The sale of the Mooiplaats Colliery is the final step in Coal of Africa's balance sheet restructuring strategy, setting the course for the company to become a self-sufficient mid-tier coal mining company, CEO David Brown said on Monday. Mooiplaats, which has been on care and maintenance since 2013, is being sold to a consortium of investors for an aggregate purchase price of R179.9-million.
[img:Glencorex_0.jpg| ]Johannesburg, South Africa --- 03 June 2013 - Glencore Xstrata plc, the world's fourth-biggest mining company, says it has fired about 1,000 workers who participated in an unauthorised strike at three of its South African chrome mines. "All dismissed employees have the right to appeal and the deadline to do so is tomorrow," company spokesman Christopher Tsatsawane ...