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Apr 27, 2014

Election violence flares on S.Africa’s platinum belt

JOHANNESBURG, April 27 (Reuters) – Violence erupted on South
Africa’s platinum belt on Sunday when members of the striking
AMCU union attacked sports minister Fikile Mbalula as he
campaigned in the area for the ruling ANC in May 7 elections,
union officials and local media said.

SABC radio, the public broadcaster, said the minister had to
be whisked away in a bulletproof car when AMCU members set upon
him and ANC activists, pelting them with rocks, as they went
door to door in Freedom Park, a shantytown northwest of
Johannesburg.

Apr 25, 2014

Sibanye seen as likely buyer for Anglo’s ageing platinum mines

LONDON/JOHANNESBURG (Reuters) – If Anglo American (AAL.L: Quote, Profile, Research, Stock Buzz) pushes ahead to divest underperforming platinum assets, a sale to a small South African company that specializes in squeezing profit out of mines nearing the end of their lives is seen as the most likely option.

Anglo’s platinum unit Amplats (AMSJ.J: Quote, Profile, Research, Stock Buzz) and its rivals are battling an almost 13-week-old mining strike in South Africa over wages, which has slashed about 40 percent of global production of the precious metal.

Apr 25, 2014

In platinum’s war of attrition, capital has labour out-gunned

JOHANNESBURG, April 25 (Reuters) – Labour brought a machete
to a gunfight with management in South Africa’s platinum belt.
Small wonder it looks set to lose.

South Africa’s big platinum strike has highlighted issues
ranging from cash reserves to changing market dynamics that have
curtailed labour’s ability to influence prices. The result has
been to expose the weakness of the country’s miners in any
confrontation with producers.

Apr 24, 2014

Wage talks resume as South Africa platinum strike marks 13th week

JOHANNESBURG (Reuters) – Marathon talks aimed at ending a crippling three-month strike in South Africa’s platinum sector were to resume on Thursday after the world’s top producers and union AMCU spent two days haggling over an offer tabled last week by the companies.

The strike is already the longest and most costly in living memory for South Africa’s mines, though there has been a renewed drive to break the deadlock in recent days after several weeks with no formal direct talks between the two sides.

Apr 24, 2014

Book Talk: S.African writer maps personal history with Johannesburg’s

JOHANNESBURG (Reuters) – As a bookish child, Mark Gevisser played a game he has retroactively called “Dispatcher” in which he would plot routes in his parents’ street guide, the ‘Holmden’s Register of Johannesburg’, using the index to place names.

“Inevitably, the Dispatcher took me to places I was not meant to go,” he writes, recalling the time he stumbled across one of the few African names – “let’s call him Mphahlele, M” – in the book and discovered that the address was only two pages away from where he and his family lived on page 77.

Apr 23, 2014

South Africa platinum strike talks to continue Thursday

JOHANNESBURG (Reuters) – Marathon talks aimed at ending a crippling three-month strike in South Africa’s platinum sector will resume on Thursday after the world’s top producers and union AMCU spent two days haggling over an offer tabled last week by the companies.

The strike is already the longest and most costly in living memory for South Africa’s mines, though there has been a renewed drive to break the deadlock in recent days after several weeks with no formal direct talks between the two sides.

Apr 23, 2014

South African platinum talks resume as miners prepare for mass meeting

JOHANNESBURG, April 23 (Reuters) – Talks aimed at ending a
crippling three-month strike in South Africa’s platinum sector
resume on Wednesday after the world’s top producers and union
AMCU spent Tuesday haggling over an offer tabled last week by
the companies.

The strike is already the longest and most costly for South
Africa’s mines in living memory but in recent days there has
been a renewed drive to break the deadlock after several weeks
with no formal direct talks between the two sides.

Apr 22, 2014

South Africa platinum talks resume in bid to end three-month strike

JOHANNESBURG (Reuters) – Chief executives of the world’s top platinum producers were to again meet the leaders of the AMCU union on Tuesday for wage talks in a bid to find an agreement to end the longest and most costly strike on South Africa’s mines in living memory.

“They will be meeting this morning but at an undisclosed location,” said a spokeswoman for the producers.

Apr 22, 2014

S.Africa platinum talks resume in bid to end 3-month strike

JOHANNESBURG, April 22 (Reuters) – Chief executives of the
world’s top platinum producers were to again meet the leaders of
the AMCU union on Tuesday for wage talks in a bid to find an
agreement to end the longest and most costly strike on South
Africa’s mines in living memory.

“They will be meeting this morning but at an undisclosed
location,” said a spokeswoman for the producers.

Apr 17, 2014

South African platinum firms lift wage offer to 10 pct

JOHANNESBURG, April 17 (Reuters) – South African platinum
producers made a new wage offer on Thursday in a bid to end a
three-month strike at their mines that has hit 40 percent of
global output of the industrial metal.

Anglo American Platinum (Amplats), the world’s top
producer, and Impala Platinum (Implats), the
second-biggest, said in separate statements they had offered
annual increases of 7.5 to 10 percent, compared with an earlier
offer of as much as 9 percent per year.

    • 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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