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Content about mining

July 9, 2014

DE BEERS has brought Ponahalo Holdings, its 26% empowerment partner, into the trading arm of its South African mines in a deal totalling R2.5bn, including the purchase of the sorting and valuation business from the De Beers parent group.

As part of its empowerment obligations, De Beers Consolidated Mines (DBCM), the South African business of De Beers, an Anglo American subsidiary, has brought its eight-year empowerment partner into De Beers Sightholder Sales SA, the diamond trading business based in Kimberley, the spiritual home of the company.

July 9, 2014

DE BEERS has brought Ponahalo Holdings, its 26% empowerment partner, into the trading arm of its South African mines in a deal totalling R2.5bn, including the purchase of the sorting and valuation business from the De Beers parent group.

As part of its empowerment obligations, De Beers Consolidated Mines (DBCM), the South African business of De Beers, an Anglo American subsidiary, has brought its eight-year empowerment partner into De Beers Sightholder Sales SA, the diamond trading business based in Kimberley, the spiritual home of the company.

June 25, 2014

RUSTENBURG - Mineworkers in the platinum belt have started reporting for duty.

Wednesday marks the first day in five months that thousands of workers will set foot on a mine.

But the mining companies and Amcu have agreed the workers wont be going underground just yet.

What we're proposing is restructuring of the labour relations regime.

June 25, 2014

RUSTENBURG - Mineworkers in the platinum belt have started reporting for duty.

Wednesday marks the first day in five months that thousands of workers will set foot on a mine.

But the mining companies and Amcu have agreed the workers wont be going underground just yet.

What we're proposing is restructuring of the labour relations regime.

June 25, 2014

The South African economy has created 9 000 jobs in the first quarter - a far cry from the 125 000 job target - as prescribed by the National Develpment Plan.

The National Development Plan sets a target of 11-million additional jobs formal and informal by 2030. This would require half-a-million jobs a year, more than 10 times the number achieved in the formal sector over the past year.

June 24, 2014

Agreements to end the five-month strike in the platinum sector will likely be signed within hours, the Association of Mineworkers and Construction Union said on Tuesday.

National treasurer Jimmy Gama said the union would brief media in Johannesburg at 1pm and the agreements would likely be signed before this.

He believed the agreements would be signed at Lonmin's offices in Melrose Arch, Johannesburg.

June 18, 2014

The ruling party had high praise for President Jacob Zuma's State of the Nation address on Tuesday, but opposition leaders described it as "mediocre" and "muted".

"What was important about the speech is that it is converting the manifesto of the ANC into a programme of action," ANC secretary general Gwede Mantashe told reporters outside the National Assembly.

He described it as an "action-oriented" speech.

June 4, 2014

The 5month strike by AMCU members could be nearing its end, with negotiations between the union and a government task team going well.

AMCU president Joseph Mathunjwa says the talks are expected to continue today,  with mining bosses of the three platinum firms.

On January 23, the union's members downed tools at Lonmin-Impala and Anglo Platinum , demanding monthly salary of R12500.

May 30, 2014

18 weeks later and Government is finally planning to take initiative to end a crippling platinum sector strike.

The impact of the strike has been seen in first quarter GDP data where a 24.7% drop in mining output, dragged SA's economy into contraction fueling fears Africa's most advanced economy could head into recession this year.

 

May 29, 2014

An inter-ministerial team is set to meet with AMCU and mining bosses today ,to conjure up ways to alleviate  the ongoing strike in the platinum sector.

Minister of Mineral resources, Ngoako Ramatlhodi says the team has been set up to explore all possibilities from both sides, to bring an end to the strike

AMCU members at Lonmin Impala and Anglo Platinum downed tools in January, demanding a basic salary of r12 500 per month.

May 29, 2014

An inter-ministerial team is set to meet with AMCU and mining bosses today ,to conjure up ways to alleviate  the ongoing strike in the platinum sector.

Minister of Mineral resources, Ngoako Ramatlhodi says the team has been set up to explore all possibilities from both sides, to bring an end to the strike

AMCU members at Lonmin Impala and Anglo Platinum downed tools in January, demanding a basic salary of r12 500 per month.

May 29, 2014

The Association of Mineworkers and Construction union is accusing platinum companies of being guilty of dodging tax and wage evasion.

This is word from, AMCU's negotiator Brian Ashley , claiming the mning companies could be moving some of their profits to countries with no tax.

The union's members downed tools on January 23 at Lonmin Impala and Anglo Platinum , demanding a basic salary of R12500 a month.

May 28, 2014

The price of petrol is expected to go down by atleast 20cents a litre in the coming month.

This is word from Economist ,despite the mining strikes which has contributed to the decrease of the GDP.

The department of  energy is set to hold a briefing on the announcement by Friday.

 

 

May 21, 2014

South Africa could see an end to its longest standing strike, as platinum producers and AMCU have agreed to allow the labour court to mediate in their wage dispute.

This after the labour union took to court yesterday to stop the Anglo American Platinum Lonmin and Impala Platinum from negotiating directly with workers

 

 

 

May 16, 2014

The world's largest platinum mine,Impala Platinum, is not expected to see any profit at least until the middle of the year.

Impala has lost an estimated 246,000 ounces of platinum production,as a result of the strike by mineworkers since january.

Platinum mining companies have lost more than R15billion rand,with mine union Amcu instisting on its demand of a basic salary of  R12 500.

May 14, 2014

The Association of mineworkers and construction union and Lonmin, should respect the peace accord signed in efforts to end the violence that has erupted.

AMCU's strike, for a basic salary of R12500, is now in its fourth month with four mine workers killed in the last week.

More police officers at the platinum belt have been deployed to maintain safety for miners returning to work.

April 24, 2014

Wage talks between Amcu and mining sectors are expected to continue today in the city.

Amcu members at Impala platinum Lonmin and Anglo Platinum have been on strike since January 23 demanding a basic salary of R12 500 per month.

The strike has cost the companies more than R14 billion in revenue with workers having lost R6.4 billion in earnings.

Amcu president Joseph Mathunjwa

(Click for Audio)

April 24, 2014

Wage talks between Amcu and mining sectors are expected to continue today in the city.

Amcu members at Impala platinum Lonmin and Anglo Platinum have been on strike since January 23 demanding a basic salary of R12 500 per month.

The strike has cost the companies more than R14 billion in revenue with workers having lost R6.4 billion in earnings.

Amcu president Joseph Mathunjwa

(Click for Audio)

April 23, 2014

  Talks between mining bosses and AMCU are expected to resume today - after a day long meeting which ended in no resolution -yesterday.   The two parties are in negotiations - in a bid to resolve the 12 week intensified strike - that's cost the platinum sector nearly R18 billions-   AMCU members downed tools on January 23 - demanding a basic salary of R12 500 per month.   .