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SOUTH AFRICA: World's Top Platinum Miners Brace for ‘Substantial’ Wage Demands

South African platinum producers are preparing for significant wage demands as workers eye windfall earnings from a rally in metal prices.

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SOUTH AFRICA: Labour Court declares Sibanye wage extension valid

  • Date: 20-03-19
  • Category: SOUTH AFRICA
  • Source: Mining Weekly

Precious metals miner Sibanye-Stillwater on Wednesday advised that the Labour Court has declared legal the extension of Sibanye’s wage agreement with the National Union of mineworkers (NUM), Uasa and Solidarity, to non-unionised members.

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SOUTH AFRICA: Market shrugs off battle of wills as AMCU gold strike nears four-month mark

SHARES in Sibanye-Stillwater are nearly 72% higher since the Association of Mineworkers & Construction Union (AMCU) started its strike at the company’s South African gold mines on November 25 last year.

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SOUTH AFRICA: Eskom to invest R10bn to R12bn in cost plus coal mines over five years

SOUTH African power utility, Eskom, intended to invest R12bn in cost plus coal mines in order to secure the quality of the fuel for its power stations, said BusinessLive citing COO of Eskom, Jan Oberholzer.

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SOUTH AFRICA: Minerals Council's Langenhoven warns of tipping point for mining if electricity tariffs increase by 15% a year

  • Date: 30-01-19
  • Category: SOUTH AFRICA
  • Source: Mining Weekly

JOHANNESBURG (miningweekly.com) – State-owned utility Eskom’s proposed tariff increases would cost some 150 000 direct mining jobs, all but eliminate the gold sector and, as a consequence, reduce Eskom’s mining client base by around 36%, thereby exacerbating the utility’s “death spiral”, Minerals Council South Africa chief economist Henk Langenhoven said on Wednesday.

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SOUTH AFRICA: Appeal against Sibanye’s Lonmin takeover set down for April

  • Date: 25-01-19
  • Category: SOUTH AFRICA
  • Source: Business Live

The appeal brought by the Association of Mineworkers and Construction Union (Amcu) against the Competition Tribunal’s conditional approval of Sibanye-Stillwater’s takeover of Lonmin has been set down for April 2.

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SOUTH AFRICA: South Africa’s mining production increases 0.5% y/y – Stats SA

  • Date: 11-12-18
  • Category: SOUTH AFRICA
  • Source: Mining Weekly

Mining production lifted marginally, by 0.5% year-on-year, in October, primarily on the back of strong growth in platinum group metals (PGMs), diamonds and manganese ore output, according to Statistics South Africa (Stats SA).

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