Articles Tagged "Anglo American Platinum"

South Africa Miners Return to Work

Reuters reported that workers at South African platinum mines owned by Anglo American Platinum (LSE:AAL), Impala Platinum (JSE:IMP) and Lonmin (LSE:LMI) cheered as they returned to work this week following the end of a five month strike. As Reuters wrote, the strike has so far cost the companies an estimated over $1 billion in revenues.

Producers Plan Further Talks Following Additional Wage Demands

Bloomberg reported that major PGM producers Anglo American Platinum (LSE:AAL), Impala Platinum (JSE:IMP) and Lonmin (LSE:LMI) are looking to meet with South Africa's Association of Mineworkers and Construction Union again after the AMCU put forward additional wage demands following the announcement of an imminent resolution.

Deutsche Bank AG Says Anglo American Platinum May Sell Mines

Bloomberg reported yesterday that South African platinum miner Anglo American Platinum (LSE:AAL) could sell its mines next year, and that the sale could increase the company's stock price, according to Deutsche Bank mining analyst Rob Clifford. Clifford also notes that Sibanye Gold Ltd. (NYSE:SBGL) could be interested in buying, according to Bloomberg.

Lonmin Employees Leave Work Shuttles Empty

Despite statements from miners Anglo American Platinum (LSE:AAL), Impala Platinum (JSE:IMP) and Lonmin (LSE:LMI) that striking miners are ready to go back to work, Bloomberg reported today that Lonmin workers are failing to board buses to the company's mine. The empty buses are indicative of mine worker defiance in the ongoing strike, Bloomberg stated.