Aquarius issues 2.9% of shares to ‘preserve’ BEE
Aquarius Platinum issues 2.9% of its stock - and says that it will issue more - to
preserve the 13% held by its BEE partners in a development that is ominous for SA
mining.
Shabangu blames Implats for strike contagion
Susan Shabangu, South Africa’s mines minister, said Impala Platinum’s increase of
miner wages last year was the root cause of the country’s current strike contagion.
Amplats disciplinary hearings start
Anglo American Platinum is holding disciplinary hearings on Tuesday, saying striking
workers who fail to present themselves will be dismissed.
Atlatsa’s Bokoni sucked into strike contagion
Atlatsa Resources Corp’s Bokoni Platinum Mines said its workers had embarked on an
unprotected strike as yet another mine falls to industrial action.
Implats chases peace in 4.8% wage hike
On a poor day for South Africa Inc. - with Amplats to dismiss 23,000 employees and
a Moody’s downgrade - Implats said that it would grow its wage bill 4.8% in an
effort to restore peace.
Amplats ‘serious’ over punitive measures
Anglo American Platinum will go where others are fearing to tread should it carry out
its threat of dismissing workers who continue to disregard a return-to-work
ultimatum.
Amplats extends ultimatum
Striking workers at Anglo American Platinum’s Rustenburg operations are facing the
sack should they not return for duty by Thursday, the company says.
Zimplats accepts $33.8m tax charge
Zimplats has conceded defeat in its battle with the Zimbabwe Revenue Authority,
saying that it won’t further contest a revised tax assessment of $33.8m.
Amplats still hit by no-shows
Anglo American Platinum has extended its deadline for workers to return for duty
until Monday.
Zuma calls in the troops
President Jacob Zuma has authorised the deployment of the SANDF to maintain law
and order in the platinum rich areas of the North West province.