The M&G takes a look back at the share price crashes, the historic leadership changes and the surprising appointments
Mining windfall helped SA’s financial position, but lower revenues and additional spending will delay the end of fiscal consolidation
Platinum mining companies forecast a deficit in demand for the metal over the next few years
The announcement comes just weeks after competitor Northam inked a deal to acquire up to 33.3% of Royal Bafokeng Platinum
The investment company has insulated its shareholders against the resource’s price swings while looking towards a more sustainable future
The miners are in a comfortable position as the world creeps towards a lower-carbon future
On Monday, Mcebisi Jonas became an non-executive director for Northam Platinum and investment management company Sygnia
Northam Platinum has done “fantastically” compared with other platinum mines.
The platinum miner seeks to up its production in expectation of a deficit on platinum supply from 2018 onward.
Meetings have resumed between Amcu and major platinum mines, but analysts are divided about whether an end to the three-month strike is in sight.
The strike-hit miner has fallen out of favour with Investec Assest Management but Coronation Fund Managers like the prospects of the platinunm sector.
At least 70 000 Amcu members plan to down tools at the country’s biggest platinum mines on Thursday.
The NUM has rejected a 0.5% increase in Northam Platinum’s wage offer, says the union.
The NUM is battling for survival – and its leaders are deferring to their members’ expectations.
NUM members from Northam Platinum have marched to their employer’s offices demanding better wages and the resignation of CEO Glyn Lewis.
The company has issued a letter warning workers and the union it may have to cut jobs as it continues to lose millions to industrial action each day.
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.
The wage strike at Northam Platinum in Limpopo continues after workers rejected a revised offer, says the National Union of Mineworkers.
Members of the NUM are set to march to Northam Platinum in Limpopo to hand over a memorandum of grievances to management, says the union.
Following strikes over the weekend, the National Union of Mineworkers says it will meet to discuss a revised wage offer tabled by Northam mine.
Over 7 000 NUM members representing approximately 80% of the workers at the Northam platinum mine have gone on strike, says the union.
Workers affiliated to the National Union of Mineworkers are demanding salary increases of up to R2100.
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/ 10 January 2011
Northam Platinum announced Monday that an employee died in a tramming accident on Sunday morning.
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/ 18 October 2010
The NUM said on Monday striking workers at Northam Platinum are expected to return to work on Tuesday following a revised pay rise offer.
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/ 15 September 2010
The National Union of Mineworkers said on Wednesday that Northam Platinum had marginally raised its pay offer to end a strike.
More than 5 000 workers at South Africa’s Northam Platinum went on a one-day strike on Thursday in a protest over the deaths of two miners.
Two miners died at Northam Platinum’s Zondereinde mine near Thabazimbi, the National Union of Mineworkers (NUM) said on Wednesday.
Northam Platinum said on Thursday it would start construction on a big new platinum mine by early 2010.
Northam Platinum’s full-year profit was down on weaker platinum prices as well as steeper costs, the company said on Friday.
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/ 19 February 2009
Mvelaphanda Resources on Thursday announced plans that would see the company restructured with a view to delisting.
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/ 21 October 2008
Impala Platinum’s (Implats) R21,2-billion bid for Mvelaphanda Resources and Northam Platinum has moved a step closer to formalisation.
Shares in Impala Platinum fell more than 3% on Friday after it unveiled plans to buy Mvelaphanda Resources and Northam Platinum for R22-billion.