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Kumba Iron Ore to shed 3 933 jobs at Sishen amid workforce reduction process

Kumba Iron Ore announced on Thursday that it has commenced a workforce retrenchment consultation process at its Sishen iron ore mine, in the Northern Cape. The consultation process, in terms of Section 189 and 189A...

De Beers places Snap Lake mine in Canada on care and maintenance

The De Beers Group of Companies will place its Snap Lake mine on care and maintenance following a review of the mine’s operation, particularly in light of current market conditions. Work to suspend production at...

Lonmin looks to raise $400M in rights issue as part of new business strategy

Lonmin is looking to raise approximately US$400 million in gross proceeds through a rights issue as part of its broad business plan to achieve positive cash flow after capital expenditure in the low PGM pricing...