Impala Platinum, the world’s second leading platinum producer, declared that it would seek further talks with a South African union planning an indefinite strike next week. For full story, click here
South Africa’s Solidarity union declared Anglo American Plc has planned to shed further jobs in South Africa, and accused the company of adopting a short-term survival strategy. Gideon du Plessis, deputy general secretary of Solidarity, stated: It is rumoured that Anglo American plans to cut the personnel at its South African head office by 25 [...]
South Africa’s National Union of Mineworkers declared that it has rejected an improved 8.5 percent pay surge offer from Impala Platinu, the world second leading platinum producer. For full story, click here
Aquarius Platinum, a producer of the metal in southern Africa, rallied for a second day after the company declared that it’s preparing to reopen its Everest mine in South Africa seven months after closing it. For full story, click here
Eastern Platinum declared a producer of the precious metal in South Africa, about 500 contract workers ended an “illegal sit-in” at its Crocodile River Mine today following successful mediation. For full story, click here
South African mining production slipped 14.5 percent in May from a year earlier after companies including Anglo Platinum Ltd. and Xstrata Plc cut output of metals as slowing economic growth around the world reduced consumption. For full story, click here
South Africa’s ruling African National Congress declared that it was open to discussing demands by its labor union allies to consider nationalizing the country’s mines, which lead world production of platinum and rank No.3 in gold. For full story, click here
South Africa’s rand slipped as the price of gold and platinum, the country’s leading exports, slid and the dollar gained after Russia’s Finance Minister said his nation has full confidence in the U.S. currency. For full story, click here
South African mineworkers at Anglo Platinum are demanding a 15 per cent pay surge from the world’s leading producer of the precious metal. For full story, click here
Impala Platinum must increase pay by 20%, the world’s second-leading producer of the metal, was asked by a mining union representing about half its South African workers to raise pay by 20 percent. For full story, click here
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