LONMIN PLC Mining News

Palladium rally offers lifeline to buoy South African miners

Record palladium prices and a weaker rand are lifting the gloom enveloping South Africa’s platinum industry.

Palladium prices still aren’t high enough: David Fickling

Platinum’s lesser-known cousin keeps going from strength to strength

Platinum's worst may soon be over despite record bearish bet

Platinum’s near the lowest in a decade and hedge funds have never been so bearish -- and that could be good news for prices.

PLATINUM WEEK-Sibanye CEO confident of Lonmin takeover despite cash burn

Key to closing the deal is Lonmin maintaining its net cash position and achieving certain production targets.

Battle to keep Lonmin platinum deal alive hinges on the rand

The strengthening rand, which squeezes profits for both producers, could make the transaction less attractive for Sibanye.

S. Africa campaigners jump all over Marikana killings report

They claim the official report on the police killing of 34 striking miners in 2012 is a "gross defamation" of those who died.

South African commission finds police to blame in Marikana deaths

The commission into the deaths at Lonmin's Marikana platinum mine in August 2012 concluded the plan to quell the massive protest was “defective,” and shouldn't have been executed as such.

Platinum sector strike in South Africa leads to first death

He was killed after police fired rubber and stun grenades bullets to disperse a crowd of protesters.

Platinum miners to strike in South Africa again

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

South African police planned shooting at Marikana mine — video

Footage shows a commander congratulating his officers for a well-executed plan.

Anglo Platinum mines halted by massive strike in S. Africa

Less than 20% of the company's miners showed up for work today.

Anglo American Platinum under attack on several fronts

After the world's largest platinum producer announced massive lay-offs and plans to scale back annual production by 350,000 ounces.

South African police 'lied over shootings' in Marikana mine

A commission of inquiry has evidence that shows police falsified or withheld documents and gave false accounts of events.

Amplats halves number of jobs to be axed

It will dismiss around 3,300 workers and redeploy another 1,600.

South Africa remembers those dead at Marikana mine

Sticks and umbrellas replaced machetes and spears.

Lonmin hires more security stuff as union votes for strike

Company said it will not tolerate further violence,

South Africa weighs peacekeeping force around mines

As the annual wage bargaining season begins, authorities fear the situation will get worse.

Miners strike at Lonmin mine in South Africa after worker shot dead

Today's death sparked fears of a repeat of last year’s violent unrest that left dozens of deaths and effectively shut down the country's platinum belt.

Families of miners killed at South Africa’s Marikana to sue police for millions

Each family is requesting around $2 million

Amplats lost almost 4,000 ounces of platinum production in one day due to strike

Workers returned to work Wednesday morning after a one-day strike, but company lost 3,886 ounces of platinum production.

Amplats hit hard by South Africa’s mining strikes, down to an annual loss

The negative figures come comes after a 2011 profit of more than $1 billion, which highlights the grim financial situation Amplats currently faces.

Amplats yields to pressure, delays overhaul

In a joint statement with the Department of Mineral Resources and unions, the miner has agreed to postpone any decision for 60 days.

Amplats in talks about decision on firing 14,000 workers and selling off mines

The world’s top platinum company is reportedly engaged in negotiations with union leaders and the government and it is expected to release a formal announcement on whether talks had succeeded in saving jobs later today.

Amplats shuts mines, axes 14,000 jobs and sends platinum prices skyrocketing

As part of a long-awaited review of its operations in South Africa, Anglo American Platinum (Amplats) has decided to close and sell off several of its mines, leaving over 14,000 workers unemployed.

South African miners better find business somewhere else: report

But companies do not need to go too far, say experts, as there are plenty of opportunities inside Africa.