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SOUTH AFRICA: Confusion over platinum wage talks and murder on the Platinum Belt

  • Date: 01-11-19
  • Category: SOUTH AFRICA
  • Source: Daily Maverick

There is more confusion than clarity as wage talks in the crucial platinum mining sector approach a tipping point. In the case of Amplats, the sides are very close, with sources saying NUM and Uasa have accepted its latest offer in principle. But Amcu is keeping its cards close to its chest. And a NUM member has just been gunned down.

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WAGE NEGOTIATIONS: Test for AMCU’s ‘A Team’ as platinum dispute moves ominously towards strike ballot

THE requirement for unions to run a secret ballot requiring majority support before declaring a strike recently became law in South Africa.

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AUTO SALES: China's auto market could shrink about 8% this year: industry official

  • Date: 31-10-19
  • Category: AUTO SALES
  • Source: Reuters

BEIJING/SINGAPORE (Reuters) - Auto sales in China may skid to 26 million this year, a drop of around 8%, a senior industry executive warned, as the world’s largest auto market braces for a second year of contraction amid slowing economic growth and tighter vehicle emissions standards.

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NORNICKEL: Russia's Norilsk Nickel boosts Q3 output

  • Date: 31-10-19
  • Category: NORNICKEL
  • Source: Mining Journal

Norilsk Nickel boosted nickel production by 7% quarter on quarter in Q3 as its Harjavalta refinery in Finland ramped up after maintenance in Q2.

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NORNICKEL: Norilsk Nickel’s $750 Million Eurobond Offering

  • Date: 31-10-19
  • Category: NORNICKEL
  • Source: Global Legal Chronicle

PJSC MMC Norilsk Nickel (“Nornickel”) completed its $750 million Eurobond offering due 2024 with a coupon rate of 3.375% per annum, the lowest coupon ever achieved by Nornickel on a U.S. Dollar transaction.

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PGM PRODUCERS: Sibanye-Stillwater signals recovery after tough 18 months

JOHANNESBURG - Mining company Sibanye-Stillwater said on Thursday its performance for the third quarter ended September signalled a pleasing recovery in the operating and financial performance of the group after a difficult eighteen-month period.

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PGM PRODUCERS: Implats output down 2.4% to 5.21m tonnes in quarter to September 30

JOHANNESBURG - Impala Platinum said on Thursday gross tonnes milled at its managed operations decreased by 2.4 percent to 5.21 million tonnes during the quarter ended September 30 from 5.34 million tonnes in the prior period.

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ESKOM: NUM threatens more power cuts over Eskom split

  • Date: 31-10-19
  • Category: ESKOM
  • Source: Eye Witness News

JOHANNESBURG - The National Union of Mineworkers (NUM) threatened on Wednesday to cause more power cuts over the government’s decision to forge ahead with a plan to break up struggling state power firm Eskom.

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