Senior Correspondent
Ed's Feed
Jan 24, 2014

Striking South African miners open talks with platinum firms

RUSTENBURG, South Africa (Reuters) – South Africa’s main platinum union started government-brokered talks with the world’s top three platinum companies on Friday to end a wage strike that risked turning violent.

As many as 100,000 members of the Association of Mineworkers and Construction Union (AMCU) walked out at Anglo American Platinum, Impala Platinum and Lonmin on Thursday, hitting more than half of world platinum production.

Jan 23, 2014

South African strike hits world’s top platinum producers

RUSTENBURG, South Africa (Reuters) – South Africa’s hardline Association of Mineworkers and Construction Union (AMCU) began a strike over pay in the platinum sector on Thursday, bringing mines that produce half the world’s platinum to a standstill.

Members of AMCU, the platinum sector’s main union, downed tools at Anglo American Platinum (AMSJ.J: Quote, Profile, Research, Stock Buzz), Impala Platinum (IMPJ.J: Quote, Profile, Research, Stock Buzz) and Lonmin (LMI.L: Quote, Profile, Research, Stock Buzz), the top three producers of the metal used in emissions-capping catalytic converters in cars.

Jan 23, 2014

World’s top platinum producers to be hit by South African strike

RUSTENBURG, South Africa, Jan 23 (Reuters) – Half of world
platinum production is set to grind to a halt on Thursday as
South Africa’s hardline Association of Mineworkers and
Construction Union (AMCU) vowed to press ahead with a strike
over pay under the battle cry of a “living wage”.

AMCU, the platinum industry’s main trade union, plans to
strike from Thursday at Implats, Anglo American Platinum
and Lonmin, the top three producers of the
metal used in emissions-capping catalytic converters in cars.

Jan 22, 2014

South Africa’s Implats shuts mines ahead of platinum strike

JOHANNESBURG (Reuters) – South Africa’s Impala Platinum (IMPJ.J: Quote, Profile, Research, Stock Buzz) shut its Rustenburg operations on Wednesday a day before a planned strike over wages across the country’s platinum belt by the hardline Association of Mineworkers and Construction union (AMCU).

AMCU, the platinum industry’s main trade union, plans to strike from Thursday at Implats, Anglo American Platinum (AMSJ.J: Quote, Profile, Research, Stock Buzz) and Lonmin (LMI.L: Quote, Profile, Research, Stock Buzz), the top three producers of the metal used in emissions-capping catalytic converters in cars.

Jan 22, 2014

Amplats says back in profit, but South Africa strikes loom

JOHANNESBURG, Jan 22 (Reuters) – Anglo American Platinum
(Amplats) swung back into profit in 2013 as it
rebounded from a wave of wildcat strikes but its recovery is
threatened by looming strikes across South Africa’s platinum
belt.

Maintaining profit margins will be tough if the hardline
Association of Mineworkers and Construction Union (AMCU) goes
ahead with its planned industrial action on Thursday at Amplats
and rivals Impala Platinum and Lonmin.

Jan 21, 2014

Platinum bosses say “unrealistic” demands behind S.Africa strike

JOHANNESBURG, Jan 21 (Reuters) – Bosses of the world’s top
three platinum producers accused South Africa’s AMCU union of
making “unaffordable and unrealistic” demands on Tuesday ahead
of a strike this week which could hit over half of global output
of the precious metal.

The chief executives of Anglo American Platinum,
Impala Platinum and Lonmin made the dramatic
warning as signs of some divisions emerged in the hardline
Association of Mineworkers and Construction Union, which has
called the stoppage for Thursday.

Jan 21, 2014

Splits in AMCU union ahead of South Africa platinum strike

JOHANNESBURG, Jan 21 (Reuters) – Dissidents in South
Africa’s AMCU union are forming a rival to the militant labour
group, accusing its leadership of recklessly pursuing a damaging
strike in the country’s platinum sector which many miners do not
want and cannot afford.

The stakes are high as the Association of Mineworkers and
Construction Union plans to strike on Thursday over wages at the
world’s top three producers in a showdown between companies
battling to maintain margins and workers struggling to feed
their families.

Jan 19, 2014

South Africa’s AMCU union to strike at world’s top platinum producers

RUSTENBURG, South Africa (Reuters) – The main trade union for South African platinum miners will strike next week at the world’s top three producers, hitting over half of global output and the margins of companies struggling to make profits.

A simultaneous stoppage at the three producers would hit a key South African export at a time when the rand currency is near five-year lows, and deal a fresh blow to investor confidence in Africa’s biggest economy.

Jan 17, 2014

More than 1,000 rhinos poached in South Africa last year – Government

JOHANNESBURG (Reuters) – More than 1,000 rhinos were poached for their horns in South Africa in 2013, a record number and an increase of over 50 percent from the previous year, the country’s department of environmental affairs said on Friday.

Rhino hunting is driven by soaring demand in newly affluent Asian countries such as Vietnam and China, where the animal’s horns are prized as a key ingredient in traditional medicine.

Jan 15, 2014

S.Africa’s AMCU union threatens platinum sector strike

JOHANNESBURG, Jan 15 (Reuters) – South Africa’s Association
of Mineworkers and Construction Union (AMCU) said on Wednesday
it would call a strike in the platinum industry if its members
backed such action.

AMCU members have voted in favour of a stoppage at Impala
Platinum over wages, and the union will canvas its rank
and file this week at Anglo American Platinum and
Lonmin.

    • About Ed

      "I cover commodities in southerrn Africa, a region that I have returned to after spending over four years covering religion, politics and the Great Recession in America. I am a Canadian citizen and grew up in Nova Scotia."
      Joined Reuters:
      1995
    • Follow Ed