Lonmin seeks $800m in rights issue
UPDATED: Lonmin has proposed a rights issue of $800m, likely to take
place
before the end of the year, as part of a strategy to refinance its balance
sheet.
Battle weary Lonmin slashes capex further
Lonmin has reined in capital expenditure for the next two years by another
23% as the company seeks to map its way forward following the events at
Marikana.
Genorah to keep Nkwe stake
Nkwe Platinum says the equity stake of its major shareholder, Genorah Resources, is
safe following the lapse of a security lending agreement.
Talks on platinum forum lose momentum
Negotiatons on the establishment of a central bargaining platform for the platinum
sector is losing momentum, says a union official, while Amcu refuses to return to
talks.
Lonmin refutes collusion prior to shootings
Lonmin has defended director Cyril Ramaphosa, who was placed at the centre of
potentially controversial e-mails only 24 hours prior to the shootings of Marikana
miners in August.
Amplats holds off on further dismissals
Anglo American Platinum says it is holding off on dismissing striking workers at its
Union and Amandelbult mines.
Everyone in platinum ‘is now making money’
There’s a short-term benefit flowing through to the platinum sector, ironically owing
to the undoubtedly long-term negatives attached to the strike action.
Amcu storms out of central bargaining talks
The Associated Mineworkers and Construction Union (Amcu) has stormed out of talks
regarding a central bargaining forum for the country’s platinum sector.
Holgoun scores R36m in Marikana right sale
Holgun Group sells the right to mine and market "associated metals’ produced from a
section of Lonmin’s Marikana mine, settling a dispute that drew disquiet over SA’s
security of tenure.
NUM numbers 13% at Implats Rustenburg
UPDATED: The National Union of Mineworkers represents 13% of workers at Impala
Platinum in Rustenburg, according to a company letter (copy of letter included).