2017

In a massive boost for the Norther Cape town of Aggeneys and communities in the surrounding area, Black Mountain Mining this weekend announced the establishment of a seven-year employee share ownership plan.


Black Mountain Mining on Friday announced the establishment of a seven-year employee share ownership plan, the terms of which have been reached through consultation between mine management and the National Union of Mineworkers (NUM).


Black Mountain Mining is operated by Vedanta Zinc International. The employee share ownership plan (ESOP) will be overseen by a trust, known as the Voorspoed Trust, comprising three union-appointed trustees, one Black Mountain Mining representative trustee and an independent trustee.


Black Mountain Mining on Friday announced the establishment of a seven-year employee share ownership plan, the terms of which have been reached through consultation between mine management and the National Union of Mineworkers (NUM).


Black Mountain Mining on Friday announced the establishment of a seven-year employee share ownership plan, the terms of which have been reached through consultation between mine management and the National Union of Mineworkers (NUM).


It said the employee share ownership plan would be overseen by the Voorspoed Trust. Black Mountain Mining on Friday announced the establishment of a seven-year employee share ownership plan, the terms of which have been reached through consultation between mine management and the National Union of Mineworkers (NUM).


The Indian miner has enjoyed a smooth entry into the country and is even eyeing a potential merger between Anglo American and one of its subsidiaries, Hindustan Zinc


Tom Alabanese, CEO of diversified mining company Vedanta, speaks to Alishia Seckam at the Mining Indaba about the recovery in commodity prices over the past year and whether there’s more room for improvement.


Vedanta executive chairman, Anil Agarwal, hasn’t entirely given up the notion of combining his group’s Hindustan Zinc with Anglo American which he said today was “a transaction that needs to be digested”.


Vedanta Zinc International (VZI)’s Gamsberg project in the Northern Cape is now entering the main construction phase with the recent appointment of the EPCM contractor for the processing plant and related infrastructure and the bulk mining contractor.