Somkhele

The Supreme Court of Appeal has ruled in favour of Tendele Mining’s Somkhele mine, allowing it to continue operations.

Tendele Coal Mining, a subsidiary of JSE-listed multi-commodity mining company Petmin, has successfully concluded wage negotiations with the majority unions at its Somkhele anthracite mine in Kwa-Zulu Natal. A two-year wage agreement, effective from 1 July...

Petmin today announced a R350 million broad-based black economic empowerment (BBBEE) deal which sees a 20% stake in its Somkhele anthracite mine being acquired by its employees and the local community. JSE-listed Petmin’s shareholding in...