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PLATINUM

AMCU will not buy Amplats mines – Gama

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Amcu treasurer Jimmy Gama on Wednesday told MPs the union had no plans to buy two mines Amplats is selling off, while the rival NUM said it remained opposed to such a move. "Amcu is not interested in buying those mines," Gama told Parliament's...
20th August 2014
 
 
LABOUR

Atlatsa, unions sign two-year wage deal at Bokoni

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Triple-listed Atlatsa Resources on Wednesday announced that it had reached a two-year wage agreement with recognised unions at the Bokoni platinum mine, in Limpopo. The company said that the agreement, which had been signed by the National Union...
20th August 2014
 
 
PLATINUM

Zimplats halts mining at Bimha

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Zimbabwe-based platinum producer Zimplats has warned of a possible 70 000 oz drop in 2015 financial year production, after deciding to cease all mining activities at its Bimha mine with immediate effect. This decision was taken to ensure the...
20th August 2014
 
 
PLATINUM

AMCU to fight Amplats sale

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Joseph Mathunjwa Anglo American Platinum (Amplats) should sell its Rustenburg mine to the workers, Amcu leader Joseph Mathunjwa said on Saturday. "We have provident funds that we can put as security and continue to mine platinum," he said.
18th August 2014
 
 
PLATINUM

Implats expects 70% to 75% drop in full-year HEPS following strike

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Platinum miner Impala Platinum (Implats) on Friday announced that it expected its headline earnings per share (HEPS) for the year ended June 30, to be between 70% and 75% lower than that of the prior financial year, as a result of the...
15th August 2014
 
 
PRECIOUS METALS

Gold mine's reboot shines light on challenge facing platinum

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The experience of Harmony Gold provides a stark warning for investors and metals traders banking on South Africa's platinum sector making a swift recovery from the crippling five-month strike that ended in June. The world's top three platinimum...
15th August 2014
 
 
PLATINUM

AMCU knocking on door at Northam’s Zondereinde platinum mine Video Available

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Northam CEO Paul Dunne The Association of Mineworkers and Construction Union (AMCU) is knocking on the recognition door at Northam Platinum’s Zondereinde mine, which escaped the five-month platinum strike, the longest in South Africa’s history. New Northam Platinum...
14th August 2014
 
 
PLATINUM

Atlatsa ups Q2 production as Bokoni ramp-up advances

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Emerging platinum miner Atlatsa’s Bokoni mines complex continues its upward operational trend, increasing production of platinum-group metals (PGMs) by 9% to 46 777 oz in the quarter ended June 30. It also lifted tons milled by 16%...
14th August 2014
 
 
 
 
 
 
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Over 200 mining-related land claims... Audio
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Platinum deficit will likely widen in... Audio