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Workers hold sit-in at Twin Rivers mine
More than 100 miners at Two Rivers platinum mine staged a sit-in on Monday, the NUM said.
Platinum
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Strike costs Implats 50 000 platinum ounces
Impala Platinum said on Tuesday it lost 50 000 ounces during a pay strike at its mines.
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NUM says strike at Implats continues
A strike at Impala Platinum will continue and there is no scheduled meeting to resume negotiations between workers and the company.
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Implats workers eye wider strike action
SA’s biggest union said a strike at Impala Platinum’s biggest mine may spread to the entire company after wage talks broke down on Wednesday.
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Strike halts work at Implats mine
Impala Platinum said on Tuesday a strike by workers had halted its largest operation in South Africa.
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Northam Platinum profit down weaker prices, costs
Northam Platinum’s full-year profit was down on weaker platinum prices as well as steeper costs, the company said on Friday.
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Competition Tribunal approves Aquarius Platinum merger
The Competition Tribunal on Wednesday said it had approved the merger of Aquarius Platinum, Rustenburg Platinum Mines and First Platinum.
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Solidarity hits back at Lonmin job cuts
Solidarity on Tuesday hit back at Lonmin which earlier said it had reached "an agreement" with trade unions to retrench 4 000 employees.
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Mvela Resources restructures with view to delisting
Mvelaphanda Resources on Thursday announced plans that would see the company restructured with a view to delisting.
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Planned job cuts at 35 000
Planned retrenchments currently stood at 35 000 for all sectors of the domestic economy, trade union Solidarity said on Tuesday.
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Lonmin’s December sales sink
Lonmin, the world’s third-largest platinum producer, on Thursday reported platinum sales of 126 202 ounces in the quarter to end December 2008.
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Zimplats says survival under threat
Zimplats on Tuesday warned its survival was under threat and expected significant losses due to the fall of metals on the international market.
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SA gold production slides
SA gold production in October fell 14,4% year-on-year, Statistics South Africa announced on Tuesday.
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Miners weigh on JSE, eye US data
The JSE remained in the red by midday on Friday weighed by resources and gold stocks, which remained under pressure.
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JSE edges down on profit-taking
The JSE slipped into the red by noon on Friday as profit-taking set in by market participants looking to cover their shorts ahead of the weekend.
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WeSizwe seeks finance from Middle East, China for mine
WeSizwe Platinum has been scouting for financiers in the Middle East and China for its mine project after the freezing up of Western capital markets.
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Shutdown for Anglo Platinum in Polokwane
Anglo Platinum’s Polokwane smelter in Limpopo has been shut down for six weeks following a furnace run-out, a spokesperson said on Thursday.
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Implats closer to R21,2bn takeover
Impala Platinum’s (Implats) R21,2-billion bid for Mvelaphanda Resources and Northam Platinum has moved a step closer to formalisation.
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The world wants it — we’ve got it
South Africa has 85% of the world’s supply of a metal that is in ever-increasing demand
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Anglo ‘reviewing options’ on Zim mining project
Global mining giant Anglo American said on Wednesday it was "reviewing all options" surrounding a major project to produce platinum in Zimbabwe.
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Anglo to invest $400m in Zimbabwe
Anglo American is to make what is believed to be the largest foreign investment in Zimbabwe when it invests -million to build a platinum mine.
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JSE higher on miners and resources
As gold and platinum prices climbed on a weaker dollar, the JSE’s gold mining index and resources continued to lift the all-share index on Monday. By noon, the JSE’s all-share index was up 1,25% as the gold mining index progressed 2,1%. Resources rose 1,93% and the platinum mining index picked up 1,86%.
