Archive | March, 2009

Safety Files – A Contentious Issue

Posted on 07 March 2009

When you look at the Health and Safety statistics of any organisation, you will probably find that contractors are responsible for the majority of incidents recorded in a year.
The problem in general is that the emerging contractor knows very little about Health and Safety. This lack of knowledge leads to incidents because the proper steps [...]

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Vale Inco announces cuts

Posted on 04 March 2009

TORONTO, March 3, 2009 – Vale Inco Limited today announced a further restructuring of its global operations in response to ongoing challenges in the world nickel market.
The restructuring will see the elimination of approximately 900 full-time positions in the nickel business distributed across the Company’s operations worldwide. The workforce reductions focused in large part on [...]

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Changes at Xstrata

Posted on 04 March 2009

Peter Hooley has been invited to join the Xstrata plc Board as an independent non-executive director and will be proposed by the Board for election by shareholders at the annual general meeting on 5 May 2009.  Mr Hooley has agreed to act as an independent external consultant to the Board with effect from 2 March [...]

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Moodys downgrades New Reclamation Group

Posted on 04 March 2009

Johannesburg, March 03, 2009 — Moody’s Investors Service has today downgraded The New Reclamation Group (Pty) Ltd’s (“Reclam”) Corporate Family Rating (CFR) and Probability of Default Rating to Caa1 from B3.
Moody’s also lowered the rating on the EUR 253m Senior Secured Notes due 2013 to Caa1 from B3. The outlook on all ratings remains negative.
The [...]

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