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Fasken Martineau News

Gold miners’ silicosis case could open floodgate for litigation in other sectors

1st July 2016 The certification of class action status to current and former gold mineworkers suffering from silicosis and tuberculosis against more than 30 historic and current gold mining companies in South Africa potentially opens the door for similar litigation across several sectors, including those of... 

Eldorado announces $600m exit from China by selling remaining assets

16th May 2016 Having sold its 82% interest in the Jinfeng mine to China National Gold Group for $300-million in cash late last month, Eldorado Gold on Monday announced the sale of its remaining two mines and one development project for $600-million, signalling the Canadian miner’s exit from China.... 

Draft Mining Charter under intense legal scrutiny

10th May 2016 The possible far-reaching implications for the mining industry of the new draft Mining Charter came under intense scrutiny in Johannesburg on Tuesday when a team of lawyers discussed the various changes contained in the draft and focused in particular on its attempt to align the mining industry –... 

Eldorado to sell Chinese mine

29th April 2016 Having previously Eldorado stated that it was mulling the sale of its Chinese assets, dual-listed Eldorado Gold this week announced that it would sell its 82% interest in the Jinfeng mine to China National Gold Group, for $300-million in cash. China National Gold had been the company’s minority... 
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Chamber notes Gordhan’s bemoaning of Section 54 stoppages

The Chamber of Mines of South Africa has described Finance Minister Pravin Gordhan as having done an effective job of maintaining fiscal discipline with a budget deficit of 3.1% in these most trying of times. The chamber comments that the 2017/18 Budget demonstrates the truism that sustaining and... 

Continued support for renewables IPPs an economic boost – Sarec

The South African Renewable Energy Council (Sarec) has welcomed the confirmation by Finance Minister Pravin Gordhan that the continuation of South Africa’s independent power producer (IPP) programme was imperative, given the need to boost investment in the short term. In a statement following... 
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