Podcasts about lonmin

Political parties in South Africa used the 12th anniversary of the Marikana massacre to reflect on the tragedy which left 34 striking miners dead in the North West. On 16 August 2012, 34 striking miners died when police opened fire at the Lonmin platinum mine, near Rustenburg, North West and to date no compensation has been granted for the those who were fataly wounded and their families of those who passed. Kim Heller, a political analyst and author of ‘No White Lies: Black Politics and White Power in South Africa', wrote an interesting article titled “The Marikana Massacre 12 years later remains a breach of South Africa's democracy”.See omnystudio.com/listener for privacy information.

Die prokureur-generaal in die Departement van Justisie, Fhedzisani Pandelani, bevestig 352-miljoen Suid-Afrikaanse rand is uitbetaal aan gesinne wat geraak is deur die Marikana-slagting. Die jongste inligting kom op die 12de herdenking van die tragedie waar 34 mense dood en 78 beseer is by die Lonmin-myn naby Rustenburg in Noordwes. Pandelani bevestig ook die regering se verbintenis om alle regstappe en uitbetalings wat voortspruit uit die dodelike loonstaking, af te handel.

Seventeen Lonmin Marikana mine workers accused of murder have managed to put their trial on ice for now. This follows a ruling by the North West High Court sitting in the Mogwase Reginal Court to remove their murder trial from the roll -- pending a review application in the Pretoria High Court to have charges against them dropped. They are charged with seven counts of murder, four of malicious damage to property, four of robbery, three for unlawful possession of firearms, and three for unlawful possession of ammunition. The murders were committed at the time AMCU was leading a strike for higher wages at the Lonmin platinum mine. Sebenzile Nkambule spoke to AMCU leader Joseph Matunjwa... 

Jason Jessup, President and CEO of Magna Mining (TSX.V: NICU), joins us for a comprehensive introduction to the Shakespeare Project and Denison/Crean Hill Project, the exploration and development strategy at both, and the ultimate pathway towards production in Sudbury.     We start off by looking at how the recently announced acquisition from Lonmin of the Denison project, will complement the 7 year mine life and 11.8 million tonnes of reserves already at the permitted and Feasibility Study stage at the Shakespeare project.  Jason sees Denison/Crean Hill as augmenting the production profile, with ore being able to be trucked to the planned processing center at Shakespeare using a hub and spoke strategy.     Next, we review the recently announced 31 million tonnes of nickel-copper-platinum-palladium resources at Denison, and review both the underground and open pit components.  Lonmin did 90,000 meters of historic drilling, exploring for the higher-grade platinum and palladium, but they weren't as focused on the nickel-copper mineralization at the contact zone, and this is another opportunity for the exploration team to focus on moving forward.  The current plan is 2,000 meters of drilling for met testing and confirmation, as the Company works towards a Preliminary Economic Assessment for early Q2 of 2023, which will demonstrate the economics of the Denison/Crean Hill resources, and where the balance is for both underground and open pit extraction.   The discussion shifts back to reviewing the recent Feasibilty Study and key metrics put out at the Shakespeare Project, and Jason mentions the ongoing exploration success they've been having expanding the geometry and resources at the project, and that there is plenty of room for growth.  We also have Jason outline the optionality for putting Shakespeare into production, with the possibility of starting with toll-mining with Glencore of Vale, as they construct their own plant, and the confidence in acquiring the capex needed to build the project.   We wrap up with a discussion of the management team, and board of directors experience already having worked successfully together in the past with FNX, having put 3 mines into production and sold their company to majors for $1.5 billion.   If you have questions for Jason regarding Magna Mining, then please email us either Fleck@kereport.com or Shad@kereport.com.

Magnia Mining CEO Jason Jessup joined Steve Darling from Proactive to share details the company has been given conditional approval from the TSX Venture Exchange to proceed with the proposed acquisition of Lonmin Canada and specifically the Denison project in Ontario. Jessup telling Proactive the completion of this deal is expected to sometime in October. #magnamininginc #tsxv #nicu #mining

Magna Mining CEO, Jason Jessup, joins the podcast today for his corporate comments on the back of news that they are to acquire Lonmin Canada, which includes the Denison Project and the past producing Crean Hill Ni-Cu-PGE mine. The aggregate purchase price for the outstanding shares of Loncan is equal to $16,000,000, comprised of a closing payment of $13,000,000 in cash and a deferred payment of $3,000,000, payable pro rata to the Vendors.

Amnestie Internasionaal Suid-Afrika sê net sowat 544 van die 2 000 huise wat aan inwoners van Marikana in Noordwes beloof is, is gebou. 'n Veldtog-koördineer van die organisasie, Sibusiso Khasa, sê die myn-maatskappy, Lonmin, het steeds nie sy belofte nagekom om die huise te bou soos deur die Farlam-kommissie aanbeveel is nie. Die ondersoek het bevind die onderneming het versuim om te voldoen aan die Maatskaplike Arbeidsplan vir behuising in die myngebied, wat tien jaar gelede die oorsaak was van die onrus en dodelike bloedbad:

Magna Mining CEO Jason Jessup joined Steve Darling from Proactive to share news the company has announced a definitive share purchase agreement to acquire Lonmin Canada. Jessup telling Proactive this deal includes the Denison Project and the past producing Crean Hill Ni-Cu-PGE mine. The company has also announced they are raising 20 million dollars to fund the purchase and support ongoing exploration and development activities.

As we reflect on one of the darkest days of our country's history we are reminded about the courage and resolve of the Lonmin mine workers who were massacred 10 years ago.

After acquiring platinum producer Lonmin's operations in 2019, diversified miner Sibanye-Stillwater continues to contribute to reparations for those community members who were affected by the violent wage-related protests near the then-Lonmin-operated Marikana platinum group metals (PGMs) mine between August 14 and September 18, 2012, which claimed the lives of 40 miners, two police officers and two Lonmin security guards. Since 2019, Sibanye has been actively engaging with various stakeholders in Marikana to “create a new legacy through healing and hope in collaboration with all shareholders”, in an effort to bridge the divide between the area's mining operations and the people who live there. This led to the establishment of the Marikana Renewal programme, which was launched in 2020 by Archbishop Thabo Makgoba. The heart of the Marikana Renewal programme is what has been called the Letsema Process – Letsema is a Setswana word that means “voluntarily working together”. Social facilitation organisation ReimagineSA has been contracted to facilitate engagement and drive the Letsama Process. MEMORIAL PARK The Marikana Renewal programme held its first pitso – a traditional Sotho gathering – in May, which was attended by 94 family members of the deceased, during which it was emphasised that the lives those striking miners who were killed in the conflict were “honoured” by engaging their families to help co-create a path toward constructing a memorial park. The memorial park, which Sibanye group manager properties for South Africa PGMs Fritz Jooste said was still in the conceptual stages, will be situated in between the two koppies where the majority of the deaths occurred on August 16, 2012, when hundreds of strikers armed with knobkerries, pangas and guns stormed police lines and were shot down after non-lethal riot control methods failed. Speaking to members of the media on July 14 on the site where the violence erupted ten years ago, Jooste said the memorial park was being conceived as possibly an amphitheatre, with walkways, indigenous landscaping and a remembrance monument erected in honour of the 44 people who lost their lives in the clash. “We would like for people to visit the area. Previously, Lonmin's proposal was to almost commercialise it, which we don't think is appropriate,” Jooste said. He explained that the reason the memorial park has taken so long to erect is partly because Covid-19 broke out shortly after Sibanye acquired Lonmin's assets, partly because negotiations with the Bapo Ba Mogale landowners had to be concluded, and partly because multi-stakeholder engagement had to be achieved. With the first pitso now concluded, and two more scheduled for the remainder of this year, Jooste said Sibanye was planning for the implementation of the memorial to begin next year. SUPPORT TO THE BEREAVED In 2014, 23 widows and 21 family members accepted offers of employment by Lonmin, most of whom Sibanye continues to employ. Closure counselling also continues to be offered to widows and their beneficiaries. Meanwhile, Sibanye continues to offer legal support for the widows and families of the miners killed who have not received any compensation from the State, by engaging with the relevant authorities with a view to pursuing compensation. Sibanye is also building houses for the bereaved, comprised of housing requested by some of the widows during a meeting with Sibanye CEO Neal Froneman in 2019. As such, Sibanye committed to providing 16 houses to widows who had not received any of the 34 houses built by a trust fund set up by the Association of Mineworkers and Construction Union in 2016. Sibanye managed to build eight of those houses before Covid-19 resulted in delays to the programme, Jooste said. Eight houses are currently being built in locations that were selected by widows, including in the Eastern Cape, Mpumalanga, North West, the Northern Cape and Lesotho. Of the eight houses that have been built, seven have been r...

A debate that's never been settled- and perhaps never will- is whether or not president Cyril Ramaphosa is liable for the deaths of 34 mineworkers in August 2012.He was a director of Lonmin, the mining company the workers worked for. In a series of emails with other leaders of the company, Ramaphosa described the mineworkers strike action as "dastardly criminal" and he promised to convey that sentiment to the security cluster within government so that "concomitant action" could be taken.A court found that there is no evidence in these Lonmin emails of Ramaphosa being liable for murderous action, either directly intentionally so or in terms of foreseeing the murder of the workers.But, as News24 specialist legal reporter Karyn Maughan points out ( https://www.news24.com/news24/southafrica/news/ramaphosa-has-case-to-answer-on-marikana-collusion-but-not-on-murder-of-miners-court-rules-20220705-2 ) this leaves open the question of whether, in terms of legal causation, the president may yet be liable for pressuring the police brass in a manner that resulted in the miners'deaths, setting the scene for them using excessive, lethal force. I invited Karyn to explain, explore and debate this particular complexity.We also asked a crucial non-legal question- even if Mr Ramaphosa is legally not liable in any way for the Marikana massacre, does he bear any other kind of responsibility, morally or politically? After all, legal questions do not exhaust range of questions about responsibility. Enjoy

President Cyril Ramaphosa's spokesperson, Vincent Magwenya has dismissed reports of the President being personally liable for the Marikana tragedy as false and misleading. He was reacting to media reports that President Ramaphosa may be held liable for the 2012 Lonmin mine strike where police gunned down and killed striking workers. This after Judge Frits van Oosten on Friday found that Ramaphosa had taken part in, planned, and endorsed the cooperation between the Lonmin mine in Marikana and the police, which had culminated in the deaths, injuries, arrests, and detention of the striking miners. For more on this, Elvis Presslin spoke to Andries Nkome, Attorney for the injured and arrested mineworkers.

Refilwe Moloto speaks to attorney Andries Nkome who is representing hundreds of families of the victims of the Marikana massacre in a civil suit, after a Johannesburg High Court found that a case can be made that he “participated in, masterminded and championed the toxic collusion” between mining company Lonmin and SAPS that led to the deaths of 44 miners. See omnystudio.com/listener for privacy information.

Prof Levy Ndou, politics and public policy lecturer at the Tshwane University of Technology, speaks to Refilwe Moloto about the latest storm President Cyril Ramaphosa has to weather, after the Johannesburg High Court found that a case can be made that he “participated in, masterminded and championed the toxic collusion” between mining company Lonmin and SAPS that led to the Marikana massacre. This in a civil suit being brought against the president. See omnystudio.com/listener for privacy information.

The first tons have been hoisted at Marikana K4, Sibanye-Stillwater's high-return resumed platinum group metals (PGMs) project, which was largely predeveloped and equipped when acquired from the now defunct Lonmin in 2019. “The K4 project is an unrivalled, top-tier project in the PGMs industry, which will deliver significant value and benefits for all stakeholders for many years,” Sibanye-Stillwater CEO Neal Froneman stated in a release to Mining Weekly. Johannesburg- and New York-listed Sibanye-Stillwater is investing R4-billion in the project, which, in addition to creating more than 4 000 direct jobs over its 50-year life, is generating local business opportunities and providing valuable economic development and skills transfer for communities. K4 this month become the sixth shaft within the large Marikana PGMs mining complex, which is situated on the western limb of the Bushveld Complex, 40 km east of the town of Rustenburg, in South Africa's North West province. As a whole, Marikana has four element (4E) PGM mineral reserves of 22.3-million ounces and 4E PGM mineral resources of 128-million ounces, estimates that include tailings. K4 will access both the Merensky and upper group two (UG2) reefs to average 250 000 oz/y at steady state, with its main shaft extending down 1 332 m and its vertical shaft to a depth of 1 078 m. Associated surface infrastructure is largely in place, with only minor refurbishments required and K4's concentrator plant is fully operational, at a nameplate capacity of 130 000 t of Merensky and UG2 reef a month. K4 joins operations such as K3, Rowland, Saffy, 4Belt, and E3. Conventional up-dip down-dip mining, together with limited breast mining, is the predominant method of mining employed. The ore mined at the Marikana operation is processed through on-site concentrators with a combined milling capacity of 600 000 t a month. The concentrate produced is dispatched to the smelter where a sulphide-rich matte is produced for further processing at the Base Metal Refinery (BMR). At the BMR, base metals (nickel and copper) are removed and the resulting PGMs-rich residue is subsequently sent to Sibanye-Stillwater's Precious Metal Refinery (PMR) in Brakpan, on the East Rand, for final treatment. PMR produces the final precious metal products. Sibanye-Stillwater's Southern African PGM operations consist of three managed PGMs-producing underground operations – Marikana, Rustenburg and Kroondal – as well as an opencast operation at Kroondal and all related surface treatment facilities in South Africa. In addition, the PGMs segment has a 50% attributable in the Mimosa mine, a non-managed, underground operation in Zimbabwe. The Rustenburg operations are serviced by four concentrators and the Kroondal operations by two concentrators. Apart from the primary mining operations, the group has several tailings retreatment operations. Exploration assets include Akanani, which is located on the Northern Limb of the Bushveld Igneous Complex, near the town of Mokopane, the Limpopo exploration project, situated 50 km southeast of Mokopane, and the Blue Ridge Platinum exploration project, a 50% attributable joint venture.

Lawyers representing the families of the Marikana Massacre have asked Judge Colin Lamont to recuse himself from the class suit because he is conflicted. Judge Lamont who is presiding over the lawsuit, was found to actually own shares worth R225-thousand in Sibanye Stillwater, the new owners after Lonmin. Advocate Dali Mpofu, says he has learnt this morning that the judge sold his shares. At least 34 mineworkers were killed during the Marikana Massacre in August 2012 and several others were seriously injured. They were demanding a salary of R12,500 and improved living conditions.

Nine years down the line and there's still no accountability for the lives of thirty four people killed by police on the 16th of August 2012 and ten who lost their lives prior to the shocking incident in Marikana in the North West Province. Some political parties are still putting the blame on President Cyril Ramaphosa's door step, who was at the time a shareholder of Lonmin but the Farlam commission found the accusations him were groundless. Recently, former national police commissioner, Riah Phiyega  lost a court bid to set aside the findings of the Marikana Commission

Die verhoor van die voormalige adjunk-polisiekommissaris in Noordwes en vyf ander beamptes in verband met die Marikana-slagting in Augustus 2012 is aan die gang in die Hooggeregshof in die provinsie. Generaal Mzondase Mpembe en sy medebeskuldigdes staan tereg op vyf aanklagte van moord, poging tot moord, dwarsboming van die gereg en oortreding van die Kommissiewet nadat hulle vermoedelik vals inligting aan die Marikana-kommissie van ondersoek verskaf het. Die NVG-woordvoerder, Henry Mamothame, sê die saak het ontstaan nadat vyf mense gesterf het tydens 'n staking deur Lonmin-mynwerkers:

A witness broke down in tears at the North West High Court, when relating the incidents that led to the death of his police colleagues, three days before the 2012 Marikana massacre. Abraham Masinya, who was a video operator for the Public Order Police Unit related to the court, the incidents that led to the hacking of his colleagues Sello Lepaku and Tsietsi Monene. They were hacked with pangas and spears. Three mine workers were also killed in those squabbles that broke out between police and striking Lonmin employees near the mine's Karee Shaft.

South Africa is the largest producer of platinum in the world. It is home to more than 80% of the global reserves. Three main players in the production of platinum resource are Anglo American Platinum, Lonmin (acquired by Sibanye-Stillwater in June 2019) and Impala Platinum.

The Association of Mineworkers and Construction Union (AMCU) says the notice of intention to de-register the union is an onslaught to its efforts for social justice and economic emancipation. This follows the announcement by government which described the union as not being genuine under the Labour Ralations Act. AMCU boasts over 200-thousand members within both the gold and platinum mines which are operated by amongst others Sibanye-Stillwater and Lonmin.

Nadir Thokan from Invesment Analyst with 27-Four-Investments looks at Lonmin's results, the impact of stronger than expected Chinese growth on the global economy and why the IMF cut South Africa's growth forecast for 2018.

Five years since the infamous Marikana killings, a bitter taste of loss still lingers among those who remain. Thousands of mineworkers and political leaders gathered at the infamous Koppie in Marikana in the North West, to honour the 34 Lonmin mineworkers who were tragically were killed on the 16 August 2012. With no arrests and no compensation in sight for surviving families, it seems justice remains a fallacy. Patrick Dintwa reports ..

The two organisations that were at the center of the Marikana tragedy say enough measures have been put in place to ensure that the tragedy never happens again. Lonmin CEO Ben Magara and Amcu President Joseph Mathunjwa were speaking at an event to reflect on the Marikana Massacre which happened at the company 5 years ago. The event was at the weekend by the union, together with a Johannesburg business publication, as AMCU prepares to mark the 5th annivesary of the massacre this week. Tshepo Mongoai reports…

Deputy president Cyril Ramaphosa has apologised for his role in the Marikana massacre, saying that it was never his intention to have 34 miners killed. Addressing students at Rhodes University in Grahamstown, the deputy president said his role at Lonmin was to prevent further killings. Tsepiso Makwetla spoke to Advocate Andries Nkome, who represents the injured and arrested Marikana mine workers

Deputy president Cyril Ramaphosa has apologised for the way in which the Marikana shootings unfolded, but has denied any involvement in the killing of 34 Lonmin miners almost five years ago. Addressing students at Rhodes University in Grahamstown, Ramaphosa said his role at Lonmin was to prevent further killings.He later addressed an ANC Cadres' Forum in Joza, also in Grahamstown. Mcebisi Ngqsina reports

Parliament's Police Portfolio Committee, says they wants to see an urgent conclusion of the matter of suspended National Police Commissioner Riah Phiyega. This follows Phiyega's decision to challenge the findings of the Claasen Inquiry. The Claasen report found her unfit to hold office. Phiyega was suspended in 2015. The move followed her actions during the Marikana tragedy in 2012 in which 34 mineworkers were killed during a protracted strike at Lonmin mine.For reaction Elvis Presslin spoke to Francois Beukman Chairperson of Police Committee...

The Association of Mine workers and Construction Union has secured a wage increment of one thousand rand for its members in all major platinum producing mines in the country. Lonmin, Impala and Anglo Platinum have struck a deal with Amcu, on increases in living out allowances, as well as retirement and provident funds, among others. The Union said this at the mass meeting held at Royal Bafokeng Stadium in Rustenburg, North West. AMCU members have accepted the deal and say this will better their lives. Zebilon Maine reports . .

The team looks at Lonmin's failure to provide basic housing and the negotiations on state compensation. They then sit down with author Luke Sinwell and discuss his book, The Spirit of the Marikana Massacre.

Residents of the Marikana mining town near Rustenburg in North West say little has been done to better living conditions in the area. It is here were exactly four years ago 34 mineworkers were killed during a confrontation with police. Thousands of mineworkers at Lonmin had embarked on an unprotected industrial action, demanding a monthly salary of 12-thousand 500 rand. Ten more people including mine security and police officers were killed on the days preceding the August 16 tragedy. Aphiwe Honono and Krivani Pillay compiled this report...

The latest Amnesty international report suggests that Lonmin platinum mine has failed to deliver adequate housing for its workforce in Marikana, in the North West. Today marks exactly four years since 34 mineworkers were killed by the police in Marikana during a strike where workers were demanding a basic monthly salary of 12-thousand 500 Rand. Ten other people including security guards and police officers were killed before August the 16th 2012.

Lawyers representing 38 Marikana protesters will launch a civil lawsuit against the state, for what they termed the unlawful detention of their clients. The 38 accused appeared in the Rustenburg Magistrate's Court in the North West for public violence on Monday. The group was protesting at Wonderkop in Marikana, demanding employment from local mining companies, including Lonmin. An IEC voting station was torched and a bus belonging to Lonmin was also set alight during the protests. Lucas Mothibedi compiled this report...

Confusion remains regarding who the rightful beneficiaries of the newly-built RDP Houses in Marikana West, outside Rustenburg in the North West, are. Mining giant, Lonmin, has for the first time revealed details regarding an agreement between the Rustenburg municipality and community leaders. Currently, the houses have been illegally and forcefully occupied by residents, including mine-workers. Lonmin says no mine-worker can qualify for an RDP house. Our reporter Lucas Mothibedi reports from Marikana...

IEC in the North West, is on high-alert, following the torching of one of its voting stations in Wonderkop in Marikana. The Commission says, it is monitoring all areas, considered to be political hot-spots ahead of next weeks' polls. Make-shifts voting stations, in a form of tents and other alternatives, will be sent to those areas. Protesting residents in Wonderkop, torched a local hall, earmarked to be used as a voting station - saying the local mining giants, Lonmin is deliberately overlooking them, in its employment of workers. A bus belonging to the company was also set alight. Lucas Mothibedi reports......

Rustenburg in the North West was established in 1851, and the Afrikaans name translates into "resting place". But the town knows no rest these days, as every major political party wants to govern it. The Rustenburg Local Municipality is home to 626-thousand people. It is one of the country's mining hubs and one of the tourist attractions in the platinum province. It has grown over the years, to become not only the producer of agricultural products, but also the world's key platinum producing town. Three of the world's major platinum producers, Amplats, Impala and Lonmin have mines here. The council has a budget of three point three billion rand, but it is plagued by irregular expenditure. Almost all the political parties are criss-crossing the Rustenburg Local Municipality, drumming up support before the August 3 Local Government Elections. Itumeleng Kgajane tells us about the election fever in Rustenburg

Much anticipated board of inquiry into the fitness of suspended national police commissioner General Riah Phiyega to hold office will kick off in Pretoria today. The inquiry chaired by retired judge Cornelius Claasen was established by President Jacob Zuma as per the recommendations of the Farlam commission which investigated the killing of 44 people during labour unrests at Lonmin's platinum mine in Marikana, North West in 2012. The inquiry will investigate among others whether Phiyega misled the commission by withholding some information related to the police's operations. Phumzile Mlangeni reports

Grathel Motau, Chartered Accountant and Development Economist looks at the SARS and Finance Minister war which continues, Lonmin announced fewer retrenchment than originally anticipated and Clover is to exit the Nigerian market citing the unavailability of foreign currency as one of the key reasons

Lonmin shareholders have thrown the company a lifeline after approving the over 400 million dollar rights issue, to keep the company afloat and strengthen its balance sheet. This comes after the worlds-third largest platinum producer offered the shareholders 27 billion hugely discounted shares to raise the money. The company which faced a five-month strike last year, high input costs and crumbling platinum prices is now in the process of cutting about six thousand jobs as part of its plan to remain operational. Dimakatso Leshoro reports

Lonmin shareholders are expected to meet and vote next week, just days after the company announced a massive discount in the shares issued. The embattled company has struggled to stay afloat following the Marikana shootings and protracted platinum strike. Its share price has also been under pressure due to weak demand, high input costs and tumbling commodity prices. Dimakatso Leshoro reports

Simon Shares Lonmin (JSE code: LON) a disaster of a storey. Back in July 2008 Xstrata offered GBP33 a share valuing he company at around R100billion at the time. It was rejected as under valuing the company. Stock has traded over R600 in 2007, now under 200c and a massive (seriously massive) rights issue at 21.4c. This national drought is getting very real with all sorts of implications for local companies, and none of them good. Bryan Rudd CIO Anchor Capital MaurtriusAstoria is being listed by Anchor Capital and will invest in a portfolio of global equities and private equity businesses. 60% equity 20% niche 20% alternative and private equity fund. USD based and traded on the JSE. We Get Mail Several people asking Am I buying Lonmin? Several people asking Am I buying MTN? Manro (via twitter) What price will SA investors get on JSE for SABMiller (JSE code: SAB) after the £44 offer from AB Inbev? How much of that is cash? Do I hold or sell? ====== Subscriber to our feed here or sign up for email alerts as a new show goes live or subscribe in iTunes. JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

1 Asian stocks fluctuated, with the regional benchmark index trading near the lowest since mid-October, as investors awaited a spate of Chinese data for clues on the extent of the slowdown in the world's second-largest economy 2. Tencent Holdings Ltd. rose in Hong Kong trading after the Internet company posted record third-quarter profit, despite declining economic data on Singles Day 3. Under the hood of South Korea's jobs report Wednesday is a youth unemployment rate so stubbornly high that the government is helping young job seekers look overseas for work, What can we learn? 4. Lonmin blow out as investor dump the share before results

1. Most Asian Stocks Rise as Investors Await U.S. Employment Report 2. The Lonmin challenge, is it time to give in? 3. AGOA the struggle to impress the U.S or failure to be proactive 4. The weeks top stories wrap (MTN and The Weak Rand)

1. The JSE suspended the MTN shares yesterday, before resuming trade after management issued further public communication. The crisis is far from over. 2. Lonmin, the 3rd largest platinum producer in the world announced it will impair about $2billion of its assets. What will be the impact of this on the company? 3. National Treasury releases the Carbon Tax bill. What will be the impact of this on the struggling SA economy?

The Democratic Alliance has welcomed President Jacob Zuma's decision to suspend National Police Commissioner Riah Phiyega. Phiyega has been suspended with immediate effect, pending a board of inquiry into her fitness to hold office. The inquiry was instituted following the recommendation of the Marikana Commission that probed the deaths of 44 people during the strike at the Lonmin platinum mine in 2012. DA spokesperson Zakhele Mbele says the DA has long called for the President to act against Phiyega...

The EFF in Parliament says it will make sure that National Assembly Speaker Baleka Mbete informs Lonmin mine that the Assembly says the mining company is "corrupt to the core". This comes after the EFF successfully presented a motion without notice in the house last week, and without any objection from any political party in the House. But the ANC wants an investigation on how the motion slipped through. Our Parliamentary Correspondent Mercedes Besent reports

As we mark the third anniversary of the Marikana killings at Lonmin mine in Rustenburg in the North West, a religious leader who tried to broker a deal between striking miners and Lonmin bosses in 2012 can vividly recall the nightmare that unfolded on the week leading up to that fateful day. Bishop Jo Seoka's attempts to resolve the Marikana protests failed. He heard the fatal shootings while on a telephone call to a miner. More than a year later he testified at the Marikana Commission of Inquiry. As we commemorate the 3rd anniversary of the Marikana Massacre, the SABC's Sithakazelo Dlamini, caught up with Bishop Seoka at a church service in Pretoria and filed this report…

National Union of mineworkers, NUM, says it is shocked by Lonmin's plans to close some of its shafts. This will result to 6 000 jobs losses in the mining industry. Sakina Kamwendo speaks to NUM's Chief Negotiator at Lonmin, Erick Gcilitshana.

The National Union of mineworkers (NUM) says it is shocked by Lonmin's plans to close some of its shafts. This will result in 6 000 jobs losses in the mining industry. Sakina Kamwendo spoke to NUM's Chief Negotiator at Lonmin, Erick Gcilitshana

Lonmin is set to shed six-thousand jobs, including contractors, as it's planning to close or mothball several mine shafts in South Africa. The platinum producer is reported to have told a union in a letter that four-thousand-500 members of the Lonmin workforce could be laid off. The union hasn't been named. Lonmin shares on the London Stock Exchange have fallen by more than seven percent to an all time low after the news. Lonmin and other platinum miners have been hit by rising costs and a plunge in platinum prices to a six-and-half year low.

Lonmin is set to shed six-thousand jobs, including contractors, as it's planning to close or mothball several mine shafts in South Africa. The platinum producer is reported to have told a union in a letter that four-thousand-500 members of the Lonmin workforce could be laid off. The union hasn't been named. Lonmin shares on the London Stock Exchange have fallen by more than seven percent to an all time low after the news. Lonmin and other platinum miners have been hit by rising costs and a plunge in platinum prices to a six-and-half year low.

Today, the EFF will be going to the Marikana police station in the North West, to lay criminal charges against Cyril Ramaphosa, Nathi Mthethwa, Rhia Phiyega, Zukiswa Mbombo, and Lonmin for the deaths of 44 people, mainly miners, in Marikana in 2012. Sakina Kamwendo spoke to the spokesperson for the EFF, Mbuyiseni Ndlozi

Sakina Kamwendo spoke to NUM chief negotiator Eric Gcilitshana

The Association of Mine and Constructionworkers Union, AMCU, has agreed to the decision by largest platinum producer Lonmin, to cut about three and a half thousand jobs at its mines in South Africa. Company spokesperson Sue Vey, says that the decision was taken in consultation with the majority union, and the decision is in an attempt to withstand low platinum prices.

A bitter court battle is looming against the world's third largest platinum producer, Lonmin Platinum Mine and the Bapo Ba Mogale Traditional Council over a R600 million rand equity deal closed in December 2014. This comes after Chairperson of a local Community Based Organisation, Kholisile Dingiswayo announced plans to approach the North West High Court, through the University of Western Cape's Legal Resources Centre to have the 2.6% equity deal between the traditional council and Lonmin reviewed

The Context of White Supremacy welcomes Lukhona Mnguni live from South Afrika. Mr. Mnguni was recommended by one of our listeners on the southern end of the continent. Mr. Mnguni is a student at the University of KwaZulu-Natal - where he's close to completing a Bachelor of Community and Development Studies. Mr. Mnguni has written a host of articles on politics and Race in his native South Africa and injustice world wide [http://www.news24.com/user/Lukhona]. We'll hear his views on the 2012 Lonmin mining strikes - where more then 40 black people were killed. We'll also discuss his recent essay addressing sexual abuse of women. We look forward to hearing an Afrikan perspective on Pres. Obama and details on the conduct of White people in the South Eastern hemisphere. #TheCOWS4Years INVEST in The COWS – http://paypal.me/TheCOWS Cash App: https://cash.app/$TheCOWS CALL IN NUMBER: 605.313.5164 CODE: 564943#

It has become known as the 'Marikana massacre', when 34 people were killed as police in South Africa opened fire on striking miners. For many it had echoes of Sharpeville in 1960, one of the defining events which opened the world's eyes to the consequences of apartheid. For Frans Baleni, General Secretary of the National Union of Mineworkers, Marikana is a challenge - not just to his union - but to the whole post-apartheid political system in which the NUM has been a key player. Eighteen years after black South Africans won legal equality, is the violence evidence that the system has failed all but a tiny political elite?(Image: Hundreds of people attend a memorial service for the people killed in a wildcat strike at Lonmin's Marikana mine. Credit: STEPHANE DE SAKUTIN/AFP/GettyImages)

Die politieke ontleder Theo Venter praat oor Julius Malema se optrede by die Lonmin-myn op Marikana.