SABC News - Lonmin


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.


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.


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.


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.


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.


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.


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.


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.


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.


The EFF says Riah Phiyega's suspension was extremely long overdue
Amcu calls for more heads to roll after Phiyega

Thursday 15 October 2015 06:45

Amcu says National Police Commissioner, Riah Phiyega, should not be the only one facing suspension.


Rand firms on Fed rate hike speculation, stocks fall

Monday 12 October 2015 20:22

South Africa's rand firmed against the dollar on Monday as investors became more convinced that the U.S. Federal Reserve would not raise interest rates this year.


Rand on course for 3rd day of gains, stocks rise

Thursday 1 October 2015 23:16

South Africa's rand was a touch firmer against a wobbly dollar on Thursday, on track for a third consecutive daily gain as investors found renewed appetite for high yielding emerging markets.


 The president said he is looking for a swift process in which to compensate the victims of the Marikana tragedy.
Marikana families feel vindicated and optimistic

Wednesday 30 September 2015 10:45

Family members of the Marikana mineworkers have welcomed steps to reach an out-of-court settlement.


More than 40 people and at least 300 miners died during the Marikana tragedy.
Govt to compensate Marikana victims

Tuesday 29 September 2015 20:51

President Jacob Zuma says he is looking for a swift process in which to compensate the victims of the Marikana tragedy.


ANC to engage opposition parties on EFF motion

Thursday 24 September 2015 12:31

The African National Congress in Parliament says it will consult opposition parties to rescind an earlier Economic Freedom Fighter motion on Lonmin platinum mine.


The Rustenburg assets employ 16 000 workers in three shafts and supporting infrastructure, which include concentrating plants and a chrome recovery plant.
Amplats sells Rustenburg mines to Sibanye for R4.5 billion

Wednesday 9 September 2015 11:37

Anglo American Platinum (Amplats) said on Wednesday it has sold its labour-intensive South African mines to bullion producer Sibanye Gold for R4.5 billion.


Consultative meeting aims to tackle mining challenges

Tuesday 8 September 2015 00:40

Government's plans to stem the massive job losses in the mining sector will be tabled at the consultative meeting currently underway at the Sefako Makgatho Presidential Guest House in Pretoria.


Phiyega tells Zuma she needs 'more clarity'

Thursday 3 September 2015 18:03

National Police Commissioner Riah Phiyega has told President Jacob Zuma she needs more time to respond to his letter warning her of a possible suspension.


The mining industry is negatively affected by the weaker Rand.
Stakeholders meet to tackle job losses in mines

Monday 31 August 2015 05:35

The Department of Mineral Resources, the mining industry and unions are expected to hold a top-level meeting on Monday to find ways to save jobs in the sector.


National Police Commissioner, Riah Phiyega's fitness to hold office has been questioned
Popcru stands by Phiyega

Monday 24 August 2015 10:06

Popcru says it is in support of embattled National Police Commissioner, Riah Phiyega, but says it has reservations about contents of the Farlam Commission report.


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