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PLATINUM

Strike-hit Northam Platinum slumps to first operating loss since 1998

JSE-listed platinum mining company Northam has recorded its first operating loss since 1998 after its Zondereinde mine was hit by an 11-week strike. The traditionally solid performer, headed by retiring CEO Glyn Lewis, slumped to a total...
21st February 2014
 
LABOUR

Strike ends as NUM, Northam ink two-year wage deal

Following the acceptance of a Northam Platinum wage offer by the National Union of Mineworkers (NUM) members on Friday, and the subsequent “cleaning up” of the agreement on Monday, the two parties on Tuesday signed a two-year wage deal that...
21st January 2014
 
LABOUR

NUM accepts Northam wage offer

The National Union of Mineworkers (NUM) on Friday accepted Northam Platinum’s revised wage offer, ending the 11-week strike at the platinum company’s Zondereinde mine, in Limpopo. The company’s two-year offer comprised a 9.5% wage increase...
17th January 2014
 
LABOUR

Implats says AMCU wage talks to resume in 2014

South Africa's Impala Platinum (Implats), the world's second largest producer of the precious metal, said wage talks with the Association of Mineworkers and Construction Union (AMCU) remained deadlocked after the two sides met on Thursday, and...
12th December 2013
 
Mining Services

SA electro-hydraulic actuators used in Africa

Since mid-2012, pneumatic and hydraulic equipment supplier Ernest Lowe has been providing a substantial number of its electro-hydraulic actuator (EHA) systems for numerous African mining projects in Namibia, Zimbabwe and Sierre Leone, reports...
15th November 2013
 
Deep Level Mining

Afrox receives R70m order for safety product

Gases and welding products manufacturer Afrox Self-Rescue Division has secured an order to deliver 26 500 units of AfroxPac 35i self-contained self-rescuers and accessories in a deal valued at R70-million, which will be supplied over the next five...
5th April 2013
 
PLATINUM

PIC increases shareholding in Northam to 18.9%

JSE-listed Northam Platinum reported on Wednesday that the Public Investment Corporation (PIC) has increased its shareholding in the company to 18.9%. The platinum producer also announced that black economic-empowerment (BEE) investor Afripalm...
5th September 2012
 
PLATINUM

Is decentralised bargaining roiling platinum industry?

During the apartheid era, black labour was more homogenous and unified. In the last 18 years, however, it has seen de-homogenisation and many new challenges to worker unity and thus probably need to adjust to facilitate more voices from organised...
31st August 2012
 
PLATINUM

Aquarius places another platinum mine on care and maintenance

Johannesburg- and London-listed Aquarius Platinum has placed its Everest mine, in Mpumalanga, on care and maintenance, as ramp-up challenges and the low platinum-group metals (PGMs) price environment render the mine uneconomic. The company, which...
21st June 2012
 
Northam Platinum

Company Announcement: Improved production at Zondereinde PDF Available

Northam’s improved results for the half-year emerged largely on the back of Zondereinde’s performance. Metals in concentrate produced at the company’s western limb operation were 27% higher at 4 592kg (147 636oz). The higher rand basket...
27th February 2012
 
WAGE DISPUTE

NUM declares dispute with Northam Platinum

he National Union of Mineworkers (NUM) on Tuesday declared a dispute with miner Northam Platinum, saying the JSE-listed company was reluctant to bargain. “The union has approached the company a number of times for bargaining purposes, but has...
12th July 2011
 
WAGE NEGOTIATIONS

NUM begins wage talks with Northam Platinum

The National Union of Mineworkers (NUM) is demanding a R1 000 across-the-board wage increase from platinum miner Northam and higher living out allowances, the union said on Tuesday. The NUM claims to represent about 7 000 of the company’s 8 000...
14th June 2011
 
 
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