Company Announcement: Village Main Reef to Acquire 74% of Consolidated Murchison Mine for R30 million

Attached please find a press release on: Village Main Reef (‘Village’) today announced that it has entered into a binding agreement, subject to certain conditions precedent, to purchase 74% of Consolidated Murchison mine (‘CMM’), a 1.3...

Restructured Metorex upbeat about copper prospects, lifts output

JSE-listed Metorex on Tuesday reported a significant increase in its copper and cobalt output, boosted by the production build-up at its Ruashi mine in the Democratic Republic of Congo (DRC) and higher copper grades at the Chibuluma operation in...

Metorex may face interdict over Cons Murch retrenchments

South African trade union Solidarity said on Thursday that it planned to apply for an interdict against JSE-listed base metals producer Metorex’s antimony and gold mine Consolidated Murchison, outside Phalaborwa, after the mine started with the...

Over 12 000 South African mining jobs at risk

In excess of 12 000 mining employees could be affected by planned retrenchments, trade union Solidarity reported on Wednesday. The union said that it had received two more Section 189 notices, which could result in the retrenchment of about 1 000...

Metorex to sell stakes in two SA mines to black investors

South African diversified-miner Metorex was in talks to sell stakes in its Vergenoeg and Consolidated Murchison mines to empowerment groups, CEO Charles Needham said on Thursday.

Workers strike over wages at Metorex's Limpopo mine

Diversified-miner Metorex's employees at its Consolidated Murchison mine, in Limpopo, were striking over wages, it said on Wednesday.