Can Aquarius Platinum survive?
The malaise in the platinum group metal sector has had a greater effect on
Aquarius Platinum’s share price than the global economic crisis.
Workers stay away as Lonmin seeks peace deal
UPDATE: Fewer than one in seven Lonmin employees have turned up for work
as the company aims to have a peace agreement with all unions in place later
this week.
Amplats workers on strike
Anglo American Platinum says around 100 employees at its Thembelani Mine in
Rustenburg refused to go underground during the morning shift change on
Friday.
RBPlat employees return to work
Royal Bafokeng Platinum says its operations at the Bafokeng Rasimone Platinum Mine's north shaft have normalised, following and earlier illegal strike.
Zuma threatens to seize mining licences
President Jacob Zuma, speaking in the North West province, said miners ought to provide decent housing to miners or risk losing their mining licences, comments he made in the wake of the Marikana disaster.
Implats cuts capex but seeks higher output
Uncertain times in the platinum industry have forced Impala Platinum to rein in
capital expenditure, but the company says it will not cut back production in the
foreseeable future.
Chamber, Amcu to talk as strike spreads
UPDATED: The Chamber of Mines will meet trade union Amcu for the first time
on Wednesday. Meanwhile, some workers at Royal Bafokeng Platinum have
reportedly downed tools.
SA platinum faces “toxic mix’ as it plots union talks
The platinum sector’s relations with labour have been described as a toxic mix
of politics, union complacency and management failure.
Implats postpones NUM, Amcu count as tensions rise
Impala Platinum’s plans to verify the support that controversial union Amcu has
on its Rustenburg mine has been postponed two weeks as the atmosphere there
is tense.
Idle Lonmin to plea with bankers
Lonmin will have to ask its bankers for some leniency on its loan conditions, or
request shareholders for a capital injection, while its main operating asset is
standing still.