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 loses gold sector strike appeal
The Labour Court rejected an appeal by the Association of Mineworkers & Construction Union to launch a strike in the gold sector.
Ramatlhodi puts brakes on MPRDA amendments
Mines minister Ngoako Ramatlhodi has asked to review proposed changes to the Mineral & Petroleum Resources Development Act due to be signed into law.
Mine bosses cut down to size in 2012/13 purge
During the last two years, bosses of nearly half of the world's top 40 diversified mining companies lost their jobs as shareholders exacted revenge for under-performance.
Pallinghurst hits 3-year high as gems flourish
Pallinghurst made further value gains on the same days its 48% held Gemfields produced twice as much revenue as expected from its maiden ruby sales in Singapore.
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.