The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
Sentula Mining has identified assets that could be sold to recover some of the R383-million ($30-million) in civil damages being sought from a former director, the first significant progress in the case since the amount was awarded more than six years ago, according to a person familiar with the matter. It’s not yet clear how much of the money can be recouped, the person said, asking not to be identified as the information hasn’t been publicly announced. The shares have rallied 31% this month.
Local coal miner Scinta South Africa will buy diversified miner South32’s 400-million-tonne Davel mining right, in Mpumalanga, for R187-million. As part of the transaction, Scinta has also acquired the Ermelo Mines’ infrastructure, railway loop and discard dump. Certain historical liabilities related to the assets being acquired, have been assumed by Scinta as part of the agreed purchase price.
The National Union of Mineworkers (NUM) at Kimberley Ekapa Mining Joint Venture (KEM JV) said on Monday that it was “very concerned and disturbed” by the manner in which the mine management was allegedly treating the workers and victimising its leadership at the mine. This comes after a slew of allegations of racism, suspensions, and ill-treatment of union members by mine management.