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WAGE NEGOTIATIONS: Amcu heading for a showdown with country's platinum producers after rejecting wage offer

JOHANNESBURG – The Association of Mineworkers and Construction Union (Amcu) is headed for a showdown with platinum producers after it rejected wage offers tabled by the country’s top miners on the back of rising platinum group metals (PMG) prices.

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PGM PROJECTS: Eurasia Mining awards contract to develop Monchetundra project

  • Date: 14-08-19
  • Category: PGM PROJECTS
  • Source: Mining Technology

UK-based Eurasia Mining has signed an engineering procurement and construction (EPC) contract with China-based firm Sinosteel to develop the 2Moz Monchetundra palladium, platinum and gold project in Russia.

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LITHIUM: Lithium bust puts Bald Hill mine on the edge

  • Date: 14-08-19
  • Category: LITHIUM
  • Source: Financial Review

The lithium bust is threatening to claim its first casualty, with the operator of the Bald Hill mine suspended from trading amid fears it could run out of money within months and is close to breaching debt covenants.

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BATTERIES: Platinum Giant Wants In on Batteries to Ease Electric Car Threat

  • Date: 13-08-19
  • Category: BATTERIES
  • Source: Bloomberg

Amplats wants to develop battery using platinum-group metals as electric cars pose threat to the key autocatalyst market

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SOUTH AFRICA: Risk of platinum wage strike raised as AMCU’s Mathunjwa renews Sibanye-Stillwater hostilities

THE Association of Mineworkers & Construction Union (AMCU) president, Joseph Mathunjwa, waded into familiar territory today, raising the prospect of strike action in South Africa’s platinum sector.

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PGM PROJECTS: Monchetundra Update Sinosteel EPC H1 2019

Eurasia Mining PLC, the palladium, platinum, rhodium and gold producing company, is pleased to provide an update on developments at the Monchetundra Project in the first half of 2019. Eurasia is developing its Monchetundra Project towards production following the issue of a mining permit for the circa 2Moz (2PGE + Gold) palladium dominated deposit (as announced on 20 November 2018).

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PGM PRODUCERS: Northam expects 220% rise in full-year headline earnings

JSE-listed platinum group metals producer Northam Platinum expects to report a more than 220% year-on-year increase in its normalised headline earnings for the financial year ended June 30, to about R1.3-billion.

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WAGE NEGOTIATIONS: South Africa's AMCU union disappointed by Lonmin wage offer

JOHANNESBURG, Aug 13 (Reuters) - South Africa’s Association of Mineworkers and Construction Union (AMCU) is disappointed by a wage offer for workers at Lonmin, which was acquired by Sibanye-Stillwater this year.

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