South Africa’s top gold producer is said to be going ahead with plans to expand into the country’s platinum sector before the end of the year.
Sibanye Gold Mining News
The union leading the five-month strike in the platinum sector take any industrial action affecting gold producers.
What works well for gold may work for PGM, too.
A 52-week high.
Platinum belt already paralyzed.
Labour action would halt production at the world's top three platinum producers.
Amid rising electricity costs, Sibanye considers ditching state-run utility company.
Most unions sign agreement; AMCU holding out.
Workers for four of the seven companies affected by the labour action had accepted a new pay offer, believed to be about 8%
Shutdown in gold production costs the country more than US$34 million a day.
Gold sector workers to down tools from the nightshift of Sept. 3.
Lower bullion prices affecting rating of AngloGold Ashanti, Harmony Gold and Sibanye Gold.