Northam eager to tie up BEE buyout
Northam Platinum has accelerated its buyout of its BEE partner Zambezi Platinum, in a proactive plan to mitigate potential losses.
Northam Platinum has accelerated its buyout of its BEE partner Zambezi Platinum, in a proactive plan to mitigate potential losses.
AMCU demanded wage increases of as much as 48% from platinum producers in the worldâs top supplier of the metal, setting the stage for a tough fight in upcoming pay talks.
A plan to build Zimbabweâs biggest platinum mine at a cost of about $4bn is floundering because a military stake in the project has deterred potential backers.
When the worldâs biggest platinum miners sit down with labour unions this month to negotiate a three-year wage deal, it could prove an early test of Cyril Ramaphosaâs new presidency in South Africa.
South Africaâs Labour Department said it intends to deregister one of the countryâs biggest and most aggressive mining unions, just weeks before crucial platinum-industry wage talks are expected to begin.
Implats delivered a strong safety and operational performance for the halfâyear ended 31 December 2018 and returned to profitability and cash generation.
Mohahu Daniel Maseko was shot dead, riddled with 5 bullets and comrade Kwenene was attacked by two (2) assassins.
The biggest union in South Africaâs platinum industry started a strike at a platinum mine Sibanye Gold bought last month over transport, bonuses and safety pay.
South Africaâs AMCU agreed to a wage increase with Sibanye Gold, avoiding a planned strike at the countryâs largest producer of bullion.
Implats’ caution over prices comes as the worldâs top platinum miners saw their earnings squeezed by an almost 50% plunge in prices in the past 5 years.