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.
The start of talks between representatives of the union, Amplats, Implats and Lonmin and the weaker rand have futher undermined investor confidence.
Talks aimed at resolving an Amcu strike on the platinum belt will resume on Monday and contine for three days.
Amcu members demanding a R12 500 minimum wage, have downed tools at Amplats, Implats and Lonmin mine in the North West.
Increased sales and a weak rand saw the world’s biggest platinum producer return to profit last year, it announced on Wednesday.
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.
The Association of Mineworkers and Construction Union has lowered its demand of R12 500 a month for workers at Impala Platinum, says the union.
Mining giant Anglo American Platinum said it was losing an average of 3 100 ounces of production a day since the beginning of a strike.
Amcu would be wary about handling the strikes against lay-offs at Anglo American Platinum because it may determine its validity as a union.
A man has been assaulted near Amplats mine, where hundreds of miners downed tools in an attempt to force the mine not to retrench 3 300 workers.
Workers of Anglo American Platinum, the world’s top platinum producer, will down tools after the company handed out 3 300 dismissal notices.
Around 2 000 mineworkers converged at an Anglo American Platinum mine over plans to cut 6 900 jobs amid unrest in the sector.
The bodies of two mineworkers trapped underground after a rockfall at Anglo American Platinum’s Bathopele mine in Rustenburg have been located.
Operations at Anglo American Platinum’s Thembelani mine are back to normal after a "group of employees" prevented workers from going above ground.
The Congress of South African Trade Unions has expressed outrage over Anglo American Platinum’s announcement that it will cut 6 000 jobs.
Anglo American Platinum has announced that it will cut 6 000 jobs at its SA operations, in a move that risks sparking a resurgence of labour unrest.
Former environment minister Valli Moosa has been appointed as the independent non-executive chairperson of Anglo American Platinum.
Anglo American Platinum workers in Rustenburg have returned to work after clashes and work stoppages.
Anglo American Platinum’s operations were shut after workers stayed away following violence caused by union tension, say a spokesperson and police.
At least five workers have been shot after security guards at an Anglo American Platinum mine near Rustenburg allegedly opened fire.
The jobs on the line in Anglo American’s plan to bring profits back to its SA operations are just the first of many the sector is about to bleed.
Anglo American Platinum outgoing head Cynthia Carroll has told the mining indaba delegation that South Africa was at a pivotal moment.
Anglo American Platinum miners have ended a wildcat walkout and want talks to prevent further action against the number one producer of the metal.
Anglo American Platinum’s plan to shed 14 000 jobs is a clear indication of the state’s inability to support economic growth, experts have warned.
Overnight workers at Anglo American Platinum’s Rustenburg operations refused to go underground to protest company plans to close mines.
A man died after he was hit by a rubber bullet during clashes between police and striking farmworkers in the Western Cape, said a police spokesperson.
Plans by Anglo American Platinum to cut 14 000 jobs has come as a shock to the government, said Mineral Resources Minister Susan Shabangu.
Anglo American Platinum says it has plans to break up its struggling Rustenburg operations into three mines and close some high-cost shafts.
Police used rubber bullets and teargas to disperse around 1 000 people at Amplats’ Rustenburg operation after a power sub-station was set alight.
Cosatu, during their protest march in Rustenburg, vowed that all dismissed Anglo American Platinum mineworkers would be reinstated.