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Daily podcast – September 7, 2009
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7th September 2009
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This podcast is brought to you by Speedspace.

Monday, September 7, 2009.

From Creamer Media in Johannesburg, I'm Shannon O'Donnell.

Making headlines today:

On Monday, South African platinum-miner Aquarius Platinum said that it had experienced some delays in the engagement process with new staff at its Kroondal and Marikana operations, where 3 900 workers were dismissed following illegal strike action.

The company previously said that it would loose about 15 000 ounces of production during the downtown. However, it now indicated that the labour issues could cost it up to 20 000 ounces of platinum group metals.

Aquarius explained that the delays were as a result of some former employees continuing with illegal action, including intimidating employees who wished to be re-engaged.


A group of miners and prospectors want to develop an independent iron ore export terminal at Australia's Port Hedland, where BHP Billiton has long been the dominant operator.

The terminal could be operational by 2013 and handle up to 50-million tons of iron-ore a year. This would be more than a third of last year's total exports from Port Hedland.

The port's trade by tonnage is 97% iron-ore, with the balance comprising salt, petroleum products, general cargo, livestock and acid.

Sources with knowledge of the situation said that the miners, which are operating under the North West Iron Ore Alliance, also want the Western Australian state government to persuade BHP into sharing rail haulage lines to Port Hedland.


Also making headlines:

Striking South African miners attack union leaders over a wage dispute.
Uranium junior Forsys Metals may consider reopening discussions with George Forrest International.
Global miner Rio Tinto ceases iron-ore price talks with Chinese customers.
And, South African gold company Gold Fields has sold its shareholding in Canada's Eldorado Gold for 323-million-Canadian-dollars.

That's a round up of news making headlines today. For more on these and other stories please visit miningweekly.com.

 

Edited by: Shannon de Ryhove

 

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