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Stock Market & Financial Investment News

News Breaks
January 9, 2013
08:32 EDTTROXSouth African court rejects attempt to stop work at Tronox Fairbreeze mine
Tronox announced that the Durban High Court "dismissed with costs" an application filed by the Mtunzini Conservancy for an injunction to halt early-phase construction at the company's Fairbreeze mine project in northern KwaZulu-Natal, South Africa. The point of law under inspection by the court related to whether the Fairbreeze mine had lawfully commenced mining related operations in light of provisions contained in the Town Planning Ordinance 27 of 1949. As a result of the judgment, Tronox continues with early-phase construction of the Fairbreeze mine. This phase entails site establishment of the platforms for the primary wet plant site as well as temporary and permanent access roads. Tronox must still obtain its Water Use License before ramping up to full-scale construction and mine operation.
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June 14, 2013
10:39 EDTTROXTronox announces labor agreement with South African unions
Tronox announced that it has reached collective bargaining agreements with the National Union of Mineworkers and Solidarity, the two largest unions representing employees working at the company's Mineral Sands division two mining operations and ore processing plants in Namakwa and KwaZulu-Natal, South Africa. The one-year agreement is effective July 1. It covers all bargaining unit union-represented employees working in Tronox's mineral sands operations in Namakwa, on the west coast of South Africa, and in KwaZula-Natal, on the country's east coast.
June 13, 2013
14:10 EDTTROXGovernment rejects appeals to halt Tronox Fairbreeze mine
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