SABC News - Lonmin

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AMCU to set wage demands for platinum sector

Monday 16 May 2016 19:15

Members of South Africa's Association of Mineworkers and Construction Union (AMCU) will on Thursday begin meetings to decide on pay demands for platinum companies as wage talks loom.

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Lonmin says over 5,000 workers leave after restructuring

Thursday 3 March 2016 13:21

South African-focused platinum producer Lonmin says on Thursday it had trimmed its workforce by more than 5,000 in a restructuring triggered by depressed prices.

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Minister Mosebenzi Zwane says other countries are also facing job cuts in the mining industry.
“SA better at managing job losses in mining sector”

Thursday 3 March 2016 07:01

Mineral Resources Minister Mosebenzi Zwane says the situation in the mining sector remains desperate.

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Lonmin has announced that about 6000 miners need to exit their system.
War brews over looming mine mass retrenchments

Saturday 30 January 2016 08:00

A fierce battle is on the cards at the mining industry, as stakeholders, including mining unions, are gearing to challenge the looming mass retrenchments.

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Thirty four miners were shot dead by police during an unprotected wage strike at Lonmin's Marikana platinum mine in the North West.
Marikana victims pin hopes for closure on Lawyers meeting

Friday 29 January 2016 05:45

Government lawyers will on Friday morning meet with legal representative of the claimants of the 2012 Marikana shootings in Sandton.

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Platinum producer Lonmin cuts jobs and costs

Thursday 28 January 2016 11:21

Platinum producer Lonmin will continue to review its services and reduce costs, mainly through cutting jobs, as the slide in the price of its main commodity bites further.

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Marikana tragedy could have been prevented: NUM

Tuesday 26 January 2016 21:51

The NUM says had police been properly trained to keep public order, the tragedy that happened in Marikana in 2012 could have been averted.

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Clashes over Marikana RDP houses allocation

Monday 11 January 2016 19:39

There have been fresh clashes over the allocation of RDP houses in Marikana in the North West, this time between two groups of residents.

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 Two thousand jobs are on the line at Lonmin Platinum Mine in Rustenburg.
Lonmin hopes retirements will save retrenchment

Monday 28 December 2015 14:10

Platinum producer Lonmin in Rustenburg says that if workers reaching retirement age voluntarily take packages, then the move to retrench could be abandoned entirely.

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Lonmin to cut 2 000 jobs

Monday 28 December 2015 08:39

Lonmin in Rustenburg, which earlier announced that 6 000 jobs will be cut at the end of this year, says it may be forced to scale down that number to just under 2 000.

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Govt disrespecting us: Marikana claimants

Wednesday 9 December 2015 18:03

The miners injured and arrested during the Marikana shooting, as well as the families of those who were killed, have accused government of disrespecting them.

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Terms of reference for Phiyega inquiry not amended: Presidency

Saturday 21 November 2015 09:33

President Jacob Zuma has not amended the terms of reference of the board of inquiry into allegations of misconduct by National Police Commissioner Riah Phiyega.

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Lonmin has warned that if it doesn't raise the cash it needs, its shares could be suspended
Lonmin shareholders provisionally approve crucial rights issue

Thursday 19 November 2015 16:52

Lonmin shareholders provisionally approved the company's deeply discounted $407 million share issue on Thursday, its chairperson said, as the beleaguered platinum producer seeks cash to stay afloat.

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Government says mines should conserve water.
Mines urged to use water sparingly

Sunday 15 November 2015 11:09

Minister of Water Affairs and Sanitation Nomvula Mokonyane has urged all mining houses to use water sparingly on their operations.

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North West, the province in which Lonmin mainly operates, has been declared a disaster area.
Lonmin warns water shortage could affect production

Saturday 14 November 2015 20:00

The world's third largest platinum producer, Lonmin, in Rustenburg, has warned that the prolonged water shortage in several parts of the country will have a direct impact on its production.

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Lonmin stocks plummet

Wednesday 11 November 2015 23:22

Battered by strikes, rising costs and weak platinum prices, Lonmin is seeking to raise eight billion rand in a share issue, priced at a 94 percent discount and another seven billion rand in loans.

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Rand falls to record low, boosts gold stocks

Tuesday 10 November 2015 05:30

The rand hit new record lows on Monday as the prospects of a US rate hike hardened.

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Truworths star performer on JSE

Friday 6 November 2015 13:51

Clothing retailer Truworths International [JSE:TRU] was the star performer on the JSE on Thursday morning after better-than-expected sales gave the share price a massive boost.

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Angry construction workers hold employers hostage

Friday 6 November 2015 05:40

Angry construction workers are holding their employers hostage near Rustenburg in the North West.

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Amcu is threating to go on strike at the Aquarius mine should their demands not be met
Amcu to press forward with R12 500 wage demand

Monday 2 November 2015 20:05

Amcu says it won't let go of its R12 500 wage demand, this after members at Rustenburg’s Aquarius held a mass meeting on Monday.

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