Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMc Mining Regulatory News (MCM)

Share Price Information for Mc Mining (MCM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 7.50
Bid: 7.00
Ask: 8.00
Change: 0.00 (0.00%)
Spread: 1.00 (14.286%)
Open: 7.50
High: 7.50
Low: 7.50
Prev. Close: 7.50
MCM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Strike action at Mooiplaats

25 Sep 2012 11:12

RNS Number : 0871N
Coal of Africa Limited
25 September 2012
 



 

 

 

ANNOUNCEMENT  25 September 2012

 

strike action at Mooiplaats

 

Coal of Africa Limited ("the Company" or "CoAL") confirms that the National Union of Mineworkers (NUM) has embarked on protected strike action at the Company's Mooiplaats Colliery, near Ermelo, in Mpumalanga province, with effect from this morning Tuesday, 25 September 2012. The strike action is in relation to annual wage negotiations.

 

The Company proposed a fair wage and benefit offer which amounted to an increase of 22% (all inclusive). This offer was not accepted by the workers. The NUM then applied for and was awarded a certificate to embark on a legal strike subject to the provision of 48 hours' notice to the Company on 18 September 2012.

CoAL immediately countered this through a Section 150 application to the Council for Conciliation, Mediation and Arbitration tofacilitate a discussion between management and the union to resolve negotiations without the need for strike action. Unfortunately the mediation process was not successful and resulted in the workers proceeding with strike action today. Consequently the operations at the colliery have stopped. CoAL confirms that it will apply the no work no pay rule in relation to this strike.

Mooiplaats directly employs 368 people of which 176 are NUM members. The operation produces 6,000 run of mine tonnes per day.

We will advise of any material developments regarding the strike situation.

Authorised by

JOHN WALLINGTON

Chief Executive Officer

  

 

For more information contact

John Wallington

Chief Executive Officer

Coal of Africa

+27 11 575 4363

Wayne Koonin

Financial Director

Coal of Africa

+27 11 575 4363

Sakhile Ndlovu

Investor Relations

Coal of Africa

+27 11 575 6858

Jos Simson/Emily Fenton

Financial PR

(United Kingdom)

Tavistock

+44 20 7920 3150

Chris Sim/Neil Elliot

Nominated Adviser

Investec Bank plc

+44 20 7597 5970

Robert Smith

JSE Sponsor

Investec Bank Limited

+27 11 286 7000

Charmane Russell/Jane Kamau

Financial PR

(South Africa)

Russell & Associates

+27 11 880 3924 or

+27 82 372 5816

 

 

About CoAL:

 

CoAL is an AIM/ASX/JSE-listed coal exploration, development and mining company operating in South Africa. CoAL's key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project, including CoAL's Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both thermal coal).

The Mooiplaats Colliery commenced production in 2008 and is currently ramping up to produce 1.6Mtpa. Mooiplaats produces thermal coal for Eskom and other domestic users, and for export. In FY 2011 the colliery produced more than 990 000t of saleable coal, mostly for export. 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBELFLLKFBBBK
Date   Source Headline
6th Mar 20159:30 amRNSAppendix 3B
25th Feb 20154:40 pmRNSSecond Price Monitoring Extn
25th Feb 20154:35 pmRNSPrice Monitoring Extension
13th Feb 20157:00 amRNSDirectorate Change
30th Jan 20157:00 amRNSAppendix 5B
30th Jan 20157:00 amRNSQuarterly Report ended 31 December 2014
27th Jan 20158:17 amRNSEnvironmental Authorisation granted for Vele
20th Jan 20157:06 amRNSHolding(s) in Company
12th Jan 20153:23 pmRNSHolding(s) in Company
31st Dec 20149:10 amRNSHolding(s) in Company
22nd Dec 201410:00 amRNSHolding(s) in Company
19th Dec 201410:00 amRNSCompletion of Share Placement
17th Dec 20147:00 amRNSCapital Raising Update
17th Dec 20147:00 amRNSMooiplaats Disposal
15th Dec 20144:40 pmRNSSecond Price Monitoring Extn
15th Dec 20144:35 pmRNSPrice Monitoring Extension
12th Dec 20147:00 amRNSDirectorate Change
28th Nov 20141:00 pmRNSResult of AGM
27th Nov 20147:00 amRNSHolding(s) in Company
21st Nov 20147:00 amRNSHolding(s) in Company
20th Nov 20143:46 pmRNSReduction in Capital and Scheme becomes effective
20th Nov 20147:30 amRNSSuspension - Motivcom plc
20th Nov 20147:00 amRNSHolding(s) in Company
20th Nov 20147:00 amRNSHolding(s) in Company
20th Nov 20147:00 amRNSSuspension of trading on AIM of Motivcom Shares
18th Nov 20144:40 pmRNSSecond Price Monitoring Extn
18th Nov 20144:35 pmRNSPrice Monitoring Extension
18th Nov 20141:20 pmRNSCourt sanction of scheme of arrangement
17th Nov 20147:00 amRNSDirector Share Purchases
17th Nov 20147:00 amRNSHolding(s) in Company
17th Nov 20147:00 amRNSHolding(s) in Company
13th Nov 20147:00 amRNSStage 1 Equity Raise Cash Flow Received
11th Nov 20149:09 amRNSIssue of Equity
11th Nov 20149:08 amRNSAppendix 3B
6th Nov 20147:00 amRNSCorporate Update
31st Oct 20144:18 pmRNSResults of Court Meeting and General Meeting
31st Oct 20149:51 amRNSUpdated Rule 2.10 Announcement
27th Oct 20147:00 amRNSDespatch of Annual Report and Notice of AGM
23rd Oct 20147:00 amRNSReport for the Quarter Ended 30 September 2014
23rd Oct 20147:00 amRNSAppendix 5B
22nd Oct 20149:59 amRNSExercise of options and issue of shares
3rd Oct 20148:57 amRNSForm 8 (OPD) Offeree Amendment
1st Oct 201410:46 amRNSForm 8.5 (EPT/RI)
1st Oct 20149:18 amRNSPublication and posting of Scheme Document
30th Sep 20145:23 pmRNSForm 8.3 - Motivcom PLC
30th Sep 20142:06 pmRNSDirector Share Purchase
30th Sep 201411:44 amRNSForm 8.5 (EPT/RI)
30th Sep 20147:00 amRNSAudited Annual Consolidated Financial Statements
30th Sep 20147:00 amRNSFull Year Results for Period Ended 30 June 2014
29th Sep 20147:00 amRNSInterim results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.