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Nelendhre Moodley

New Africa Mining Fund to launch second, 'broader' fund next year

3rd August 2007 Developed primarily to assist black economic empowerment (BEE) groups in establishing junior mining projects, the New Africa Mining Fund anticipates launching a follow-up fund in the new year, its CE said on Wednesday. 

Industrial chemicals workers agree to 8% pay hike

27th July 2007 A wage agreement by trade union Solidarity and the South African Chemical Workers Union (SACWU), and employers in in the industrial chemicals sector, on Friday averted a possible strike, the unions said. 

Stefanutti & Bressan raises R465m ahead of listing

27th July 2007 Engineering and construction group Stefanutti & Bressan (S&B), which plans to list on the JSE on August 3, said on Friday that its private placement had been substantially oversubscribed. 

Exploration may yield significant output growth at new First Uranium shaft

27th July 2007 Canadian uranium and gold resource company First Uranium on Friday announced that recent underground and surface drilling targets could lead to a significant increase in uranium and gold production from a new 250 000 t/m shaft at the Ezulwini mine located some 40 km south-west of Johannesburg in... 

Shaft Sinkers achieves 1m fatality-free shifts

27th July 2007 Mining contractor Shaft Sinkers on Friday announced that it had achieved one-million fatality-free shifts on July 23 - for the third time since 2001. 

Empowered chemicals firm targets 30% efficiency improvement

27th July 2007 South African chemical company Safripol expects to increase efficiency in the short term by some 25% to 30%, with "small investments" to decrease bottlenecking and improve technology, Safripol CE Joaquin Schoch said on Thursday afternoon.  

No date set for talks to end tyre sector strike - union

26th July 2007 A date for the next meeting in the wage dispute between tyre industry employers and workers has not been scheduled, after wage negotiations deadlocked this week.  

Canadian explorer agrees to buy stake in Tanzanian uranium prospect

26th July 2007 TSX-V-listed junior miner Atomic Minerals (Atomic) on Thursday announced that it had signed a letter of intent with Geo Can Resources to enter into an option agreement to acquire up to a 90% interest in a land package totalling some 2800 km2 located in Tanzania. 

Workers in the glass manufacturing sector threaten strike

26th July 2007 Following a wage negotiation deadlock between workers in the glass sector and employers on Tuesday, a strike certificate was issued to employers in the glass sector of the chemical industry on Wednesday afternoon. 

Minister, unions visit AngloGold Ashanti mine on safety concerns

25th July 2007 Most of AngloGold Ashanti's Moab Khotsong mine, near Orkney, has been reopened following a seismic event, which led to two fatalities over the weekend. On Wednesday, a delegation consisting of the Minister of Minerals and Energy Buyelwa Sonjica, AngloGold Ashanti South African CE Neville... 

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