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WAGE NEGOTIATIONS: Platinum miners take a ‘provocative gamble’ with low wage offers

It is almost as if employers like Lonmin are trying to provoke the unions, mining expert Dick Forslund says.

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RAND: South African rand bounces back after steep sell-off

  • Date: 15-08-19
  • Category: RAND
  • Source: Nasdaq

JOHANNESBURG, Aug 15 (Reuters) - The South African rand gained more than 1 percent against the dollar on Thursday, pulling back from a steep sell-off as worries about the global economy eased slightly.

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PGM PRODUCERS: Implats full-year underlying headline earnings back to 2012 levels

Impala Platinum (Implats), the world’s third-largest platinum miner, will post its highest underlying headline earnings since 2012, fueled by higher metal prices and an operational turn around at its main Rustenburg mines.

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PGM PRODUCERS: PTM secures agreements towards paying off debt

TSX- and NYSE-listed Platinum Group Metals (PTM) has entered into an agreement with BMO Capital Markets whereby BMO agreed to buy 8.3-million common shares of PTM at a price of $1.25 apiece, amounting to about $10.4-million.

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WAGE NEGOTIATIONS: Amcu President: Lonmin Management Provoking Workers Into Another Maricana

Association of Mineworkers and Construction Union (Amcu) president Joseph Mathunjwa has accused management at Sibanye-Stillwater’s Lonmin mine of instigating another Marikana by offering workers paltry wage increases as salary negotiations continued in the platinum sector.

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MACROECONOMICS: WTO quarterly trade growth indicator drops from May

GENEVA (Reuters) - The World Trade Organization (WTO) said on Thursday that its latest economic barometer showed that the growth in merchandise trade was likely to weaken further in the third quarter.

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BATTERIES: LG, Samsung, SK urged to secure battery raw materials, talent

  • Date: 15-08-19
  • Category: BATTERIES
  • Source: Korea Times

LG Chem, Samsung SDI and SK Innovation must find ways to secure a stable supply of raw materials for battery production to maintain their competitive power in the European electronic vehicle (EV) battery market, the Korea International Trade Association (KITA) said Thursday.

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AUTO PRODUCTION: Passenger Vehicles Output Down 13.18% In April-July

Passenger vehicles production in India was down 13.18 percent in April-July with top manufacturers such as Maruti Suzuki India Ltd., Mahindra & Mahindra Ltd., Tata Motors Ltd., Ford India, Toyota Motor Corporation and Honda Motor Company Ltd. reducing output massively.

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