Media Room

Amcu slams Lonmin-Sibanye merger over 'magnitude' of job losses at Appeal Court

Thousands of jobs will be lost at Lonmin over a three-year period following its merger with Sibanye-Stillwater, the Association of Mineworkers and Construction Union has argued. The union has lodged an appeal before the Competition Appeal Court to set aside a 2018 decision by the Competition Tribunal approving the merger. 

Vast to dispose of Pickstone interest to open up core focus play

Aim-listed mining company Vast Resources has concluded a conditional sale contract for the proposed disposal, to Southern African Trade Finance (SATF), of its noncore 50.01% interest in Ronquil Enterprises - the holder of its Zimbabwe gold assets; and the remaining 25.01% economic interest in the Pickstone Peerless gold mine and associated assets, principally the Eureka gold mine.

Lynas seeks clarity on PM comments

ASX-listed Lynas on Monday said that it would seek clarification from the Malaysian government over comments made by Prime Minister Mahathir Bin Mohamad over the company’s continuation of operations.

Mohamad over the weekend noted that the Malaysian government had imposed an ‘extra condition’ on Lynas to remove waste, noting that the ‘waste’ could not go to Australia.

Maximus urges rejection of Kesli motion; sells Burbanks for A$5.8m

Junior gold company Maximus Resources has urged shareholders to vote against a motion by shareholder Kesli Chemicals to remove three of the company’s directors.

Kesli, which owns more than a 5% interest in Maximus, in March issued the gold miner with a notice demanding a general meeting to consider replacing three of the company’s directors with its own nominees.