields and the National Union of Mineworkers have settled their differences over
working conditions and an operational model at the company’s South Deep mine.
Wounded NUM eyes up to R18,000 per month
The National Union of Mineworkers will present wage demands of as high as R18,000
per month to the Chamber of Mines.
Amplats disciplinary hearings start
Anglo American Platinum is holding disciplinary hearings on Tuesday, saying striking
workers who fail to present themselves will be dismissed.
Glencore, Xstrata agree on $33bn “merger’
The proposed $33bn merger of Xstrata with Glencore is back on track as the two
companies unveiled terms that make concessions to shareholders on both sides.
Cutifani warns of tears at ‘knife-edge’ mines
AngloGold Ashanti’s CEO sketched a grim scenario for South Africa’s mining industry
which was on a knife-edge amid illegal strikes in which some 80,000 mineworkers
were participating.