HOT TOPICS
ARTICLES RELATING TO AMPLATS

Amplats gets R4.5bn offer for Bokoni stake

2014-12-17 15:41

Anglo American Platinum, the world's top platinum miner, has received a R4.5bn offer for its 49% stake in the Bokoni mine, says the source.

Mineworkers want R8 500p/m minimum

2014-11-26 17:03
79 comments

The minimum wage for mineworkers must be R8 500 a month, the National Assembly's labour committee has heard.

Lonmin results dominated by strike impact

2014-11-10 13:36

The five-month strike in the platinum sector has caused a loss of 391 000 saleable ounces over the last financial year, mining company Lonmin reports.

Marikana strike haunts SA economy

2014-10-24 17:49

The economy is struggling to shake off the shock of the Marikana strike, the longest in its history, and will only manage growth of 1.4% this year.

Two deaths in third quarter - Amplats

2014-10-23 13:30

Anglo American Platinum has recorded two fatalities at its operations in the third quarter of 2014, the company says in its production report.

Labour strife drives mines mechanisation

2014-10-14 13:48

For decades, SA's platinum production has rested on men risking their lives, but three years of labour strife have set in motion a drive to replace them with machines.

In depressed platinum market, Amplats struggles

2014-10-01 19:07

Less than a year after ending an annual supply contract with its main buyer, Amplats is struggling to implement a new strategy of selling directly to end-users.

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
87 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.

 

Sibanye, Northam vying for Anglo's Union mine

2014-12-04 14:18

Precious metals mining firms Sibanye Gold and Northam Platinum are among a group of suitors interested in Anglo American Platinum's Union mine.

New body to boost platinum investment demand

2014-11-11 16:35

An industry body to promote investment demand for platinum should be set for launch early 2015 as producers try to boost sales in the face of falling prices.

Harmony may cut jobs as gold slumps

2014-11-05 10:43

Harmony Gold has reported a further quarterly loss and suggested it might have to cut jobs as it contends with a depressed gold price and operational problems.

Amplats operations shake off strike blues

2014-10-24 12:47

Anglo American Platinum has resumed full production a month earlier than scheduled as operations bounced back from a five-month strike.

SA could declare minerals as strategic

2014-10-14 17:55

Mineral Resources Minister Ngoako Ramatlhodi says the mineral bill paves the way to declare certain minerals such as coal and iron ore as strategic for the country.

SA to improve distressed mining towns

2014-10-09 20:22

Planning Minister in the Presidency Jeff Radebe says R2.1bn has been designated to improve housing and living conditions in poor mining communities.

Amplats shares down as director quits

2014-09-29 18:57

Shares of Anglo American Platinum has fallen after the company's financial director Bongani Nqwababa resigned to take the same role at Sasol.

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
82 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.

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