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Jan 16, 2013

Striking Amplats miners agree to return to work

JOHANNESBURG (Reuters) – Anglo American Platinum (AMSJ.J: Quote, Profile, Research) (Amplats) miners will end an illegal walkout from Wednesday night and want talks to prevent further action against the world’s largest producer of the precious metal, a labour leader said.

Workers at three of Amplats’ South African mines went on a wildcat walkout from Tuesday’s overnight shift, hours after the company, a unit of London-listed Anglo American (AAL.L: Quote, Profile, Research), announced plans to mothball shafts and cut 14,000 jobs.

Jan 16, 2013

Workers down tools at South Africa’s Amplats

JOHANNESBURG (Reuters) – Workers at three of Anglo American Platinum’s (AMSJ.J: Quote, Profile, Research) South African mines went on an illegal strike on Wednesday, the day after the world’s top producer of the precious metal announced plans to mothball shafts and cut 14,000 jobs.

A spokeswoman for Amplats, a unit of London-listed Anglo American (AAL.L: Quote, Profile, Research), said an unspecified number of employees at its Khomanani, Thembelani and Tumela mines, in the heart of South Africa’s platinum belt, had refused to go underground.

Jan 16, 2013

Workers at South Africa’s Amplats down tools: labor leader

JOHANNESBURG (Reuters) – Miners at the Rustenburg operations of South Africa’s Anglo American Platinum refused to work overnight shifts in protest at company plans to close mines, a labor leader said on Wednesday.

“They didn’t go underground,” Evans Ramogka, an activist at an Amplats mine in Rustenburg, about 120km (70 miles) northwest of Johannesburg, told Reuters.

Jan 16, 2013

Workers at S.Africa’s Amplats down tools -labour leader

JOHANNESBURG, Jan 16 (Reuters) – Miners at the Rustenburg
operations of South Africa’s Anglo American Platinum
refused to work overnight shifts in protest at company plans to
close mines, a labour leader said on Wednesday.

“They didn’t go underground,” Evans Ramogka, an activist at
an Amplats mine in Rustenburg, about 120km (70 miles) northwest
of Johannesburg, told Reuters.

Jan 15, 2013

South Africa’s Amplats to shed mines and 14,000 jobs

JOHANNESBURG (Reuters) – Anglo American Platinum (AMSJ.J: Quote, Profile, Research, Stock Buzz), the world’s top platinum producer, said it will mothball two South African mines, sell another and cut 14,000 jobs in moves to restore profits that may provoke a repeat of last year’s strikes when about 50 people died.

In a long-awaited review announced on Tuesday that is seen as crucial to the flagging fortunes of Anglo American (AAL.L: Quote, Profile, Research, Stock Buzz), which owns about 80 percent of Amplats, the platinum producer said it aimed to cut output by around a fifth or 400,000 ounces.

Jan 10, 2013

Pain ahead as Anglo prepares to unveil South Africa platinum plan

RUSTENBURG, South Africa/LONDON, Jan 10 (Reuters) – Miner
Evans Ramokga has a warning for Anglo American
as the mining group prepares to unveil a revival plan for its
South African platinum business: don’t close any shafts.

“If one shaft closes, we stop all the shafts,” said Ramokga,
a winch operator at Anglo American Platinum (Amplats)
and AMCU union activist, sitting in a fast food restaurant in
the platinum belt city of Rustenburg.

Jan 7, 2013

Harmony may close Kusasalethu mine after death threats

JOHANNESBURG, Jan 7 (Reuters) – South Africa’s Harmony Gold
said its Kusasalethu mine remained closed and could be
shut permanently with the loss of around 6,000 jobs after
managers received death threats and police were shot at.

South Africa’s third-largest gold producer had said last
week it would delay the post-holiday restart of the mine 65 kms
(40 miles) west of Johannesburg as it was undertaking a review
of its financial and operational status.

Dec 27, 2012

Poachers make 2012 a deadly year for Africa’s rhinos, elephants

JOHANNESBURG (Reuters) – Africa’s biggest animals were poached in near record numbers in 2012, with surging demand for horn and ivory from Asia driving the slaughter of rhinos and elephants.

By mid-December, poachers had killed 633 rhinos in South Africa, according to environment ministry figures.

Dec 21, 2012

Underground protest ends at South Africa’s Harmony mine

JOHANNESBURG (Reuters) – A protest at one of Harmony Gold’s South African mines ended on Friday with the return to the surface of 1,700 workers who had stayed underground to complain about the suspension of colleagues.

“The mine will be closed for the festive season and labor related discussions will resume in January 2013,” the company said in a statement.

Dec 17, 2012

Zambia loses almost $9 bln in capital flight in past decade -U.S. watchdog

JOHANNESBURG, Dec 17 (Reuters) – Almost $9 billion was
illicitly siphoned out of Zambia, Africa’s top copper producer
over the last decade, according to a report by a U.S. anti-graft
watchdog, which highlights how resource wealth is often
squandered in the developing world.

The amount is almost half the size of Zambia’s current gross
domestic product and much of the money would have been channeled
to offshore banks and tax havens, draining one of the world’s
poorest countries of badly needed capital.

    • 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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