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Sep 5, 2013

South Africa’s gold talks sway platinum price

JOHANNESBURG/LONDON Sept 5 (Reuters) – South Africa’s
platinum producers may have been the unintended beneficiaries of
deadlocked wage talks and a strike in the country’s gold mines,
but they equally risk losing ground as negotiations show signs
of making headway.

If the bullion strike ends sooner than expected, the
platinum celebration may be short-lived.

Sep 4, 2013

S.African gold miners ease some pay demands as strike bites

JOHANNESBURG, Sept 4 (Reuters) – South Africa’s main mining
union has offered to compromise on some of its demands for
higher pay after launching a strike that hit production at most
of the country’s gold mines on Wednesday.

The stoppage called by the National Union of Mineworkers
(NUM) began at the evening shift on Tuesday, with many miners
refusing to go underground, producers said.

Sep 3, 2013

Strike starts in South Africa’s gold mines

JOHANNESBURG (Reuters) – A strike in South Africa’s gold mines began on Tuesday with some workers failing to go underground for the evening shift, despite an appeal by President Jacob Zuma for a solution to avert a stoppage that will hurt Africa’s largest economy.

“It has officially started. There are people who have not gone underground,” Charmane Russell, a spokeswoman for gold producers grouped in the Chamber of Mines, told Reuters.

Sep 2, 2013

Mine unions, bosses in war of words before S.Africa gold strike

JOHANNESBURG, Sept 2 (Reuters) – South African union leaders
warned on Monday, a day before a strike in the gold sector, that
mine owners’ handling of pay talks could provoke violence, and
bosses said wage hikes would force mine closures and cost
thousands of jobs.

The National Union of Mineworkers (NUM), which represents
about two-thirds of more than 120,000 unionised gold miners in
Africa’s biggest economy, is set to strike from Tuesday.

Aug 30, 2013

South Africa’s waning gold industry braces for more strikes

JOHANNESBURG (Reuters) – South African gold miners plan to strike for higher pay from Tuesday, inflicting more damage on an industry that has produced a third of the bullion ever pulled from the earth but is now in rapid decline.

The National Union of Mineworkers (NUM), which represents almost two thirds of the country’s 120,000 goldmine workers, served the mining firms notice of the strike starting from Tuesday’s night shift, the companies said.

Aug 30, 2013

South Africa’s Amplats cuts 4,800 jobs

JOHANNESBURG (Reuters) – Anglo American Platinum (AMSJ.J: Quote, Profile, Research, Stock Buzz), the world’s top platinum producer, said on Friday it would cut about 4,800 jobs, laying off 3,300 workers and paying off the rest, and will redeploy 1,600 more.

Job cuts are a sensitive issue in South Africa, where the unemployment rate is more than 25 percent and mine labor violence rooted in a union turf war has killed dozens of people over the past 18 months, mostly on the platinum belt.

Aug 30, 2013

South Africa gold producers say strike to start from Tuesday

JOHANNESBURG (Reuters) – South Africa’s gold producers said on Friday the National Union of Mineworkers (NUM) had served notice of a strike over pay demands starting from the night shift on Tuesday.

“The employers will continue to make plans in anticipation of strike action, to ensure the continuation of essential services, and to ensure the safety and security of employees and assets,” the producers said in a statement.

Aug 29, 2013

Anglo CEO: platinum unit must deliver, nothing sacrosanct

JOHANNESBURG (Reuters) – Anglo American (AAL.L: Quote, Profile, Research, Stock Buzz) remains committed to its South African platinum mining business but only if it pays its way, the group’s new chief executive said on Thursday.

Anglo American Platinum (AMSJ.J: Quote, Profile, Research, Stock Buzz), the world’s largest producer of the precious metal, fell to a loss last year because of low prices and strikes in the country, which sits on four fifths of the world’s known platinum reserves.

Aug 28, 2013

South African gold producers gear up for strikes from Sunday

JOHANNESBURG (Reuters) – South African gold producers are preparing for bruising strikes that could start as early as Sunday, with some companies planning for stoppages of up to three months in a high-stakes fight between capital and labor in Africa’s biggest economy.

The National Union of Mineworkers (NUM) will give gold producers on Friday 48-hours’ notice of its members’ intention to strike over deadlocked wage talks, a source with direct knowledge of the matter said on Wednesday.

Aug 27, 2013

South Africa strikes escalate with petrol stations dispute

JOHANNESBURG, Aug 27 (Reuters) – South Africa’s petrol
station and car dealership workers on Tuesday announced a strike
for higher wages next week, signalling further labour disruption
to a struggling economy that also faces looming stoppages in its
gold mines.

Citing escalating living and transport costs, the country’s
leading manufacturing union NUMSA said its 72,000 members
working in petrol stations, automotive retail shops and car
dealerships would halt work from Monday “in demand of a living
wage and improved conditions”.

    • 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."
      Hometown:
      Johannesburg
      Joined Reuters:
      1995
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