ARTICLES RELATING TO LONMIN

AMCU's Mathunjwa: Government to blame for Sibanye job cuts

2019-09-26 21:30

AMCU president Joseph Mathunjwa said the union opposed the Sibanye-Lonmin merger with no support from government, adding that the government could not claim to be dismayed by job cuts that it failed to prevent.

'Marikana commission can't be blamed for fact that there were no prosecutions' - Judge Farlam

2019-08-16 12:28

Marikana Commission of Inquiry chairperson Judge Ian Farlam is of the view that the commission cannot be blamed for the lack of prosecutions following the shootings seven years ago, which saw 34 people killed by police.

Disconnect between business and state contributed to Marikana massacre

2019-08-15 17:38

The Marikana massacre, in which 34 striking mineworkers were shot dead by police, was in part sparked by Lonmin's failure to build the 5 500 houses it promised workers, says Ralph Hamann.

Public Investment Corp faces dilemma over backing Lonmin deal

2019-05-23 07:42

The state-owned asset manager 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.

Court dismisses AMCU's job loss appeal on Sibanye-Lonmin merger

2019-05-17 15:46

Judge Dennis Davis on Friday dismissed an appeal by the Association of Mineworkers and Construction Union (AMCU) who wanted an aproval by the Competition Tribunal for a merger between mining companies Sibanye-Stillwater and Lonmin set aside.

Lonmin CEO still backs Sibanye offer even as profit rebounds

2019-05-10 14:43

While some analysts have questioned the value of Sibanye’s offer, Lonmin Chief Executive Officer Ben Magara continues to recommend it, saying the rebound in earnings isn’t sufficient to resolve the company’s long-term challenges.

AMCU faces deregistration by labour department

2019-04-24 18:39

The Labour Department has said it intends to deregister one of the country’s biggest mining unions, just weeks before crucial platinum-industry wage talks are expected to begin.

Sibanye share price drops nearly 14% after raising R1.7bn in share offer

2019-04-10 10:52

Sibanye-Stillwater announced that it raised approximately R1.7bn through the placing of more than 108 million shares on Tuesday.

AMCU slams Lonmin-Sibanye merger over 'magnitude' of job losses at Competition Appeal Court

2019-04-08 13:17

The Competition Appeal Court has heard that a merger between two mining companies would lead to substantial job losses, affecting the surrounding community.

'Unfathomable' that AMCU wants sympathy strikes - Minerals Council CEO

2019-02-22 12:20

Fifteen mining companies have received notices of secondary strike action from trade union AMCU, the Minerals Council said in a statement on Friday, adding the companies would do 'everything in their power' to avert the sympathy strikes.

 

Sibanye: Thousands of Marikana workers will be retrenched

2019-09-25 11:34

Sibanye Stillwater said approximately 5 270 jobs were expected to be lost due to the restructuring.

Seven years since Marikana massacre and still no justice, says rights institute

2019-08-16 08:46

South Africa marks seven years since the tragic mass shooting of 34 miners at Marikana, Rustenburg during a strike. Ten other people were also killed before that fateful day.

Sibanye is now the world's no. 1 platinum miner

2019-05-30 06:58

With the acquisition of Lonmin, Chief Executive Officer Neal Froneman has completed Sibanye’s transformation to a giant of SA's key platinum sector.

Lonmin plans to cut 4 100 workers as it closes platinum mines

2019-05-21 05:01

Lonmin plans to cut 4 100 workers at mines that have run out of profitable ore and are being closed.

Public Investment Corporation said to be concerned by Sibanye offer

2019-05-17 12:16

The Public Investment Corporation, whose 30% stake in Lonmin is enough to block the miner’s planned takeover by Sibanye Gold, is concerned that the value of the all-share deal has been eroded, according to a person familiar with the matter.

JSE weaker as global markets retreat

2019-04-25 18:23

The JSE closed weaker on Thursday on the back of broad-based weakness across most global equity indices.

Sibanye builds war chest amid risk of deepening labour conflict

2019-04-10 14:44

The upcoming wage talks will pit Sibanye Chief Executive Officer Neal Froneman against AMCU President Joseph Mathunjwa, who oversaw the longest ever strike in South Africa’s platinum industry in 2014.

Sibanye tackles balance sheet woes with cash placing of R1.8bn in new ordinary shares

2019-04-09 19:23

Sibanye-Stillwater is set to conduct a non pre-emptive cash placing of new ordinary shares, the miner announced on Tuesday evening.

UPDATE: AMCU to appeal Labour Court ruling on Lonmin strike

2019-03-15 15:47

Lonmin says the Labour Court has ruled that the planned secondary strike by workers affiliated to AMCU will be unprotected.

Lonmin gets strike notice from AMCU

2019-02-21 11:25

Platinum producer Lonmin says it has received a notice for a sympathy strike from the Association of Mineworkers and Construction Union (AMCU) in support of the ongoing stay away at Sibanye-Stillwater.

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