It is not normal for a society to be this unequal, hence we cannot adopt a standard or even classical approach to the challenges that we encounter, writes Ralph Mathekga.
It’s been a good year for South African miners as the rally in iron ore, gold and platinum-group metal prices boosted earnings and put dividends back on the agenda.
Proposed retrenchments by Impala Platinum will have a devastating domino effect on communities and businesses.
The world’s most expensive precious metal, a by-product of platinum mining, has more than trebled in value since the start of 2017 as a mining retreat in South Africa threatens a supply shortage.
Impala Platinum has said its restructuring process will potentially impact 9 000 direct jobs and 4 000 contractor positions over the implementation period.
Impala Platinum has said Zimbabwe’s plan to compel mining companies to list the on the local exchange isn’t feasible, and would impede operators’ ability to grow and invest in their assets.
Impala Platinum says the Zimbabwean government's requirement to invest in smelting and refining capacity for its 50%-owned Mimosa mine is not affordable.
Impala Platinum has confirmed a fatal underground incident at the Mimosa mine in Zimbabwe, which it jointly owns together with Sibanye Resources.
Impala Platinum's board has approved a new mine in Zimbabwe, despite facing uncertainty and threats from the government’s land grab bid and higher power tariffs.
Impala Platinum has issued a profit warning statement to say that earnings for the year to June 30 2016 will be much lower than the prior year.
Rescuers are working furiously at Impala Platinum’s Rustenburg mine to save two mineworkers who are trapped underground.
Impala Platinum will report its first net profit since 2014 as the South African miner benefits from higher metals prices and operational improvements.
"We will hit where it matters most... [the] gloves will be off,” Joseph Mathunjwa, president of the Association of Mineworkers and Construction Union has warned Impala Platinum over looming job losses.
The Department of Mineral Resources says an announcement of job cuts by platinum miner Implats smacks of bad faith in the midst of commitments to save jobs.
Possibly more job losses at the world's second largest platinum producer, Bloomberg reports.
Two miners have died when a rock fell on their heads while drilling in shaft 12 of Impala Platinum’s Rustenburg mine, the mine says.
The Reserve Bank of Zimbabwe's directive to platinum miners to give up 80% of their foreign currency receipts to the bank will have a severe effect on suppliers, says Impala Platinum.
Impala Platinum says protests at its Marula mine and low metal prices has led the world’s second-largest producer of the metal to start a reorganisation process.
The storm could be over for Impala Platinum’s unit in Zimbabwe as Zimplats reports a massive swing back to profit following a $74.3m loss in 2015.
Shares in Impala Platinum Holdings,may be poised to drop in trading, technical indicators used by some analysts show.
Impala Platinum will be paid $201m by a US recycling company to compensate for years of defaulted payments, the mining firm says.
Cape TownRage SA
Western CapeWest Coast PersonnelR10 000.00 - R15 000.00 Per Month
Cape TownE-Merge IT RecruitmentR899 000.00 - R900 000.00 Per Year
Apartments / Flats
R 1 070 000
Apartments / Flats
R 1 200 per day
Apartments / Flats
R 10 200
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.