Media Room

India eases auction rules to usher in commercial coal mining

To successfully break out of the more than four-decade-long nationalisation of the coal industry, the Indian government will ease rules for the auctioning of ten coal blocks. To open up commercial mining of coal to private miners, the government will neither be setting a minimum reserve price, nor will there be any net asset value of the coal blocks to be put up for bidding.

Exxaro, NUM wage agreement halts strike

Coal mining company Exxaro Coal and the National Union of Mineworkers (NUM) have reached a three-year wage agreement, which brings the current wage strike at its Grootegeluk and Leeuwpan mines to a conclusion.  “We are pleased that the parties were able to resolve the dispute speedily,” Exxaro executive head of strategy and stakeholder engagement Mzila Mthenjane told Mining Weekly Online in a m

NUM continues strike at Petra’s Finsch mine, to down tools at Koffiefontein after wage deadlock

The National Union of Mineworkers (NUM) has issued Petra Diamonds with a 48-hour notice for a planned, protected strike at the Koffiefontein mine, in Northern Cape. The union on Thursday said it would withdraw all members from the mine, starting on Saturday morning, until Petra accedes to the union's demands.