Anglo Platinum has suspended Rustenburg operations as intimidation of workers continues unabated.
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As security guards use tear gas at a Gauteng gold mine, Anglo American Platinum says it will halt production because of threats to its workers.
The figures show that striking platinum workers earn far more than they have told journalists.
Platinum producer AngloPlatinum has improved its wage offer during talks with the National Union of Mineworkers last week.
Samwu and the NUM are continuing their strikes against their employers, leaving services, electricity supply and mining output in the lurch.
Anglo American Platinum’s indigenisation proposal hasn’t received a rejection notice from the Zimbabwean government, the company has said.
Anglo Platinum, the world’s top producer of the precious metal, said on Monday that first-half headline earnings are expected to increase slightly.
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/ 24 January 2011
Anglo Platinum, the world’s top platinum producer, on Monday halted operations at its Thembelani mine after a worker died in an accident.
Anglo Platinum reported a six-fold increase in first-half profit on Monday, helped by higher metal prices.
Cynthia Carroll, chief executive of Anglo American, will become chairperson of Anglo Platinum with effect from September 1 2010.
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/ 24 November 2009
Solidarity will attempt to limit job losses at Anglo Platinum’s Rustenburg operations, the trade union said on Monday.
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/ 14 September 2009
The National Union of Mineworkers on Monday said its members at Anglo Platinum had agreed to a one-year wage deal, averting a possible strike.
Anglo Platinum said on Monday its earnings per share tumbled on lower prices for the metal.
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/ 20 February 2009
Anglo American scrapped its 2008 final dividend on Friday to conserve cash and said it will cut 19Â 000 jobs.
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/ 10 February 2009
Planned retrenchments currently stood at 35 000 for all sectors of the domestic economy, trade union Solidarity said on Tuesday.
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/ 10 February 2009
South Africa expects the metal price downturn to get worse and affect the economy further through capital flight and job losses.
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/ 9 February 2009
Anglo Platinum said on Monday that it would shed 10 000 jobs this year to cope with lower prices and sagging demand.
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/ 9 February 2009
Anglo Platinum, the world’s biggest platinum producer, reported higher headline earnings but flagged up cost pressures as it axed its final dividend.
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/ 16 January 2009
Job losses will be widespread as mining companies restructure in view of weaker demand and lower resource prices, a consultancy said on Friday.
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/ 18 November 2008
SA should see a ”modest” rise in platinum output in 2009 after a decline this year, but long-term mine expansions will be restricted by power supply.
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/ 6 November 2008
Anglo Platinum’s Polokwane smelter in Limpopo has been shut down for six weeks following a furnace run-out, a spokesperson said on Thursday.
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/ 23 September 2008
Top gold and precious-metals producer South Africa is wrestling with mounting mine deaths, putting the heat on mining firms to end the carnage.
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/ 15 September 2008
A mineworker died at Anglo Platinum’s Amandebult mine in the early hours of Monday morning, the National Union of Mineworkers said.
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/ 4 September 2008
Water tests have raised questions over accusations made against Anglo Platinum that it was polluting the drinking water of two communities.
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/ 2 September 2008
Anglo Platinum, the world’s largest producer of platinum, on Tuesday named Bongani Nqwababa as its new CFO, replacing Norman Mbazima.
A shaft at Anglo Platinum’s second-biggest mine remained shut a week after a worker died, and the mine said it was in talks with authorities.
Mining in Rustenburg does not just bring wealth. With the influx of people, it has added to the massive strain on the region’s resources.
South African stocks remained lower at noon on Friday as the mining sector continued to take a pounding on weaker commodity prices. At 12.02pm, the all-share index was down 1,03%. Resources fell 2,15%, while the gold and platinum mining indices lost 1,37% and 0,65% respectively.
South African stocks were lower at midday on Tuesday, pressured by below-forecast gross domestic product (GDP) data, which showed that the quarterly economic growth rate slowed to 2,1%, traders said. At 12.02pm, the all-share index was down 0,71%. Resources fell 1,01%, while the gold- and platinum-mining indices were off 0,42% and 0,72% respectively.
The JSE extended losses at midday on Friday as profit taking-induced selling on resources offset modest gains among banks and financials, traders said. At 12.03pm, the JSE’s all-share index was down 1,24%, weighed by a 1,75% drop in resources. The gold mining index was off 0.18% but the platinum mining index added 0,17%.
South African stocks were slightly lower at midday on Wednesday, but off the worst levels as commodity stocks posted modest gains on higher prices. At 11.58am, the JSE’s all-share index was down 0,13%. Resources were up 0,23%, the gold mining index was fairly flat at +0,03%, but the platinum mining index lost 0,47%.
South African stocks continued to run in record territory at midday on Monday, buoyed by miners on firmer metal prices while an upbeat mood in overseas markets added to the bullish tone. The market touched 33 116,051 during the session, an all-time high.