From the archives: Marikana – still no closure after 10 long years
It’s 10 years today since the Marikana Massacre took place, in which 34 mine workers were shot dead during a protest over improved wages.
It’s 10 years today since the Marikana Massacre took place, in which 34 mine workers were shot dead during a protest over improved wages.
Bullish as ever, Neal Froneman took centre stage in last night’s BPH, with the veteran executive excited about the future for Sibanye.
The rand fell on speculation that graft-tainted David Mabuza could be re-appointed as deputy president of South Africa after his swearing in.
Standard Bank said Lonmin investors should reject Sibanye Gold’s takeover offer as it undervalues the platinum miner’s assets by as much as R6.64bn.
The PIC faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner.
Record palladium prices and a weaker rand are lifting the gloom enveloping South Africa’s platinum industry.
Lonmin has proposed 12,459 job cuts at mines that will run out of commercial deposits in the next three years.
The Competition Commission says the proposed ÂŁ150m Sibanye-Lonmin deal could be approved if Sibanye demonstrates that it will try to save jobs.
Mohahu Daniel Maseko was shot dead, riddled with 5 bullets and comrade Kwenene was attacked by two (2) assassins.
Automation and tech can help boost SA’s gold production levels, especially as the country still has the third largest reserves in the world, say experts.