JOHANNESBURG, Oct 3 (Reuters) – A spate of wildcat miners’
strikes spread to Africa’s top iron ore producer on Wednesday,
escalating the labour unrest that has become a major headache
for South African President Jacob Zuma.
The industrial action at Kumba Iron Ore, a unit of
global miner Anglo American, further dented investor
confidence in the continent’s wealthiest economy as it showed
the protests had moved beyond platinum and gold mines.
JOHANNESBURG, Oct 2 (Reuters) – South Africa’s fuel
suppliers are starting to feel the pinch as a strike by more
than 20,000 truck drivers enters its second week, with
deliveries to pumps delayed and stations running out of certain
types of fuel, an industry body said on Tuesday.
The walkout by drivers asking for higher wages has affected
40 percent of fuel tanker trucks, it said, adding to pressure on
Africa’s biggest economy from wildcat strikes by 75,000 miners
in the platinum and gold sectors.
RUSTENBURG, South Africa (Reuters) – South African miners on an illegal strike against the world’s top platinum producer defied management threats of dismissal on Friday, throwing down the gauntlet as another wildcat stoppage hit the country’s restive mining sector.
Anglo American Platinum (Amplats), the top producer of the white metal and a unit of global mining group Anglo American, said on Thursday it would begin disciplinary action against illegal strikers and could fire them.
JOHANNESBURG (Reuters) – Bad timing may defeat East Africa’s plan to become a major liquefied natural gas exporter if plants are delayed and the region is overtaken by a global gas glut.
A singleminded focus on LNG may also see Tanzania and Mozambique compromise on developing the region through gas-fired power stations and plants converting gas to fuel.
JOHANNESBURG (Reuters) – Striking South African miners at platinum group Lonmin cut wage demands in their six-week stoppage, while the top world producer of the precious metal, Amplats, was silent on Tuesday on whether it had been able to resume operations suspended in the unrest.
The government, mediators and mining companies have intensified efforts to resolve the mining sector troubles which have hit the rand currency, raised insurance against default on South African debt and spooked some foreign investors into selling shares in mining companies.
JOHANNESBURG (Reuters) – Two South African mines reopened on Monday after labor strife forced them to suspend operations last week, but striking miners vowed to keep operations run by world No. 1 platinum producer Anglo American Platinum (Amplats) shut.
Wage talks were set to resume in a bid to end a violent 5-week strike that has killed 45 people around the Marikana mine of platinum producer Lonmin, bringing its production to a halt and pushing up the price of the precious white metal.
JOHANNESBURG, Sept 13 (Reuters) – AIM-listed coal
development company Ncondezi Coal is looking for a
partner to build a coal-fired power plant in Mozambique to
supply the domestic and regional markets, its chief executive
officer said on Thursday.
The power plant, to be commissioned in 2017 and to be
located in Mozambique’s northern Tete province, would be built
in phases, initially ramping up to generate 600 MW by 2019.
JOHANNESBURG, Sept 12 (Reuters) – Construction of South
Africa’s 4,764 MW Medupi coal-fired power plant, meant to plug a
dire electricity shortfall, remained suspended following
protests at the site the previous week, state-owned utility
Eskom said on Wednesday.
Last week around 80 workers contracted by Murray & Roberts
(M&R) and Grinaker-LTA, part of construction group
Aveng, damaged some vehicles and equipment at the site
in an illegal protest over labour issues.
JOHANNESBURG, Sept 10 (Reuters) – South African
petrochemicals group Sasol Ltd plans to pursue its
natural gas-focused strategy through further acquisitions or by
partnering with other producers to convert their gas into fuel
or chemicals, a senior official said on Monday.
Sasol is the world’s top maker of motor fuels from coal, but
has increasingly been diversifying into chemicals, gas and
clean-energy projects, partly to align itself with wider moves
to low-carbon systems and to benefit from low gas prices.
JOHANNESBURG, Aug 1 (Reuters) – South Africa’s Exxaro
is looking to invest in platinum group metals or copper
to benefit from a favourable market and become a fully
diversified miner, a senior executive said on Wednesday.
Exxaro, which posted an 11 percent rise in first-half
earnings, has been on a push to diversify beyond its traditional
reliance on coal, mineral sands and its 20 percent stake in iron
ore miner Kumba Iron Ore.