Implats hatches plan to ease union hostilities
Impala Platinum wants Amcu and the NUM to arrive at a solution whereby the
two unions share recognition at the company’s Lease Area mine rather than
adopt a "winner takes all’ approach.
NUM slams Impala’s 18% retention increase
Impala Platinum has raised the prospect that production at its Rustenburg mine will be
negatively affected for up to two weeks as it begins to dismiss 5,000 rock drill
operators.
Implats cuts capex but seeks higher output
Uncertain times in the platinum industry have forced Impala Platinum to rein in
capital expenditure, but the company says it will not cut back production in the
foreseeable future.
RBPlat given R10bn price tag
Royal Bafokeng Platinum is to list on the JSE with an estimated market cap of between R9.1bn and R10.6bn, says the group.
JIC labour dispute stings platinum miners
Several junior platinum miners are caught in the crossfire of the labour dispute between mining contractor JIC Mining and the National Union of Mineworkers.
Nicolau felt Amplats had already cut back
Speaking to Miningmx before his resignation, former Amplats CEO,
Neville Nicolau, said he didn’t see the point in cutting ounces only for the benefit of the rest of the industry.
Amplats, Sibanye agree R4.5bn Rustenburg sale
Sibanye Gold enters the platinum industry offering to pay R1.5bn upfront either in shares or cash whilst Amplats gets 35% of cash flow generated after capex.
Northam to take R300m hit from smelter run-out
Northam Platinum has warned investors the smelter run-out at its Zondereinde mine may affect income by some R300m in the current financial year.
Volumes, prices to boost Impala earnings
Impala Platinum is expects its full year earnings to be significantly higher, as dollar prices for metals increased and sales volumes improved.
Platinum firms dangle R1,000/m basic pay lift
Implats has offered a R1,000 per month pay increase taking the basic pay lift over five years to 18% but keeping other benefits in line with inflation.