ARTICLES RELATING TO PLATINUM

NUM regaining members in platinum belt

2014-04-10 11:01

NUM says it is winning back members on the platinum belt from rival Amcu and is poised to regain recognition status at one of Anglo American Platinum's mines.

Mineworkers buying food on credit

2014-04-04 21:00
82 comments

As a strike in the platinum mining sector rumbles on, people are finding it difficult to put food on the table.

Implats considers mechanisation option

2014-03-28 09:02
122 comments

Mechanisation could be more efficient, improve safety, have a more profitable lifespan and cost less than labour-intensive mining, says Impala Platinum.

Hope on Motlanthe to rekindle platinum talks

2014-03-24 16:15

Deputy president Kgalema Motlanthe will meet with the mining industry and unions for a regularly scheduled forum aimed at bringing stability to the sector.

Wesizwe Platinum cautions shareholders

2014-03-13 13:50

Wesizwe Platinum expects to report a basic loss per share attributable to ordinary shareholders for the year ended December 31 2013.

Platinum strike cripples Rustenburg

2014-03-04 12:26

A month-long wage strike at platinum mines in Rustenburg, North West, is now affecting small businesses and families.

Zimplats adds 29% to Impala profits

2014-02-27 14:11

Profits of Impala Platinum-owned Zimplats jumped 237% to R246m for the interim period to February 2014, and the firm contributed 28.6% to Impala’s total profits.

Amcu unmoved on platinum strike

2014-02-20 11:38
107 comments

Mining union Amcu has vowed to continue a strike against the world's top three platinum producers, with its president describing it as a struggle for survival.

Amcu postpones CCMA platinum wage talks

2014-02-14 09:50

Amcu says it has postponed its meeting with the CCMA about the platinum sector strike to next week, so that it can organise the funeral of a slain steward.

Platinum strikes cost R400m a day

2014-02-04 10:39
127 comments

Strikes in the platinum sector are costing the country about R400m a day, according to a Chamber of Mines official.

Strikers could lose their 'mining rhythm'

2014-01-27 16:20

Striking miners who have not been working for a certain period of time, lose their "mining rhythm", which could impact on health and safety, warns an expert.

Talks to avert platinum strike resume

2014-01-27 05:00

Talks aimed at resolving an Amcu strike at platinum mines have been moved from the CCMA's Johannesburg offices to the Southern Sun Hotel in Arcadia, Pretoria.

How realistic are mine wage demands?

2014-01-26 15:36

The negotiations to end the strike in the platinum sector have kicked off with high-level talks on what is meant by R12 500.

Amplats' hard-fought return to profit under threat

2014-01-22 12:25

Anglo American Platinum has swung back into profit in 2013 as it rebounded from a wave of wildcat strikes, but its recovery is threatened by a new bout of strikes.

Gold under pressure, strike fears boost platinum

2014-01-21 09:26

The main trade union for South African platinum miners said its members will go on strike from Thursday at the world's top three producers, hitting over half of global output.

Gordhan: Strikes will damage economy, hit rand

2014-01-20 10:18

Finance Minister Pravin Gordhan says SA cannot afford looming strikes, which will deal a further blow to investor confidence as the rand nears a five-year low.

Jubilee achieves record production rate

2014-01-02 09:58

Jubilee Platinum has achieved a new record production rate and has secured an equity financing facility.

Strike costs Northam R500m

2013-12-13 11:13

Northam Platinum expects to lose R500m this year to a strike by more than 7 000 employees, which has cost miners R74m in lost wages to date.

Zim to boost world platinum supplies

2013-11-12 20:15

World supplies of platinum in 2013 will rise by 1.6% to 5.74 million ounces with higher output from Zimbabwe accounting for most of the gains, a report shows.

Zim to ban raw platinum exports to SA

2013-11-11 13:03

President Robert Mugabe says he will stop producers from sending raw platinum to SA for processing, to ensure maximum returns from Zimbabwe's resources.

Glencore squeezes $2bn out of Xstrata deal

2013-09-10 14:30

Glencore will cut costs, shelve projects and squeeze more than expected from its record-breaking purchase of mining group Xstrata, lifting benefits from the deal to some $2bn.

Implats halves earnings on labour tensions

2013-08-29 08:49

Impala Platinum's full-year earnings fell by around half as a tough labour environment and depressed prices bit into earnings, the company said.

Northam earnings up 69%, forgoes dividend

2013-08-15 09:57

A weaker rand currency has helped lift full-year earnings at Northam Platinum by 69%, although the mining company declined to pay a dividend.

Aquarius flourishes in 'difficult' times

2013-07-24 10:20

Aquarius Platinum has boosted fourth-quarter production by 22% owing to improvements at its Kroondal mine, but warned of a still difficult and complex environment.

Zim posts $529.6m trade deficit with SA

2013-06-25 16:37

Zimbabwe’s trade deficit with South Africa for the four months to April was at $529.6m, official figures have shown.

 

Non-striking miners under attack

2014-04-08 11:17

Premier Thandi Modise has vowed that police will leave no stone unturned to track down people waging a terror campaign against non-striking miners in Rustenburg.

Amplats will not make profit at strike-hit mines

2014-03-28 16:07

Anglo American Platinum won't make a profit at its Rustenburg mines this year due to the strike, says its chief executive.

Platinum strike causing 'irreparable' damage

2014-03-25 09:29

The financial cost does not tell the full story, say platinum producers of a strike that has left people hungry, caused businesses to close and crime to spiral.

Cattle and caravans sold as strike bites

2014-03-20 13:49

As South Africa's biggest post-apartheid mine strike marks its eighth week, it is already denting growth and export earnings.

Platinum firms feeling strike heat

2014-03-09 14:47

Cracks are beginning to form in the united front presented by platinum mining companies, reports City Press.

Royal Bafokeng to raise R1.5bn in equity

2014-03-04 10:13

Platinum producer Royal Bafokeng Platinum says it aims to raise R1.5bn in equity through a bookbuild and rights issue to fund its key Styldrift 1 mine project.

Platinum strike talks continue

2014-02-27 09:37

Talks between platinum mines and the Association of Mineworkers and Construction Union are set to continue.

Zim shortlists two for platinum refinery

2014-02-14 15:25

The Zimbabwean government has shortlisted two firms for the establishment of a platinum refinery, from the nine submissions made by industry players.

Platinum talks resume

2014-02-13 07:21

Wage talks between striking mining union Amcu and platinum producers are set to resume, with the CCMA saying it is confident of a mediated solution.

Zimplats reports reduced revenues

2014-02-03 14:55

Lower sales volumes and a metal prices drop saw Impala Platinum Holdings subsidiary Zimplats report revenues that were 13% lower for the quarter to December 2013.

Hopes dim for immediate end to Amcu strike

2014-01-27 13:21

The absence of ministers, CEOs and the chief of the key labour union at government-brokered talks reduces hopes for an immediate end to the platinum mining strike.

Modise: Protracted strike suits no one

2014-01-26 17:23

A protracted strike by Amcu in the platinum sector is not in the interests of anyone, says North West premier Thandi Modise.

Striking Amcu agrees to govt mediated talks

2014-01-23 15:00

Amcu says it has agreed to government mediation to end the crippling work stoppage at the world's top three platinum mines.

Oliphant: Turbulent times for labour

2014-01-21 11:42

Job growth is the most important challenge, but recent developments on the labour front signify a turbulent period ahead, says Labour Minister Mildred Oliphant.

Gold hits 6-week high, platinum up on strikes

2014-01-20 10:37

Gold has climbed to a six-week high as an equities dip lifted safe-haven appeal, while platinum gained with looming strikes set to hit global output.

Zim miners set to miss refinery deadline

2014-01-10 09:02

Subsidiaries of SA-based platinum miners seem set to miss a deadline to build a refinery in Zimbabwe, amid plans to ban raw mineral exports from the country.

Zim to levy tax on raw platinum exports

2013-12-20 12:03

Zimbabwe is set to start levying an export tax on all unbeneficiated platinum and diamonds from January 1, says Finance Minister Patrick Chinamasa.

SA fails to fill platinum shortfall

2013-11-13 10:34

Platinum supply from SA, the world's biggest producer, is near a 12-year low as a global deficit of 605 000 ounces is expected this year, according to a report.

Platinum faces huge deficit

2013-11-12 16:25

Strong investment and industrial demand will push the platinum market in 2013 into its biggest deficit since 1999, refiner Johnson Matthey says.

Northam announces new R1bn funding plan

2013-09-20 09:08

Northam Platinum has announced details of a new R1bn rand funding plan for expansion projects.

SA ETF now world's largest platinum fund

2013-08-30 07:40

Rand-denominated New Gold Platinum, a platinum exchange-traded fund operated by Absa Capital, has become the largest fund of its type in volume terms.

Miners rally over Amplats job cuts

2013-08-21 07:45

About 2 000 mineworkers converged at an Anglo American Platinum mine over plans by the world's top producer to cut 6 900 jobs amid unrest in the sector.

SA platinum fund tempts investors

2013-07-25 20:01

South Africa's platinum sector faces a rival for investment flows - a major new physical platinum fund with unprecedented levels of demand.

Bleak prospects for platinum - report

2013-07-16 11:55

There is no definite prospect of any real recovery in SA's platinum production with many mines remaining under serious cost pressure, according to a report.

Shock outlook for SA mine jobs

2013-06-23 18:44

An economist has rejected claims that South Africa’s platinum mining industry alone could shed up to 122 000 jobs in the next two years.

 
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