Impala Platinum Holdings Mining News

South Africa replaces mining minister on eve of massive job cuts

Given that ousted minister Ramatlhodi is considered the main person that helped end a five-month strike in the country’s platinum sector last year, Zuma's decision is being questioned.

Zimbabwe platinum export tax shelved for now

The country had introduced the levy on raw platinum exports in January, aiming to encourage local processing of the metal.

Anglo American mulls sale of more coal mines in Australia

The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.

Cutifani says tough decisions needed to restore credibility

Anglo's chief warned the company plans to take severe measures over the next two years.

Anglo American chief not going for any major corporate split

A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.

Anglo American platinum production down 40% after S. Africa strike

Output from the rest of Anglo's diversified mining assets rose, but it wasn't enough to offset underperformance at its platinum mines.

Amplats expects severely lower profits after five-month strike

The firm warned first-half profit may drop as much as 96%.

South African metal workers 'to escalate' strike

The National Union of Metalworkers in South Africa (NUMSA) has rejected the latest offer because it didn't include a double-digit wage increase for all three years.

Anglo American goes ahead and puts platinum mines, other assets up for sale

The firm is offloading some of its historic South African platinum mines as part of a $4bn sale of under-performing assets.

South Africa’s platinum miners to resume working

The three-year agreement ends the country's longest and costliest strike.

South African court rules gold miners not allowed to strike

The union leading the five-month strike in the platinum sector take any industrial action affecting gold producers.

Anglo to sell platinum mines in South Africa next year— report

Deutsche Bank has put a $1.4 billion price tag on the operations.

South Africa teeters towards recession on labour dispute

The latest attempt to end South Africa’s 21-week platinum strike has failed, pushing the country towards a recession and increasing the odds the sector will be smaller and more mechanized when it eventually resumes operations.

Lonmin profit hurt by platinum strike, two workers reportedly killed

The the world’s third-largest platinum producer said first-half operating earnings have dropped by almost two-thirds.

Anglo gives fresh signs it wants to offload platinum mines

CEO Mark Cutifani said the Rustenburg operations were no longer considered one of the company’s core assets.

Anglo American considers closing platinum mines in South Africa

The now three-month strike over pay in the country's platinum belt has forced Amplats to declare a force majeure on a long list of suppliers.

Lonmin management told to take leave as platinum strike goes on

Earlier this month the company said it would not hit its sales guidance of 750,000 ounces of platinum annually, as it has already lost 90,000 ounces since the strike began.

South Africa platinum strike damage irreversible, losses close to $1bn

Platinum miners said the financial cost of the strike doesn’t really tell the full story, as the real victims are those suffering from hunger, lack of businesses and increased violence on the streets.

South Africa platinum talks to end 6-week strike break down

Tuesday’s apparent softening of the union position was not enough to keep negotiations open.

South African platinum miners review wage demands, will march in Pretoria as strike, talks, go on

They still want monthly entry wages to start at US$1,200, more than double current levels.

Amplats to slash 1,400 jobs, warns fresh strike could lead to more

Despite the miner returned to profitability last year, it is now facing a strike at its processing plants.

Gold strike in South Africa on hold pending court ruling

Platinum belt already paralyzed.

Mining strikes coming to S. Africa may cause permanent damage to industry

Labour action would halt production at the world's top three platinum producers.

Platinum miners to strike in South Africa again

Impala Platinum Holdings Ltd. (Implats) and Anglo American Platinum (Amplats) operations to be affected.

Mugabe stirs nationalist fervor, pushes forward with indigenisation

Policy of 51% local-owned companies gaining strength.