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Northam Platinum halts production at ‘tense’ Zondereinde

By: Natalie Greve Northam Platinum has suspended operations at its strike-hit Zondereinde mine, in Limpopo, in a bid to “secure the safety and security of employees and company assets”, the company said on Friday. “This decision has been taken amidst rising tension at the mine, owing to incidents of intimidation,... 

Capital-raise puts novel underpin on Northam Platinum’s funded R6.6bn BEE deal

By: Martin Creamer Platinum mining company Northam on Wednesday concluded a fully funded ten-year R6.6-billion black economic-empowerment (BEE) equity transaction underpinned by a R4.6-billion capital raising, which has the potential to position the JSE-listed company as a fully integrated, fully empowered South... 

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

By: Martin Creamer 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 comprehensive loss of R92.7-million for the six months to... 

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

By: Natalie Greve 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 ended an almost three-month wage deadlock. The NUM... 

NUM accepts Northam wage offer

By: Leandi Kolver 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 for core, and a 8.5% increase for noncore catergory 2 to... 

Implats says AMCU wage talks to resume in 2014

By: Reuters 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 negotiations would resume in 2014. Company spokesman... 

SA electro-hydraulic actuators used in Africa

By: Ilan Solomons 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 design and project engineer Adam Brown. In June 2011,... 

Afrox receives R70m order for safety product

By: Zandile Mavuso 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 months. 

PIC increases shareholding in Northam to 18.9%

By: Natasha Odendaal 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 Resources subsidiary Newshelf sold its 37.2-million... 

Is decentralised bargaining roiling platinum industry?

By: Martin Creamer 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 labour. 

Aquarius places another platinum mine on care and maintenance

By: Natasha Odendaal 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 now had three of its seven operations under care... 

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