Strike removes up to 2,5m ounces from market
The strike will normalise the platinum market for at least five years, says Impala Platinum marketing head Derek Engelbrecht.
Tariff increases loom as Eskom flounders
ELECTRICITY users should brace themselves for further tariff increases as Eskom
tries to address cash flow constraints brought by rising operational and funding
costs.
Rustenburg sale may cure years of ‘self-harm’
SPECULATION Sibanye Gold may buy platinum shafts or sections in Rustenburg
owned by Anglo American Platinum not only represents a potential new
chapter in the rise of the gold counter, but gives credence to the proposed
turnaround of Amplats parent, Anglo American.
Can private equity reboot the mining sector?
ROUGHLY $8bn to $10bn has been raised by newly founded private equity
companies, many of them started by former resources bankers or mining executives,
‘Normal’ platinum output unlikely before July
PLATINUM miners have started communicating a settlement wage offer directly to
employees after negotiations failed,
Labour, uncertainty kills Platfields deal
LONG-RUNNING talks between platinum exploration company Platfields and an international funder have ended, raising the possibility that a rights issue may be required to ensure the future sustainability of the company.
Platinum offer ‘won’t break strike’
A REVISED offer tabled by the world’s three biggest platinum producers, aiming to end a three-month strike, will be insufficient to get negotiators to a settlement before the elections on May 7, said Investec Asset Management.
Amplats, Implats offer R12,500/m by 2017
South African platinum firms have offered to meet AMCU's R12,500 per month basic wage demand by 2017 in a move they said they could "ill afford".
5 urgent ‘to-do’s’ on Eskom CEO’s worry list
What to do about a state-owned utility called Eskom is the subject on everyone's lips again. First off, appointing a CEO. Secondly, addressing these crucial issues ...
Master Drilling welcomes mechanisation talk
Master Drilings says strike activity in South Africa is obviously unhelpful but it may have some positive spinoffs if it results in mechanisation.