Africa Top Stories

South Africa’s platinum mining firms, top union end ‘titanic battle’ as they seal wage deal

The deal comes as a relief to the sector, where…

Blue diamond found by struggling Petra sold for $14.9 million

The 20-carat blue, gem quality stone, was acquired by a…

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Institutional support for Rio Tinto offer is growing – Riversdale CEO

Institutional shareholders in Riversdale Mining are moving toward backing global miner Rio Tinto's sweetened A$3.9 billion takeover offer for the Mozambique-focused coal miner, Riversdale's chief executive said on Thursday. Rio Tinto raised its offer to A$16.50 a share on Thursday in a final bid to woo key shareholders who have held up the deal, and extended the offer for a third time, to April 1.

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Miners in South Africa could face lawsuits from workers

The Constitutional Court in South Africa has kicked open the door to class-action lawsuits against mine owners. The lawsuits could cost miners billions of rand after the court ruled yesterday that mineworkers who had been laid off because of occupational diseases can sue their employers, Business Day reported: The court handed down judgment in the matter of Thembekile Mankayi, who had sued AngloGold Ashanti for damages of R2.6m. Mr Mankayi passed away last Friday of lung disease.

SA’s state-owned mining company launched

South Africa's president, Jacob Zuma, on Saturday officially launched a state-owned mining company under which he said all state interests in mining would be consolidated