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.
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.
Amplats disciplinary hearings start
Anglo American Platinum is holding disciplinary hearings on Tuesday, saying striking
workers who fail to present themselves will be dismissed.
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.
CoAL signs Beijing Haohua in $100m partner deal
Coal of Africa continues major surgery on its balance sheet selling $100m worth of
shares to equity partner, China’s Beijing Haohua.
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.
Atlatsa’s Bokoni sucked into strike contagion
Atlatsa Resources Corp’s Bokoni Platinum Mines said its workers had embarked on an
unprotected strike as yet another mine falls to industrial action.
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.
Sasol eyes coal export market
Sasol’s failure to press ahead with the R60bn Mafutha CTL project last year has given
it food for thought on what to do with the coal resources on which Mafutha was
premised.
Law firm warns over ending of investment treaties
The termination of bilateral investment treaties with EU member states may have a
negative impact on already-fragile investor confidence in SA’s mining sector, says
law firm Webber Wentzel.