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SOUTH AFRICA: Moody’s changes SA’s outlook to negative from stable

  • Date: 02-11-19
  • Category: SOUTH AFRICA
  • Source: Eye Witness News

JOHANNESBURG - Ratings agency Moody’s has kept the country one notch above investment grade but has changed the outlook from stable to negative.

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ESKOM: Ramaphosa to sign R59bn Eskom bailout bill

  • Date: 02-11-19
  • Category: ESKOM
  • Source: IOL

Cape Town - The Special Appropriations Bill, that has given a bailout of R59billion to Eskom, has been sent to President Cyril Ramaphosa to be signed into law.

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PGM PRODUCERS: Northam buys a further R997.5m worth of Zambezi shares

Precious metals miner Northam Platinum has reached an agreement to acquire additional Zambezi shares for R997.5-million, following which Northam will hold 22.94% of all Zambezi shares.

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SOUTH AFRICA: NUM member shot dead in Marikana as Platinum Belt tensions heat up

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

Kaizer Lungisa Madiba, a member of the National Union of Mineworkers (NUM) and Sibanye-Stillwater employee, was shot and killed on Friday morning in Marikana, by unknown assailants, NUM has confirmed. This suggests tensions are rising again on the Platinum Belt.

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PGM PRODUCERS: Implats reports a 53.88% drop in platinum production

DURBAN – Impala Platinum (Implats) has reported a 53.88 percent decline in production in refined platinum from its own mines to 83 000 ounces, down from 180 000 ounces compared to the same quarter last year, negatively impacted by a mill failure at Mimosa and scheduled maintenance and metallurgical challenges at Two Rivers.

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PGM PROJECTS: Arctic Palladium’s delegation studies Nornickel’s experience to organize work in Arctic

CHITA, November 1. /TASS/. A delegation of the Arctic Palladium Company, which Nornickel and Russian Platinum have organized for implementation of a new project in the Norilsk industrial district, visited the Bystrinsky Mining and Processing Plant (a part of Nornickel) in the Trans-Baikal Region’s south-east. The Bystrinsky plant is Nornickel’s most advance asset, the plant’s press service told TASS on Friday.

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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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