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Creamer Media Reporter

ConCourt rules in favour of gold producers over 2013 wage agreement extension

21st February 2017 The Constitutional Court ruling in favour of the gold producers this week brings “final certainty” on the nature of an extended 2013 wage agreement. The ruling, relating to a June 2014 Labour Court order that upheld an interim order preventing the Association of Mineworkers and Construction Union... 

Rock-drill operator dies at Lonmin’s K3 shaft

21st February 2017 An investigation is under way after a rock-drill operator died and two other employees were injured in an incident at dual-listed Lonmin’s K3 shaft on Friday. Lonmin on Tuesday said a preliminary investigation indicated that the incident was possibly the result of the rock-drill operator drilling... 

Certainty on Carbon Tax needed from this year’s Budget – Cova

20th February 2017 With expectations of the long-awaited Carbon Tax being implemented in 2018, much more clarity and certainty will be needed from the 2017 Budget, which will be delivered by Finance Minister Pravin Gordhan on Wednesday. Currently, much uncertainty exists, with industry questioning policy certainty,... 

Blue Label expects higher H1 earnings

17th February 2017 JSE-listed Blue Label expects to report a surge in earnings bolstered in part by 58.18%-owned subsidiary Oxigen Services India’s fair value gains of R150-million in the six months ended November 30, 2016. Earnings a share are expected to increase by 54% to 58% to between 80.79c and 82.89c for the... 

Xtract inks collaboration deal with Nexus

13th February 2017 Aim-listed Xtract Resources has signed a collaboration agreement with private Hong Kong-registered Nexus Capital for the exploitation of alluvial gold deposits at the Manica gold project, in Mozambique. The agreement is the result of an internal review by Xtract of its alluvial contract, and... 

Rye Patch delivers gold into hedge

11th February 2017 Junior miner Rye Patch Gold has delivered 3 409 oz of gold into its hedged position at an average price of $1 275.13/oz and sold 4 804 oz of silver at $17.51/oz for gross revenue of $4.43-million. TheTSX-V-listed company also, in mid-January, received $1.2-million from its Rochester mine net... 

Atlatsa reports fatality at Bokoni

10th February 2017 Dual-listed Atlatsa Resources has been issued a Section 54 notice after a fatality at its Bokoni platinum mine’s Middelpunt Hill shaft section. A Department of Mineral Resources (DMR) investigation is under way following a fall-of-ground incident at the shaft that claimed the life of a team... 

Hammond takes the lead in managing 287 MW renewable-energy portfolio

8th February 2017 Ryan Hammond has been appointed CEO of Cookhouse Windfarm, Umoya Energy Windfarm and REISA Solar PV, a renewable-energy portfolio totaling 287 MW.  He takes on the responsibility of managing the facilities’ operations, finance and community operations, with effect from February 1. 

Africa Mining Vision initiative gaining traction one year on

8th February 2017 A policy dialogue at the 2017 Mining Indaba heard strong endorsements from public and private sector speakers for the Africa Mining Vision (AMV) Private Sector Compact. The AMV Compact was launched at last year’s Mining Indaba, where it won early support from the Mining Industry Association of... 

MTN shares fall on expectation of full-year loss

8th February 2017 Telecommunications group MTN’s share price on the JSE fell by more than 6% on Wednesday morning after it announced it expects to report a headline loss a share and basic loss a share for the year ended December 31, as a result of a fine imposed on its MTN Nigeria business. The Nigerian... 

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