Resurgent Lonmin sets out brave new world
An Esop; centralised bargaining; and more inclusive union recognition are some of the steps Lonmin is taking to recover - a statement of intent the market applauded.
Amplats’ Griffith hails ‘constructive talks’
Chris Griffith, CEO of Anglo American Platinum, said the firm's relationship with mines minister, Susan Shabangu, is "back where it should be".
NUM blocked Implats’ push for wage lift
The National Union of Mineworkers deliberately blocked efforts by Impala Platinum to lift salaries for rock drill operators, the Farlam Commission heard.
Amplats puts 60-day hold on job cuts
Anglo American Platinum agreed with unions and government to a 60-day consultation period during which time its restructuring plan would be postponed.
Amplats may revisit restructure plan
A report by City Press raised the prospect that Anglo American Platinum may seek to mitigate a restructuring plan affecting up to 14,000 jobs.
Motsepe reiterates interest in platinum deals
Patrice Motsepe, executive chairperson of African Rainbow Minerals, said his firm was interested in platinum acquisitions, reiterating comments made in September.
Wesizwe captures $650m in Bakubung loan
Wesizwe Platinum will bridge the R1.4bn in increased capital expenditure announced last year with a $650m loan from the China Development Bank.
Amplats furore knocked R40bn off Anglo
Investors fled Anglo American, although according to a legal expert the suspension of its mining licences would have to be conducted through the courts first.
Amcu gears up for weekend of protest
The Associated Mineworkers & Construction Union (Amcu) said it had persuaded Amplats workers to return to work but said protests would kick off this weekend.
Strike rumblings at Amplats Rustenburg mines
There are unconfirmed reports of strikes at Anglo American Platinum's Rustenburg sections amid calls by the NUM to resist protests as this will only hasten job losses.