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Oct 3, 2012

S.Africa strike spreads to iron ore mine

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.

Oct 2, 2012

Amplats says security worsens at its South Africa mines

CARLTONVILLE, South Africa (Reuters) – Anglo American Platinum warned on Tuesday that security had worsened at its strike-hit South African mines as several thousand gold miners rallied over pay in the dispute-plagued industry.

As many as 75,000 miners, or 15 percent of the South African mining sector’s total workforce, are on wildcat strikes, threatening already shaky growth of Africa’s biggest economy.

Oct 2, 2012

South Africa Gold Fields strikers occupy hill near Johannesburg

CARLTONVILLE, South Africa (Reuters) – Two thousand striking miners evicted from company housing at a Gold Fields mine in South Africa occupied a nearby hill on Tuesday in scenes disturbingly reminiscent of the build-up to a mass police shooting at a platinum mine in August.

The protesting workers at Gold Fields’ KDC West mine, 50 kms (30 miles) west of Johannesburg, said they would not leave the rocky outcrop near the mine entrance until they received a hefty pay increase to 12,500 rand ($1,500) a month.

Oct 2, 2012

S. Africa Gold Fields strikers occupy hill near Jo’burg

CARLTONVILLE, South Africa, Oct 2 (Reuters) – Two thousand
striking miners evicted from company housing at a Gold Fields
mine in South Africa occupied a nearby hill on Tuesday
in scenes disturbingly reminiscent of the build-up to a mass
police shooting at a platinum mine in August.

The protesting workers at Gold Fields’ KDC West mine, 50 kms
(30 miles) west of Johannesburg, said they would not leave the
rocky outcrop near the mine entrance until they received a hefty
pay increase to 12,500 rand ($1,500) a month.

Oct 1, 2012

S.Africa mine bosses talk tough with strikers

JOHANNESBURG, Oct 1 (Reuters) – Top global platinum producer
Anglo American Platinum (Amplats) said on Monday it
would fire all strikers who did not attend disciplinary hearings
the following day as an illegal strike continued at 4 of its
South African mines.

With no end in sight to a spate of wildcat strikes in South
Africa, AngloGold Ashanti warned that an illegal
stoppage could lead to cuts in its operations there and said it
might also have to fire workers.

Oct 1, 2012

Anglo American to face S.Africa silicosis hearing

JOHANNESBURG, Oct 1 (Reuters) – Anglo American Plc’s
South African unit will face a hearing next year to determine if
it is liable for miners who contracted lung disease silicosis
while working in the company’s gold shafts, lawyers for the
plaintiffs said on Monday.

Anglo American no longer has gold assets in South Africa,
but the proceedings, initiated by 18 plaintiffs, have been
launched on the grounds that miners contracted the debilitating
disease when the company still ran bullion mines.

Sep 28, 2012

Implats says pay hikes aimed at ensuring peace

JOHANNESBURG, Sept 28 (Reuters) – World no. 2 platinum
producer Impala Platinum said on
Friday pay hikes it had offered to avert a strike were aimed at
ensuring peace against the backdrop of a wave of violence and
wildcat action rocking South Africa’s mining sector.

“The overriding imperative … should be to ensure peace,
stability and order and in so doing create an environment for
safe production. The wage adjustment supports this imperative,”
chief executive Terence Goodlace said in a statement.

Sep 19, 2012

Lonmin deal pressures other South Africa mining firms

JOHANNESBURG (Reuters) – A violent six-week strike at world No. 3 platinum producer Lonmin has come to an end with a hefty wage settlement that could stir more strife in South Africa’s restive mining sector.

Lonmin’s 11-to-22 percent pay hike deal with striking workers may be a red rag for others in an industry riven by income disparities laid bare by a wave of violent industrial action in which 45 people died last month.

Sep 11, 2012

South Africa’s Implats details second pay bid by militant labor

JOHANNESBURG (Reuters) – South Africa’s Impala Platinum faces a second pay bid from miners equal to an 8-10 percent hike granted in April, the world’s No. 2 platinum producer said on Tuesday, and its shares tumbled on the size of the latest demand from militant labor.

Unrest has been sweeping South Africa’s bellwether mining sector with a wave of violence that killed 44 people in August, including 34 in a hail of police bullets near the Marikana mine of platinum producer Lonmin.

Jul 24, 2012

S.Africa stocks higher; caution ahead of earnings

JOHANNESBURG, July 24 (Reuters) – South African stocks
gained over half a percent on Tuesday, clawing back some of the
previous session’s steep losses, as investors cautiously waded
back into the market ahead of a rush of corporate earnings.

Bullion heavyweights AngloGold Ashanti and Gold
Fields both maintained a technical rally mobile
operator MTN and others were lifted by investors
searching for higher dividends.

    • 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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