Articles Tagged "Anglo American Platinum Ltd."

AMCU Ready for Six More Months of Striking

Mining Weekly reported yesterday that South Africa's Association of Mineworkers and Construction Union (AMCU) is prepared to keep striking for another six months at the operations of major miners Anglo American Platinum Ltd. (OTCMKTS:AGPPY), Lonmin plc (LSE:LMI) and Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY).

Amplats Able to Supply Customers Longer Than Lonmin, Implats

Bloomberg reported that according to Simon Hudson-Peacock, a fund manager at Momentum Asset Management (Pty) Ltd., Anglo American Platinum Ltd. (OTCMKTS:AGPPY) will be able to supply its customers longer than Lonmin plc (LSE:LMI) and Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY).

Platinum Wage Talks “a Tragedy that Has to Play Itself Out”

Speaking to Mineweb, John Brand, a labor law expert and partner at Bowman and Gillfilan, said that South Africa's Association of Mineworkers and Construction Union and major miners Lonmin plc (LSE:LMI), Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) and Anglo American Platinum Ltd. (OTCMKTS:AGPPY) now have "no choice but to let the [wage talks] scenario play itself out to the detriment of all involved."