RBPlat, NUM lift gloom with 9.1% wage pact
Royal Bafokeng Platinum will pay its lowest paid underground workers 9.5% to 10.5% for the first three years of a five-year deal that also links in productivity.
Platinum surge on restocking, restructuring
The platinum price has gained ground in the week following the strike resolution which analysts said was perhaps not entirely unexpected.
Pallinghurst kept waiting for platinum gap
Pallinghurst said it would wait for an uptick in the platinum market before listing its Sedibelo Platinum Mines. However, when will that be given the stasis in the platinum price?
Platinum firms warn profits ‘constrained’
South Africa's three largest platinum producers Amplats, Implats and Lonmin brought the curtain down on a five-month strike and warned conditions remained tough.
AMCU extracts 3-year platinum wage deal
Platinum producers were hopeful of getting miners back this week after the Association of Mineworkers & Construction Union said it would sign a three year wage deal.
Strike over
The Association of Mineworkers & Construction Union will bring the curtain down on the five-month strike in the platinum sector on June 24, sources say.
AMCU foils deal with R1bn in extra demands
Miners have flooded back to the platinum belt in anticipate of work, but they are due to be frustrated as fresh union demands raise the likelihood of a 22nd week of striking.
Strike deal held up on surprise AMCU response
The Association of Mineworkers & Construction Union is pushing for wage concessions that extend beyond the mandate of the platinum companies.
Tharisa bullish as PGM, chrome supplies tighten
Tightening supply of chrome ore and platinum group metals would help lift Tharisa's second half assisted by the firm's optimisation drive.
RBPlat upbeat on wage deal with NUM
As one round of wage negotiations ends, another begins with Royal Bafokeng Platinum saying it was in positive ahead of wage talks with the National Union of Mineworkers.