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ESKOM: October is deadline for Eskom with CEO, rescue plan awaited

  • Date: 30-09-19
  • Category: ESKOM
  • Source: Mining Weekly

Debt-laden South African power utility Eskom Holdings has narrowed its search for a new chief executive officer as the government finalizes a plan to rescue the business.

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CHROME: Noront secures site for ferrochrome plant to service Ring of Fire deposits

  • Date: 30-09-19
  • Category: CHROME
  • Source: Mining Weekly

TSX-V-listed Noront Resources has secured a property in Sault Ste Marie, Ontario, to build and operate a ferrochrome production facility to service its chromite deposits in the emerging metals camp known as the Ring of Fire.

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PGM PROJECTS: Wesizwe making progress at Bakubung

  • Date: 30-09-19
  • Category: PGM PROJECTS
  • Source: Engineering News

Development at Wesizwe Platinum’s Bakubung platinum mine, near Rustenburg, is continuing in line with a new business plan that sets out the commissioning of a smaller mine with a process plant to produce and treat one-million tonnes a year by the third quarter of 2020.

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WAGE NEGOTIATIONS: We saw that the job cuts were coming – Amcu

The Association of Mineworkers and Construction Union (Amcu) president Joseph Mathunjwa said the union knew there would be a bloodbath of jobs if Sibanye-Stillwater’s acquisition of Lonmin’s Marikana operations was approved by the Competition Commission.

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PGM PROJECTS: DFS confirms world-class palladium deposit in South Africa

  • Date: 29-09-19
  • Category: PGM PROJECTS
  • Source: Mining Review

Dual-listed Platinum Group Metals’ results from an independent definitive feasibility study on its Waterberg project confirms it to be a world-class nature palladium deposit with the potential to be one of the largest fully mechanised, low cost PGM mines in the world.

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PGM PRODUCERS: Massive job cuts loom at Sibanye-Stillwater over ‘cash burn’

The National Union of Mineworkers says the job cuts are a way of maximising profits for the shareholders at the expense of poor mineworkers, who earn poverty wages. A R1.8 billion cash burn in nine months is the main reason behind mining company Sibanye-Stillwater’s “restructuring”, which could result in about 5,000 jobs cut at its Marikana operation in North West, previously under Lonmin. 

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PGM PRODUCERS: Amplats’ Mogalakwena yet to reach full potential

While Anglo American Platinum’s (Amplats) large-scale Mogalakwena open pit mine may hold ‘first place’ on the global PGM production podium, its greater potential has yet to be reached.

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WAGE NEGOTIATIONS: AMCU's Mathunjwa: Government to blame for Sibanye job cuts

Association of Mineworkers and Construction Union president Joseph Mathunjwa told Fin24 that his union had been alone in fighting the acquisition of Lonmin by Sibanye-Stillwater [JSE:SGL], which he blames for the more than 5 000 jobs to be lost at mining operations.

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