Platinum firms “far apart” from AMCU on wages
Wage talks between AMCU and South Africa's platinum producers ended in failure today with the parties declaring themselves far apart.
RBPlat taps market for R1.5bn Styldrift funds
Royal Bafokeng Platinum hopes to raise R900m in a rights issue but will first seek R600m in a book-build in an effort to fund R1.5bn of its R11bn Styldrift project.
AMCU quandry echoes UK coal union finale
The coal miners strike in the UK during the Eighties spelled the end of the union movement in that sector, a high stakes event that has historic relevance for AMCU.
Platinum impervious to strike … for now
The platinum price may well respond if a strike at South Africa's producers were to continue for another month, said Impala Platinum's Derek Engelbrecht.
Implats passes dividend as screw tightens
Impala Platinum held the interim dividend has cash fell and net debt rose and as the undoubted pressure of a five week strike at Rustenburg began to tell.
A rock and a hard place for Amplats’ Griffith
Chris Griffith is clearly under pressure from the South African government to help diminish AMCU whilst his own company has little interest in subsidising the mines of Rustenburg.
Glyn Lewis calls time on Northam career
Northam Platinum's CEO of eight years, Glyn Lewis, will make way for former Implats executive, Paul Dunne, after deciding to accelerate his retirement plans.
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.