The drawn out labour action in the platinum sector has been costing the mining companies while police continue to quell protests in the North West.
While continued strikes in the platinum belt are costing the mines, the toll on the country is in fact higher says the Chamber of Mines.
Government-led talks between major platinum mines and dominant union Amcu have resumed in Pretoria as the strike enters its third day.
Eskom, which produces 95% of South Africa’s electricity, will look to sell more debt as its projects to build more capacity remain on schedule.
At least 70 000 Amcu members plan to down tools at the country’s biggest platinum mines on Thursday.
Mining union Amcu will meet with its members this week to decide whether to down tools at Anglo, Implats and Lonmin mines.
Tight supply aggravated by drought in the North West is causing local maize prices to rise to import parity.
Gold’s decline has resulted in thousands of job losses and closed mines like Blyvoorzicht, which has left behind miners who can only cling to hope.
The gold mining company is seeking Wits Gold’s operations to extend the life of its nearby Beatrix mine and unlock value.
Global metals producer Glencore Xstrata is set to draw strong demand for its stock from South African investors, says Investec Asset Management.