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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Petmin | LSE:PTMN | London | Ordinary Share | ZAE000076014 | ORD ZAR0.25 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 11.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
TIDMPTMN
RNS Number : 1456P
Petmin Limited
27 September 2013
PETMIN LIMITED
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code JSE: PET & ISIN: ZAE000076014
Share Code AIM: PTMN
("Petmin" or the "Company")
27 September 2013
INDUSTRIAL ACTION CONTINUES AT SOMKHELE ANTHRACITE MINE
Shareholders are advised that industrial action has continued at the Somkhele anthracite mine in KwaZulu-Natal.
Approximately 100 workers employed on Somkhele's three wash plants by mine operator Tendele Coal Mining (Tendele) have been on strike for ten days, following failure to achieve a settlement in negotiations over wages and employee benefits.
On Thursday 26 September, about 320 workers employed by Tendele's mining joint venture also began industrial action.
For the past ten days, mining has continued at Somkhele and contingency plans have enabled the operation of the wash plants and shipment of product to domestic and export customers.
Mining operations and operation of the wash plants were suspended on Thursday 26 September and will resume on Monday 30 September. Deliveries of product from stockpiles will continue over the weekend.
Police are monitoring the situation at Somkhele. Tendele management has been granted a court interdict to ensure industrial action is conducted in a legal manner.
Management is negotiating with labour representatives and hopes to resolve the industrial action with a settlement acceptable to all parties.
Management has urged all workers and the wider community to recognise the impact and benefits of the Somkhele mine, and to ensure that strike action is conducted in a peaceful manner.
Updates on the industrial action at Somkhele will be released on the Securities Exchange News Service and to the Regulatory News Service.
Enquiries:
Petmin
Bradley Doig
+27 11 706 1644
Media
Jonathon Rees
+27 76 185 1827
Sponsor and Corporate Advisor (JSE)
River Group
Andrew Lianos
+27 834 408 365
Nominated Adviser and Broker (AIM)
Macquarie Capital (Europe) Limited
Steve Baldwin, Nicholas Harland
+44 20 3037 2000
Johannesburg
27 September 2013
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUBOOROSAKUAR
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