· Lonmin''s Limpopo platinum mine Johannesburg, South Africa — MININGREVIEW — 13 November 2008 – Both union and company officials have confirmed that a strike over a pay dispute by more than 2 000 union members has halted production at a mine owned by Lonmin plc – the world''s third largest platinum producer.. Reuters quotes Lonmin as saying that the mine …
· Mining giant Anglo American is selling some of its South African platinum mines due to their limited profitability. The South African Government has expressed increasing concern about the state of mining and the loss of thousands of jobs in the sector, so the sale will set the tone for whether or not the industry is salvageable.
· All eyes are on South Africa, where a labor strike, now in its fifth month, has brought a halt to the production of platinum and palladium. As a result, platinum prices have inched up 8.25 percent this year to just under $1,500 an ounce, while palladium prices have surged 19.28 percent to over $850 an ounce, a three-year high.
· Today, South Africa is experiencing major political shifts. There are few places where these political shifts were as apparent as in the country''s platinum belt in the North West Province. Operations at South Africa''s three largest platinum producers ground to a halt in January when miners put down their tools over wage disputes.
· With these, you get a comprehensive South African mines list for major mines and companies. 1. BHP Billiton Energy Coal South Africa Proprietary Limited. This is one of the major companies in South Africa that is known for mining Gold. It was previously known as the Ingwe Collieries Limited.
Such events are rooted in a strike led by the African Mine Workers'' Union in August 1946. Miners of the Witwatersrand were demanding higher pay: an extra 10 shillings a day. The strike went on for a week despite what South African History Online describes as "the most savage police terror". Officially, the police and army attacked the ...
the strike to disappear. We conduct our analysis using a dynamic CGE model of South Africa. JEL codes: C68, J52 Keywords: Platinum mining strike, computable general equilibrium, UPGEM 1 Introduction The labour strike in South Africa''s platinum sector that started on 23 January 2014 became the country''s largest and most expensive in history ...
South Africa. Johannesburg Stock Exchange; Anglo American Platinum Limited. News. Summary ... South Africa minister warns on economy as mines face strike threat: RE. More recommendations: ... ANGLO AMERICAN PLATINUM: Unki Mine Production Rises 4pc Despite Pandemic: AQ. 02/23: ANGLO AMERICAN PLATINUM: ...
Platinum is the main metal which is mined in the Marikana mine.. First protests. On 10 August 2012, rock drillers initiated a wildcat strike in pursuit of a pay raise to 12,500 South African rand per month, a figure which amounted to tripling of their monthly salaries (from approx. US$280 to $840).. The strike occurred against a backdrop of antagonism and violence between the African National ...
South Africa is home to 80% of the world''s known platinum reserves, and produces about 70% of the world''s supply. Platinum prices have been flat since 2009 or so, due to weak demand for catalytic converters, the primary use of platinum in industry. Meanwhile, other costs have risen, putting pressure on the mining industry. In 2013, roughly half of South Africa mining shafts operated at a net loss.
· On 23 January 2014, almost 70 000 platinum mine workers went on strike. The majority of workers were from major platinum producers such as Impala Platinum, Anglo American Platinum and Lonmin Platinum Mines based in the Rustenburg are of the North West Province. ... The South African mining industry shed 20,000 jobs in the 12 months leading to ...
Keywords: Platinum mining strike, computable general equilibrium, UPGEM . 1. Introduction . The labour strike in South Africa''s platinum sector that started on 23 January 2014 became the country''s largest and most expensive in history. The dispute regarding wages and conditions of
· Union leader Joseph Mathunjwa, center, sings and dances with mine workers outside the Lonmin''s platinum mine in Marikana near Rustenburg, South Africa, Thursday, Jan. 23, 2014. Allied Metal and Construction Workers Union (AMCU) at Lonmin in Marikana, Anglo American Platinum (Amplats) and Impala mines started a strike on Thursday pushing for an ...
Northam Platinum Ltd. of South Africa produced about 8,600 kg of PGMs at the Zondereinde Mine in 2011 compared with 8,200 kg in 2010. The company planned further increases in output in 2012. Aquarius Platinum Ltd. of South Africa operates the Everest Mine and has joint-venture agreements with Amplats for the Kroondal and the Marikana Mines.
· We take a look at a few highlights/low lights of South Africa''s mining industry as published by Statistics South Africa Exactly a week after delegates closed the 26 th Investing in African Mining Indaba, Stats SA released data on the performance of the mining industry in 2019. The level of production was 1,3% lower in 2019 than 2018, which in turn was 2,1% lower than 2017.