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May 15, 2013

Lonmin’s South African platinum workers end strike

MARIKANA, South Africa (Reuters) – Workers at Lonmin’s South African platinum shafts were ending a walkout, the company said on Wednesday, easing fears that a two-day strike could ignite fresh labor violence in the continent’s largest economy.

Leaders of the Association of Mineworkers and Construction Union (AMCU) earlier told thousands of strikers at a rally to return to their posts, pending negotiations between the union and an independent mediator.

May 15, 2013

South African union urges Lonmin workers to end strike

MARIKANA, South Africa (Reuters) – The main union at Lonmin’s (LMI.L: Quote, Profile, Research, Stock Buzz) (LONJ.J: Quote, Profile, Research, Stock Buzz) South African platinum shafts told striking miners to return to work on Wednesday, potentially defusing a two-day wildcat action that had raised fears of a fresh wave of labor violence.

Leaders of the Association of Mineworkers and Construction Union (AMCU) told thousands of strikers at a rally to return to their posts, pending negotiations between the union and an independent mediator.

May 15, 2013

Lonmin’s South African platinum strike enters second day

MARIKANA, South Africa (Reuters) – Labor strife in South Africa’s platinum belt intensified on Wednesday as a wildcat strike across Lonmin’s shafts entered a second day, raising fears that further violence could hit the country’s credit rating.

Tensions have been running high over looming job cuts and wage talks in the sector, complicated by a turf war between rival unions that contributed to violent strikes at Lonmin and other platinum producers last year.

May 14, 2013

Lonmin South Africa workers strike, raise fears of mine unrest

JOHANNESBURG (Reuters) – South African workers of world No. 3 platinum producer Lonmin (LONJ.J: Quote, Profile, Research, Stock Buzz) (LMI.L: Quote, Profile, Research, Stock Buzz) launched a wildcat strike on Tuesday, halting all of the company’s mine operations and reigniting fears of deadly unrest that rocked the industry last year.

The platinum belt towns of Rustenburg and Marikana, which saw a bloody Lonmin strike last year, are a volatile flashpoint of labor strife and tensions are running high with job cuts and wage talks looming.

May 12, 2013

Union organizer shot dead in South Africa’s restive platinum belt

JOHANNESBURG (Reuters) – A militant South African union said on Sunday that one of its organizers had been shot dead in the platinum belt city of Rustenburg, a potential flashpoint at a time when tensions are running high with job cuts and wage talks looming.

The Association of Mineworkers and Construction Union (AMCU), which poached tens of thousands of disgruntled workers last year from the dominant National Union of Mineworkers (NUM), said the unnamed organizer had been killed on Saturday.

May 12, 2013

Union organiser shot dead in S.Africa’s restive platinum belt

JOHANNESBURG, May 12 (Reuters) – A militant South African
union said on Sunday that one of its organisers had been shot
dead in the platinum belt city of Rustenburg, a potential
flashpoint at a time when tensions are running high with job
cuts and wage talks looming.

The Association of Mineworkers and Construction Union
(AMCU), which poached tens of thousands of disgruntled workers
last year from the dominant National Union of Mineworkers (NUM),
said the unnamed organiser had been killed on Saturday.

May 8, 2013

Tensions high as Amplats to unveil S.Africa job cuts plan

JOHANNESBURG (Reuters) – Anglo American’s platinum arm, under pressure from South Africa’s government, could announce a restructuring plan as early as Thursday that will sharply scale back job losses as it tries to balance out cost cuts and the threat of labor unrest.

Anglo American Platinum had planned to slash 14,000 jobs and mothball two mines to pull back to profit but industry sources have told Reuters that the final plan would be pared back, with as few as 5,000 jobs cut.

May 8, 2013

South Africa’s main mine union to launch youth wing as numbers fall

JOHANNESBURG (Reuters) – South Africa’s dominant mineworkers union will launch a youth wing on Thursday in a bid to shore up its numbers after it lost tens of thousands of members to a militant rival last year on the country’s platinum belt.

The National Union of Mineworkers (NUM), which says it has around 300,000 members or about 60 percent of the mine workforce in the world’s top platinum producer, is a key political ally of the ruling African National Congress (ANC).

May 3, 2013

S.Africa stocks lifted by U.S. jobs data, Harmony slides

JOHANNESBURG, May 3 (Reuters) – South African stocks climbed
to one-month closing highs on Friday, boosted by global peers
and upbeat U.S. jobs data, but the country’s No. 3 bullion
producer Harmony Gold fell sharply after posting a
loss.

The benchmark Top-40 index gained 1.75 percent to
34,963.97, its highest close since early April. The broader
All-Share index added 1.3 percent to 39,592.28, also a
one-month closing high.

Apr 29, 2013

S.Africa’s wounded NUM seeks big pay hikes from mining companies

JOHANNESBURG, April 29 (Reuters) – South Africa’s National
Union of Mineworkers, which has lost tens of thousands of
members in the past year to a militant rival, will demand
double-digit pay hikes in wage talks this year that companies
have said they can ill afford.

Wage talks across South Africa’s mining sector begin in May
and could be among the toughest ever with strikes a certainty
given inflation, growing worker militancy and shrinking company
margins as commodity prices fall.

    • 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
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