Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.
This week:
A salary of R12 500 would force the closure of Impala’s Rustenburg mine.
Ex-miners take steps to access R6-billion in unpaid benefits.
And, eased exchange control opens the way for mining investment.
Impala Platinum CEO Terence Goodlace said implementing the R12 500-a-month minimum basic wage demand of the Association of Mineworkers and Construction Union would be “catastrophic” and leave the company with no alternative but to close the entire Impala Rustenburg.
Implats CEO Terence Goodlace
Steps are being taken to facilitate the release of R6-billion worth of financial benefits that remain undisbursed to close on 500 000 former migrant mineworkers.
Southern Africa Trust deputy executive director Dr Bheki Moyo
The easing of South Africa’s exchange control has opened the way for both local and foreign companies to make greater use of the Johannesburg Stock Exchange to raise capital for both local and international mining investments.
Webber Wentzel partner Manus Booysen
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