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.
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.
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.
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.
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.
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.
JOHANNESBURG, Dec 12 (Reuters) – South Africa has launched a
fresh investigation into the 1986 plane crash on its territory
that killed Samora Machel, the president of neighboring
Mozambique who was a fierce opponent of the white apartheid
government at the time.
Speculation has long persisted that apartheid-era security
agencies brought the plane down to rid Pretoria of a hostile
neighbouring president. But previous probes into the crash in
rugged terrain near the border between the two countries have
failed to bring to light conclusive evidence of this.
GOMA, Democratic Republic of Congo (Reuters) – When Congo’s government army retreated in panic from the eastern city of Goma last month, many observers blamed the poor morale and leadership, ill discipline and corruption that have sapped its fighting capacity for years.
In the hours before Goma fell to M23 rebels on November 20, drunk and terrified Congolese soldiers roamed the streets or huddled in doorways before melting away, witnesses said.
GOMA, Democratic Republic of Congo, Dec 10 (Reuters) – When
Congo’s government army retreated in panic from the eastern city
of Goma last month, many observers blamed the poor morale and
leadership, ill discipline and corruption that have sapped its
fighting capacity for years.
In the hours before Goma fell to M23 rebels on Nov. 20,
drunk and terrified Congolese soldiers roamed the streets or
huddled in doorways before melting away, witnesses said.
GOMA, Democratic Republic of Congo, Dec 4 (Reuters) – A
decade after this Congolese border city was covered by lava
spewed from the nearby Mount Nyiragongo volcano, Goma resident
Barwani Bwashi has found use for the dark debris.
“It’s very useful,” he said as he pointed to a makeshift
metre-high wall built from the volcanic rubble that marks off
the small yard in front of his modest, one-window house.