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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   11/06/2015
 
Petmin in Somkhele BEE deal
 
Petmin announced a R350 million Broad-Based Black Economic Empowerment (BBBEE) deal with community and employees for 20% stake in Somkhele anthracite mine. This is subject to shareholder approval,

Tendele Coal Mining Proprietary Limited (Tendele) is the owner of the Somkhele anthracite mine in KwaZulu-Natal, with annual production of approximately 1,2 million tonnes of anthracite and 350 000 tonnes of energy coal from rewashed discard. Tendele is currently 100% owned by Petmin.

A member of the Traditional Council of the Mpukunyoni community will be a permanent trustee and at least 50% of the trustees will be independent. The trustees will be required to spend the money received by the trust on programmes that support and facilitate education and training, and that will make a lasting difference to the community’s children and youth.


 
 
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