Negotiator’s Comment Throws Wrench in Platinum Wage Talks
Mineweb reported yesterday that the wage negotiations taking place between South Africa's Association of Mineworkers and Construction Union (AMCU) and major miners Lonmin plc (LSE:LMI), Impala Platinum...
View ArticlePlatinum 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...
View ArticleAmplats 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...
View ArticleMining Industry, Union Meeting May Spur Talks Between AMCU, Platinum Miners
Reuters reported that Kgalema Motlanthe, deputy president of South Africa, will be meeting with unions and mining industry members on Thursday.Continue reading...
View ArticleAMCU 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...
View ArticleAnglo American’s Platinum Stockpiles Now at 215,000 Ounces
Bloomberg reported that despite a 10-week strike at its South African operations, Anglo American Platinum Ltd. (OTCMKTS:AGPPY) still has enough platinum to supply its customers.Continue reading...
View ArticlePlatinum Price Unmoved as South African Strikes Enter Week 11
Striking at the operations of South Africa's three major platinum miners is negatively impacting everything from the miners' profits to local businesses. Prices, however, have thus far been largely...
View ArticleSouth African Platinum Strike “Officially Over”
Major miners Amplats, Implats and Lonmin agreed to many of the AMCU's demands.Continue reading...
View ArticleWPIC Releases Stats on Aboveground Platinum Stockpiles
The amount of platinum stockpiled aboveground isn't usually discussed. However, the World Platinum Investment Council lays out the numbers in its inaugural quarterly platinum report. Here's why...
View ArticleBaroka Platinum Offers $263 Million for Amplats’ Bokoni Stake
Reuters reported that Baroka Platinum has offered to buy Anglo American Platinum Ltd's (OTCMKTS:AGPPY) stake in the Bokoni mine for $263 million. Baroka Platinum is part of the Baroka Tribal Mining...
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