Strike edging platinum sector to crisis: producers
The three largest platinum producers claimed their industry faced a fresh round of restructuring and job losses if a four-week strike by AMCU continued.
Amplats sees AMCU wage advance next week
Anglo American Platinum CEO, Chris Griffith, said there would be progress in wage talks after workers sacrificed their second month of wages next week.
Strike takes worrying slide into violence
One employee, believed to be an AMCU shop steward, died while another was injured as a strike at Amplats took a worrying turn for the worse.
Aquarius turns hand to refinancing $300m bond
Aquarius Platinum CEO, Jean Nel, said the company had established a credible track-record operationally and could now turn to the major problem of its balance sheet.
Platinum wage talks adjourned, losses at R2bn
Revenue losses total R2bn to date while employees had sacrificed R900m in wages, said platinum producers who don't know when wage talks will resume.
Aquarius Pt sells non-core assets for R755m
Aquarius Platinum has bolstered its balance sheet selling non-core assets that include the once mighty R1.3bn Blue Ridge project and the $700m Sheba's Ridge prospect.
AMCU to mull ‘journey’ offer to R12,500/m
AMCU will ask members to consider a revised three-year wage offer from platinum producers that proposes a 9% increase for entry-level workers in the first year.
Zimbabwe tax foment troubles Aquarius Pt
Jean Nel, CEO of Aquarius Platinum, said regulatory uncertainty in Zimbabwe was making it hard to budget and plan the firm's crucial Mimosa operation.
AMCU, bosses differ on wage talk progress
South Africa's platinum bosses said wage talks were off to "a constructive start", but AMCU was downbeat in its appraisal of the three-day process.
Amplats’ Griffith fears strike will foil restructure
Chris Griffith, CEO of Amplats, said a strike at its premises on Thursday would see its restructuring efforts unravel.