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Wednesday, March 18, 2009.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
On Tuesday, the Exxaro safety summit heard that more mine workers had died so far this year on South African mines than in the same period last year. Also many accidents involved Section 28 artisans, previously unacceptable to South Africa's Chamber of Mines.
National Union of Mineworkers safety head Mziwakhe Nhlapo said that 34 miners had died to date this year. This was 12 more than for the same period in 2008.
UASA sector manager Charles De Carvalho pointed out that his union had found that many of the accidents involved Section 28 artisans.
He said that, as a result of the shortage of mining-industry artisans, many Section 28 artisans had been employed.
Charles de Carvalho
Meanwhile, Nhlapo suggested that current mining retrenchments could be a cause of lower worker morale, which could be a contributing factor to the increased number of deaths.
The shares of lambasted Pamodzi Gold fell another 15% on Tuesday after it was obliged to release more bad news on the JSE's Stock Exchange News Service.
The black-owned company advised investors that it's opposing an application in the Pretoria High Court to have it liquidated.
In addition, it revealed that, as a result of not having received the promised 200-million-rand loan from Best Rock Investments LLP, it was involved in negotiations with a view to coming up with a complete solution to the funding issues Pamodzi Gold faces.
The company further advised shareholders to exercise caution when dealing in the shares of the company.
Also making headlines:
Australia's Gleneagle Gold buys into a South African Waterberg coal project.
Anglo American sheds the last of its AngloGold shares for 1,28-billion-dollars in cash.
Zimbabwe moves to repossess unused mining claims.
And, the directors, senior management and staff of Anvil Mining agree to a 20% reduction in fees and salaries, as the firm moves to cut costs and conserve cash.
That's a round up of news making headlines today. For more on these and other stories please visit miningweekly.com.