With no end in sight for Amcu’s strike in the platinum sector, an analyst has predicted producers will "implement extreme measures" to break protests.
Amcu says it will continue to strike until it gets a deal that includes a way towards its demand of R12 500, despite mining firms’ losses complaints.
Platinum companies have claimed to be in touch with employees who want to come back to work but fear being killed by protesters if they do.
The ongoing mineworkers’ strike in the platinum belt has reached a stage where the financial impact is becoming irreversible, say mining heads.
Mines Minister Walter Chidhakwa says he is holding "interesting discussions" with Impala Platinum about building a base-metal refinery in Zimbabwe.
Talks aimed at ending a six-week platinum miners’ strike has fallen apart after producers rejected a revised wage demand.
In the first sign of compromise by the union during wage strikes this year, Amcu has revised its demand. But firms say it is still too high.
Attitudes of platinum producers and the majority union continue to harden as the strike enters it 6th week.
Impala Platinum Holdings and the NUM has acknowledged claims about the formation of a new mining labour union in the platinum belt in Rustenburg.
The second biggest platinum producer is reporting good earnings despite a wage strike entering its sixth week.
The CCMA has met the platinum producers’ mediators in talks aimed at ending Amcu’s strike at three platinum mining companies.
Amcu’s refusal to revise its wage demands reflect little regard for potential job losses, says platinum producers.
Platinum miners would rather endure the "short-term pain" of losing millions each day than give up ground on a wage settlement.
The head of Anglo Platinum – the world’s largest platinum producer – has earned R17.6-million while the company struggles with wage negotiations.
Wage negotiations and a mediation process, aimed at resolving the Amcu strike at Lonmin, Anglo American and Impala Platinum, is expected to resume.
Wage negotiations between major platinum producers and Amcu collapsed last week but are expected to begin again on Tuesday as the strike continues.
Negotiations between the world’s three largest platinum producers and the majority union have stalled as protest actions ensue in the North West.
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.
The mineworkers’ union is back at the table with platinum producers in an attempt to end the now two-week mineworker strike.
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.
Striking workers at Rustenburg platinum mines have gathered for a CCMA results briefing, says the Association of Mineworkers and Construction Union.
Striking mine workers retaliated to being sprayed with water cannons by pelting security officials at the Khuseleka mine in Rustenburg with stones.
Amcu members demanding a R12 500 minimum wage, have downed tools at Amplats, Implats and Lonmin mine in the North West.
Five Amcu shop stewards want to meet with president Joseph Mathunjwa to discuss his allegations of corruption.
Having been compelled to submit plans to construct base-metal refineries in Zimbabwe, platinum producers have filed their response to government.
At least 70 000 Amcu members plan to down tools at the country’s biggest platinum mines on Thursday.
A Bill, which must first gain parliamentary approval before being signed into law, has proposed levies on mining companies.
The biggest union in the platinum sector can now strike with a 48-hour notice after rejecting a pay increase offer from the platinum giant.
As the former majority union, the NUM now falls very short of representing enough works to allow it organisational rights at the platinum mine.
According to Nomura International, platinum companies in South Africa, are at risk of losing thousands of jobs as more mines operate at a loss.
Implats has taken "legal advice" to protect its rights.