Media Room

NUM members end underground sit-in at Chinese mine in NW after five days

The National Union of Mineworkers (NUM) confirmed on Wednesday night that all mineworkers who staged a sit-in underground at the Chinese African Precious Metal Company (CAPM) in Orkney, in the North West since last weekend, have resurfaced from underground after their salary demands were met.  At least 69 NUM members staged an underground sit-in at No.

Barrick bids for rest of Acacia as Tanzania refuses direct settlement

Toronto-headquartered Barrick Gold has presented a proposal to its London-listed subsidiary Acacia Mining to buy the rest of the shares in the miner that it does not already own for $285-million.

The share-for-share exchange of 0.153 Barrick shares for each ordinary share of Acacia implies a value of $787-million for the Tanzania-focused miner.