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SA retrenchments could reach 35 000, platinum sector hardest hit 

By: Creamer Media Reporter Planned retrenchments in South Africa could grow to nearly 35 000, trade union Solidarity said on Tuesday. This follows an announcement by the world’s largest platinum producer, Anglo Platinum (Angloplat), that it planned on cutting about 10 000 jobs in the coming year, 6 000 of which would be... 

Aquarius’ Everest employees return to work

By: Matthew Hill A 1 300-worker strong illegal strike at Aquarius Platinum's Everest mine in Mpumalanga ended on Monday evening, leading to the total loss of 1 950 oz of platinum-group metals, the company said on Tuesday. The unrest began on Wednesday last week, and the Labour Court granted the miner an... 

Aquarius loses 1 300 oz after Everest workers downed tools

By: Matthew Hill An illegal strike at Aquarius Platinum’s Everest Mine continued to affect production on Monday, with the afternoon shift failing to go underground, a spokesperson said. The mine had already lost some 1 300 oz by Monday morning, after 1 300 workers began striking on Thursday. 

Aquarius' Everest, Marikana mines pass govt's safety audit

By: Christy van der Merwe The first mine audited under the newly instituted presidential safety audit, Aquarius Platinum's Everest mine, has passed the inspection. 

BEE-deal funds used to build brand new platinum mine

By: Ollie Madlala Black economic-empowerment (BEE) deals in South Africa's mining sector have largely centred on replacement capital, with one set of shareholders being replaced with a new set from previously-disadvantaged communities. And, in some cases, money that flows from such deals is even diverted outside... 


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R/€ = 13.08Change: 0.09
R/$ = 11.60Change: -0.02
Au 1283.00 $/ozChange: -2.95
Pt 1255.50 $/ozChange: -4.00