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NUM and Two Rivers mine sign employee share ownership plan

The National Union of Mineworkers (NUM) has signed an agreement with the African Rainbow Minerals (ARM) / Impala Platinum JV operation, Two Rivers mine to introduce an employee share ownership plan (ESOP). According to an...

Chamber of Mines: Capital/sustaining capital cuts detrimental to mining future

Chamber of Mines President Mike Teke believes that companies which reduce cost pressures by cutting back on capital and sustaining costs and restructuring is to the detriment of growth and sustaining mining employment in...

New Mozambique mining regulations for employees a potential burden

Mozambique – New Mozambique mining regulations for employees in the mining sector could “increase the risk of contract alteration and regulatory burden.” This is according to law firm ENSAfrica, which also notes that the new regulations...

Lonmin looks to cut workforce by 3 500 to reduce labour costs

Lonmin, one of South Africa's major PGM producers, is in consultations with unions and employees over efforts to reduce costs aimed at protecting the company and its employees against persistent low PGM prices. The company...

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