ARTICLES RELATING TO PLATINUM

Zimbabwe, Russia sign $3bn platinum deal

2014-09-16 20:19

Zimbabwe has signed a $3bn deal with Russia that will see production of nearly 600 000 ounces of platinum a year.

Economic worries grow as mining output sinks

2014-09-11 13:41

Mining output dropped 7.7% year-on-year as platinum prices tumbled over 45% and the economy struggled to recover from a five-month platinum sector strike.

Implats mulls mechanisation

2014-08-29 06:00

Impala Platinum has warnedof a tough time ahead on the cost front, and its CEO says it is looking at modernising the workplace and will mechanise where it can.

Zimplats gets smelter to comply with new laws

2014-07-31 11:25

Impala Platinum-owned Zimplats says it will pay $690m to modify an old smelter to meet government requirements of having all platinum processed in Zimbabwe.

Anglo to shed mines, cut 20 000 jobs - report

2014-07-21 07:54
112 comments

Anglo American is set to unveil its plan to dispose of its oldest South African platinum mines, a move that would reduce the global miner's staff count by 20 000.

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.

Vaults may explain platinum price puzzle

2014-06-26 05:00

Prices were expected to soar during a record strike, but underground vaults could help explain the market's indifference to its biggest ever supply shock.

Amcu expected to sign wage deal

2014-06-23 11:15

Amcu members were singing struggle songs as they filed into the Royal Bafokeng Sports Palace to witness the signing of a wage settlement in the platinum sector.

Amcu members gather at Wonderkop

2014-06-12 16:17

Hundreds of Amcu members have been singing liberation songs in Marikana, awaiting the arrival of their leaders.

Lonmin not mothballing mine shafts

2014-06-10 13:25

Platinum producer Lonmin has not mothballed mine shafts due to the almost five-month-old Amcu strike, says the company.

Amcu rejects gov't proposal to end strike

2014-06-05 09:48
98 comments

Amcu has rejected a government wage increase proposal aimed at ending the crippling five-month strike by platinum miners, according to a newspaper report.

Platinum wage 'could have been met already'

2014-06-02 13:53

Amcu's R12 500 wage demanded in the ongoing platinum strike could already have been met if producers had not sold metals at below market price, says an expert.

Platinum finally rising as stocks near end

2014-05-30 08:16

Platinum prices could soon begin to rise as the metal stocks built up by producers in anticipation of the strike in South Africa, finally run low.

Platinum strike talks resume

2014-05-29 13:53

Government-mediated talks at an undisclosed location have started to broker an end an 18-week platinum strike that threatens to push SA into recession.

Platinum strike talks break down - minister

2014-05-28 09:27
127 comments

South Africa should not allow itself to slip into a recession, says mining minister Ngoako Ramatlhodi as he vowed to find a solution to the platinum strike.

SACP: Stop gambling with workers' lives

2014-05-25 16:10

The SA Communist Party has called for genuine engagement to end the four-month-long platinum wage dispute.

Platinum market deficit increases

2014-05-20 16:15

Johnson Matthey data shows that the platinum market is expected to post a deficit of more than 1.2 million ounces this year.

Strike sparks recession fears

2014-05-16 20:00

The impact of the platinum strike on SA's economy is increasing at an alarming rate and yet there could be ways to solve it, says an expert.

Platinum firms hit out at Amcu

2014-05-06 10:46

Platinum miners say Amcu has made no effort to find a solution to a marathon strike which is having a deep and adverse impact on communities around Rustenburg.

Aquarius Platinum's core earnings fall

2014-04-29 09:24

Aquarius Platinum, the world's fourth-largest platinum miner, has reported a fall in revenue and core operational earnings for the third quarter.

Platinum firms take offer to workers

2014-04-28 09:52

The end game to the big platinum strike is drawing near after the producers said they would take their latest wage offer directly to employees.

Sibanye seen as suitor for Anglo mines

2014-04-27 13:40

If Anglo American pushes ahead to divest underperforming platinum assets, a sale to Sibanye Gold is seen as the most likely option.

Wage offer 'not the final one' - Amcu

2014-04-22 12:11

The employers' latest package offer by producers is "not the final offer" and so Amcu does not immediately plan to submit it to a vote, says a shop steward.

Easter no mini retail Christmas due to strike

2014-04-20 16:00

Usually, the Easter weekend is like a mini Christmas for retail sales, but due to the long platinum strike an economic tragedy is unfolding, say retailers.

Whither SA's platinum sector?

2014-04-17 11:03

Curing the problems of platinum production may seem a simple matter but in reality may well be impossible, says an economist.

 

Wesizwe narrows half-year losses

2014-09-09 15:08

Wesizwe Platinum says it is does not expect to earn revenue until 2019 after posting a R3.8m loss for the six months to June.

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.

Aquarius Platinum reaches wage deals

2014-07-21 17:05

Aquarius Platinum says it has reached separate three-year wage deals with unions relating to members at its Kroondal operation.

SA union war follows old pattern on new turf

2014-07-20 13:51

When a wildcat strike hit Impala Platinum's Marula mine in Limpopo, union leaders there had no idea it was coming.

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.

Sacci calls for compulsory secret strike ballot

2014-06-24 10:55

The SA Chamber of Commerce and Industry has welcomed the resolution of the platinum strike but says SA's industrial relations framework needs to be reviewed.

No confirmation of platinum wage deal

2014-06-16 15:47

There is no confirmation from the mining sector regarding a report that Amcu had accepted the wage deal in the platinum sector.

Experts: Govt faces terrible mining quandary

2014-06-11 12:27

Mining analysts at a roundtable discussion agreed that the roots of gross inequality in society, and not just in the mining industry, lie in the past.

Mantashe 'playing xenophobic card' - socialists

2014-06-09 16:16

Gwede Mantashe is accused by a socialist party of playing a "xenophobic card" by suggesting white foreigners are interfering in the platinum mining strike.

'Workers drive Amcu'

2014-06-02 14:31

Amcu's stance in the wage dispute in the platinum sector is driven by workers and not union leaders, says the Alternative Information and Development Centre.

Parties to consult on platinum strike talks

2014-06-01 14:56

Negotiations to resolve the platinum wage dispute has reach consultation stage, says the department of mineral resources.

Nene: Govt taking initiative to end strike

2014-05-29 16:10

The government is doing everything in its power to end a crippling platinum sector strike now in its eighteenth week, says new Finance Minister Nhlanhla Nene.

Government taking initiative to end strike

2014-05-29 13:29

The government is taking the initiative to end a crippling platinum sector strike now in its eighteenth week, says new Finance Minister Nhlanhla Nene.

Jobs dwindle as strike hits Rustenburg

2014-05-27 20:00

The over four-month-old strike in the platinum mining sector has reduced employment opportunities in Rustenburg in the North West, unemployed people say.

NUM calls for end to platinum strike

2014-05-25 12:44

The ongoing platinum strike is damaging to the economy and if the dispute is not resolved there will be permanent casualties, warns NUM's Frans Baleni.

Gold steadies, platinum up as strike continues

2014-05-19 10:41

Gold has steadied after two consecutive sessions of losses but remained below $1 300 an ounce, while platinum added to gains on strike supply worries.

Platinum heads for gain on strike supply fears

2014-05-16 11:02

Platinum is headed for its best weekly increase in three months on supply concerns from prolonged strikes, while gold struggled below $1 300 an ounce.

Platinum stockpiles keep price stable

2014-04-30 14:00

Platinum's price stability in the face of a protracted strike is testament to the sector's success in using stocks built up in advance to hold the market steady.

Platinum outperforms on strike, gold steady

2014-04-29 07:36

Platinum has outperformed as Amcu's strike entered a third month, while gold has steadied above $1 300 an ounce, underpinned by Ukraine concerns.

Amcu not happy with new wage offer

2014-04-27 17:49

Mining union Amcu says the platinum producers are trying to undercut its members, and says it makes no promises of acceptance of a revised offer.

Platinum in spotlight on JSE

2014-04-22 12:45

The possibility of renewed wage talks in the platinum sector has, as expected, been the focus on the JSE.

Amcu talks sink platinum, palladium

2014-04-22 07:59

Platinum and palladium prices have dropped sharply following reports that South African mining may resume.

End in sight for costly platinum strike

2014-04-18 10:11
100 comments

Platinum producers have made a new wage offer in a bid to end a three-month strike at their mines that has hit 40% of global output of the industrial metal.

Behind the strike madness

2014-04-17 07:58

Peter Montalto looks at the underlying issues around Amcu's platinum strike.

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