NUM gets wage rise from Transhex
The National Union of Mineworkers has secured wage increases of between 9% and 10%
for its members at diamond company Trans Hex.
Simmers shares on the rebound
Simmer and Jack stock recovered from near 12-month lows on Thursday, after its board clarified an alternative financial structure to the proposed R360m rights offer.
African Diamonds has hopes for Botswana
Diamond exploration company African Diamonds expects the AK6 diamond mine in Botswana to come on stream in the third quarter of 2011.
NUM to hand demands to Pamodzi liquidators
Mineworkers affected by the collapse of Aurora Empowerment System's financing plan to hand over a list of demands to the Pamodzi Gold liquidators.
Chinese make a bid for Aurora gold mines
An unspecified Chinese consortium makes a bid for two liquidated gold mines currently managed by Aurora Empowerment Systems, but secrecy shrouds the offer.
Metorex Ruashi plant back on stream
Metorex, the base metals mining group, says a planned shutdown to carry out essential maintenance at the Ruashi Mine in Congo (DRC) had been completed.
Harmony to scrap Nasdaq listing
Gold miner Harmony will terminate the listing of its American Depository Receipts on the Nasdaq bourse.
Central Rand Gold plunges on share offer
Central Rand Gold shares dived to new lows on the JSE and LSE, after the troubled junior announced a huge share offer and placement at a deep discount.
Chinese group bid for Aurora mines “imminent”
A bid from a South African group backed by a Chinese consortium is preparing a bid for two gold mines managed by Aurora Empowerment Systems on behalf of the liquidators of the operations.
Bauba forced to lower funding target
Hit by market volatility, Bauba Platinum has dropped its minimum funding target significantly and extended the closing deadline to raise the money.