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Stock Market & Financial Investment News

News Breaks
February 3, 2014
08:05 EDTATLAtlatsa announces completion of group restructure plan
The final phase of the restructure plan was effected on January 31, 2014 between Atlatsa and Anglo American Platinum's wholly owned subsidiary, Rustenberg Platinum Mines, including the subscription by Anglo American Platinum for 125M new shares in Atlatsa for an aggregate subscription price of ZAR 750M. The proceeds from the subscription have been utilized by Atlatsa to further reduce its outstanding debt to Anglo American Platinum and, consequently, reduce its cost of borrowing.
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August 20, 2014
08:02 EDTATLAtlatsa announces wage agreement with labor union bodies at Bokoni mine
Atlatsa announced that Bokoni Platinum Mines has reached a two-year wage agreement with its recognised labour union bodies, the National Union of Mineworkers, Togetherness Amalgamated Workers Union of South Africa and United Association of South Africa in relation to their respective members employed at the Bokoni Mine. The agreement is effective from July 1 until June 30 2016, and will be applied to all employees within the respective bargaining and operational units at Bokoni Mine.

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