Search Results for "Africa"

Lonmin Plans to Cut 21% of Workforce in South Africa

The Guardian reported that South African focused platinum producer Lonmin (LSE:LMI) expects to cut roughly 21% of jobs at its South African operations. The cuts come “as part of a drive to increase profits” following this year’s protracted strikes, according to the Guardian.

PGM Producers Getting Serious about Mechanization, Ukwazi

In an article from mining weekly, Ilan Solomons spoke with midtier mining consultancy Ukwazi Group director Hugo Tukker, who said that PGM producers who formerly opted for conventional mining methods that created thousands of jobs in South Africa are now looking to mechanize their mines.

Northam Platinum Wants to Buy South African Mines

Reuters reported that South Africa’s Northam Platinum (JSE:NHM) wants to buy up South African platinum mines despite recording full year losses due to protracted strikes earlier this year. According to Reuters, Northam has reviewed its strategy due to what it sees as opportunities arising in the sector.