ARTICLES RELATING TO AMPLATS

Implats reviewing options to restore profits

2014-08-28 09:54

Impala Platinum has posted a drop in earnings after most of its SA operations had been hit by a wage strike and it is reviewing options to restore profits.

Jobs bloodbath: Lonmin, unions in the dark

2014-08-26 07:00

Lonmin boss Ben Magara has denied reports of plans to slash the workforce and close shafts, while trade unions say they are not aware of any lay-offs.

Unions will not buy Amplats mines

2014-08-21 07:00

Mining unions Amcu and NUM say they have no plans to buy two mines Amplats is selling off as it seeks to focus on more profitable, mechanised operations.

Gold mine reboot shows challenge facing platinum

2014-08-15 09:03

The experience of Harmony Gold provides a warning for investors and metals traders banking on SA's platinum sector making a swift recovery from the strike.

Northam Platinum set to snap up new mines

2014-08-14 15:43

Northam Platinum is looking at buying mines in the strike-hit industry after it made a full-year loss because of a protracted strike.

World first: Fuel cells light up SA town

2014-08-06 05:00

A community in the Free State is the first in the world to be powered by fuel cell mini-grid technology, which is a cheaper alternative to grid electrification.

Amplats sale not linked to strike - Amcu

2014-08-05 15:47

Amcu says Anglo American Platinum's plan to sell its mines was a long time coming and not related to its wage strike, adding that there is no need to panic.

Jim: Wage offer a victory

2014-07-29 05:00

Numsa general secretary Irvin Jim says the settlement accepted by its nearly 200 000 members is a huge victory given the pittance offered at point of deadlock.

Lonmin mulls Amplats mine buy-out

2014-07-25 13:30

Lonmin is considering buying out the rest of its joint venture in the Pandora mine, one of the operations Anglo American Platinum has put up for sale.

BHP, Anglo seek to sell joint assets

2014-07-24 09:14

BHP Billiton and Anglo American are looking to sell their jointly owned manganese assets portfolio, according to a report.

Plan to sell Amplats mines shocks union

2014-07-22 11:45
89 comments

The Workers' Association Union has warned that plans by Amplats to sell off mines will have a devastating effect on workers in the wake of the five-month strike.

Amplats mines on market after profit fall

2014-07-21 12:10

The dominant feature of the first half, was the strike during which 40% of Amplats production was not in operation, says CEO Chris Griffith

Amplats' output drops by 40%

2014-07-17 15:10

The five-month-long strike in the platinum sector led to a 40% decrease in production at Anglo American Platinum in the second quarter, the company says.

Ramatlhodi not concerned about Amplats rumours

2014-07-16 06:15

Mineral Resources Minister Ngoako Ramatlhodi does not see any "serious repercussions" if Anglo American Platinum sells some of its assets.

Marula strike over, says NUM

2014-07-08 10:04

The National Union of Mineworkers has ended an unprotected strike Impala Platinum's Marula mine in Limpopo.

JSE stocks up, resources under pressure

2014-06-30 17:59

Shares on the JSE rose even though resources came under pressure as Anglo American Platinum said it was reviewing options for its Rustenburg operations.

Mining communities set for big changes

2014-06-27 20:47

A special committee will be tasked with strengthening co-operation between the government, communities and the industry in the North West, says the premier.

Mining interest cloud over Ramatlhodi

2014-06-27 12:23

Mining Minister Ngoako Ramatlhodi has resigned from all mining interests, says his spokesperson following a report that he holds a R20m stake in a BEE partner of Amplats.

No work, no pay for returning strikers

2014-06-25 11:40

Returning mineworkers will receive back pay from the effective agreement dates until the day before the strike started, with food parcels for Amplats miners.

Miners back at work as more labour strife looms

2014-06-25 08:00

Thousands of strikers have returned to Lonmin and Anglo American Platinum mines, but more industrial action looms as unions retain their economic stranglehold.

Economy set to face more labour strife

2014-06-25 05:00

Platinum miners will return to work after a bruising strike, but there is little sense of relief among investors because more industrial action is looming.

Battle for R12 500 not over, says Mathunjwa

2014-06-24 19:01
115 comments

No platinum worker will earn less than R8 000 as a basic salary, says Amcu president Joseph Mathunjwa, adding that the union would continue the fight for R12 500.

Concerns about aftermath of platinum strike

2014-06-24 17:43

The resolution of the five-month strike in the platinum mining sector has been welcomed, but there have been concerns its effects would not disappear soon.

Zuma: Thank you for efforts to end strike

2014-06-24 16:11

President Jacob Zuma has welcomed the conclusion of the strike by platinum mineworkers and thanked everyone involved in the negotiations.

Amcu members sing outside Lonmin offices

2014-06-24 14:31

Amcu members have been singing outside Lonmin's offices, where the signing of an agreement to end the five-month platinum mining strike is to take place.

 

Lonmin dismisses job cut reports

2014-08-26 17:42

Lonmin says its immediate focus is to achieve a safe ramp-up of production in order to rebuild the business and restore profitability.

Lonmin to cut up to 5 700 jobs - sources

2014-08-25 18:52
93 comments

Lonmin aims to cut around 21% of its workforce and close up to 11 shafts, as part of a drive to restore profits after a protracted wage strike, sources say.

Implats warns of sharp fall in profits

2014-08-15 16:36

Impala Platinum has issued a stark profit warning, saying full year earnings would fall by up to 75%.

Slog back bodes ill for platinum trio

2014-08-15 06:00

The experience of Harmony Gold provides a warning for investors and traders banking on the platinum sector making a swift recovery from the crippling five-month strike.

Sibiya: Mining industry vibrant and thriving

2014-08-08 14:58

Chamber of Mines chief executive Bheki Sibiya says the mining industry is the backbone of the economy, adding that people need mineral products.

Zim-Russia plans $1.6bn platinum investment

2014-08-05 19:29

A Zimbabwe-Russia joint venture company plans to invest $1.6bn in developing a platinum mine and constructing a smelter and refinery in Zimbabwe.

ANC prefers local buyer for Amplats mines

2014-07-29 22:00

The ANC would like a local company to buy mines being sold by Anglo American Platinum, but says it will not try to influence the deal.

Strike weighs on Lonmin production

2014-07-25 15:00

Lonmin's third quarter production has been severely affected by a five-month strike, the platinum mines' unaudited production results show.

Lonmin to hit 80% of normal output soon

2014-07-25 13:30

Platinum producer Lonmin will lift production to 80% of normal levels by the end of its financial year in September as it recovers from a five-month strike.

Labour Wrap: No use blaming workers

2014-07-24 07:15

In his latest Labour Wrap, Terry Bell takes on Amplats and admits he was conservative in his estimate of the economic difficulties faced by low-income families.

Amplats mines 'not in fire sale'

2014-07-21 14:27

If Anglo American Platinum does not get the right price for the mines it wants to sell, it would consider listing them as a separate company, says its CEO.

NUM opposes Amplats mines sale

2014-07-21 10:55

The National Union of Mineworkers says plans by Anglo American Platinum to sell some of its mines will result in job losses, which is punishment for poor workers.

Strike-hit Anglo ups iron ore, copper output

2014-07-17 09:25

Miner Anglo American, smarting from a 5-month strike at its platinum operations, reported higher iron ore and copper output for the first half of the year.

Strike hits earnings hard, warns Amplats

2014-07-14 09:04

Anglo American Platinum is expecting a significant drop in earnings for the first half of the year after a five-month strike crippled its operations.

Wildcat strike at Implats mine continues

2014-07-07 09:30

Impala Platinum says workers are continuing with a wildcat strike over wages at its Marula mine.

Amplats says reviewing Rustenburg assets

2014-06-30 10:29

Anglo American Platinum, which has been hit hard by a crippling five-month strike that ended last week, says it is reviewing options for its Rustenburg operations.

Strike could cost Amplats R11bn in losses

2014-06-26 06:00

Anglo Platinum CEO Chris Griffith says the mine could end up losing R11bn due to the strike and expects it will take about two weeks to resume significant output.

Mines up and running again in a few weeks

2014-06-25 10:03

Returning mineworkers will have to undergo medicals and retraining before they resume their jobs, with full operations expected to resume in a few weeks.

ANC wants prosperous platinum sector

2014-06-25 06:00

The African National Congress has called on labour and mining companies to work together to restore stability and prosperity to the platinum industry.

Nene: Business, govt must work together

2014-06-24 19:40

The private sector and government must work together to stimulate the economy, which needed to be more competitive, says Finance Minister Nhlanhla Nene.

JSE edges lower as platinum shares fall

2014-06-24 18:08

South African stocks have fallen for the second straight session, with platinum mining shares giving up some of the previous day's gains.

Platinum agreement stops hardships: Magara

2014-06-24 17:19

The end to the platinum strike has brought a stop to the hardships that the economy has suffered in the last few months, says Lonmin CEO Ben Magara.

Amcu, platinum firms sign mine deal

2014-06-24 15:20

The Association of Mineworkers and Construction Union and platinum firms have signed a settlement agreement following a crippling five-month wage strike.

Strike deal averts 'catastrophe' - premier

2014-06-24 09:32
89 comments

The economy has already suffered but Amcu's strike deal averts what could have become a "human catastrophe", says North West premier Supra Mahumapelo.

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