Company Announcement: Shanduka Group increases shareholding in Shanduka Coal

Shanduka Group, today announced that it has increased its shareholding in Shanduka Coal from 30% to 50.01%, which will result in Shanduka sharing control of Shanduka Coal with Glencore International plc.

SA coal strike ends as employers, unions sign 2-year wage deal

A week-long strike by some 150 000 workers in South Africa’s coal sector came to an end on Monday as employers and unions signed a two-year wage agreement and reached a consensus on other conditions of employment. In 2011, miners, artisans and...

Coal workers down tools in South Africa, gold miners to follow

As South African coal workers walked off the job this weekend to demand higher wages, power utility Eskom said on Monday that it had contingency plans in place, but that a protracted strike could risk power supply. Wage negotiations in the coal...

SA union plans strike after coal talks deadlock

More than 150 000 coal miners belonging to South Africa's powerful National Union of Mineworkers may go on strike after wage negotiations with representatives of the country's Chamber of Mines “reached a stalemate”, the union said late on...

Coal miners offer workers 4.2% to 4.5% wage increase

South African coal-mining companies have offered their lowest paid workers a 4.5% wage increase and all other employees a 4.2% pay rise, Chamber of Mines (CoM) negotiator Dr Frans Barker said on Tuesday. The offer, which is in line with South...

NUM rejects 4% gold sector pay offer

The National Union of Mineworkers (NUM) said on Monday that the Chamber of Mines (CoM) had offered employees in the gold sector a 4% wage increase. The union is demanding a 14% wage hike from the CoM, which represents AngloGold Ashanti, Gold...

R2,1bn Sentula-Shanduka deal to create midtier coal miner

Sentula Mining and Shanduka Resources have entered into a strategic merger agreement, through which Shanduka will control 51,9% of the new group for a total consideration of nearly R2,1-billion. The companies on Thursday reported the proposed...

M&A on way in Joburg, gold deal flow in Toronto – Nedbank Capital

Merger and acquisition (M&A) transacting is back with large M&A deals poised to be concluded in South Africa and gold-related deal flow being experienced by Nedbank Capital's office in Toronto, the bank's mining and resources unit informs Mining...

Commissioning according to planned schedule

The Goedgevonden coal mine, in Mpumalanga province, is being commissioned according to the planned schedule and is progressing well, says diversified mining company African Rainbow Minerals (ARM) Coal operations executive Peter Steenkamp.

Two mineworkers killed in separate SA accidents

South African miner Gold Fields on Friday confirmed that a worker had died at its Driefontein mine, in Carletonville. Gold Fields spokesperson Julian Gwillim said that the worker was killed in a tramming accident. He added that operations were...

Shareholder foresees long-term relationship with DRA

Investment company Shanduka Resources is confident that it will maintain its long-term commitment and 25,1% share in project house DRA Mineral Projects.

Transnet reopens one coal line to RBCT after derailment

State-owned Transnet Freight Rail (TFR) has re-opened one line on the coal line and expected the re-opening of the second line to follow later on Thursday. This came after 55 wagons of a train headed to Richards Bay Coal Terminal (RBCT) derailed,...