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WAGE NEGOTIATIONS: AMCU demands R17,000 salary for lowest paid worker in SA's platinum belt

JOHANNESBURG - President of the Association of Mineworkers and Construction Union (AMCU), Joseph Mathunjwa, said on Tuesday that his union had moved from its R12,500 wage demand in the platinum sector and was now demanding R17,000 for entrance workers, to be achieved over three years.

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BATTERIES: Platinum giant wants to create new battery to replace cobalt, nickel demand

  • Date: 13-08-19
  • Category: BATTERIES
  • Source: Europe Auto News

LONDON/JOHANNESBURG -- The world's top platinum and palladium supplier has an answer to the electric-car boom that may pose a long-term threat to its biggest market: invent a new battery.

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WAGE NEGOTIATIONS: South Africa Union Rejects Implats, Sibanye’s Wage Offers

South Africa’s largest platinum-mining union has rejected initial wage offers from two of the world’s biggest producers and accused Sibanye Gold Ltd. of trying to provoke a strike. Sibanye’s shares plunged.

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PGM PRODUCERS: Northam Platinum well set to make year-end free cash flow numbers standard fare

NORTHAM Platinum is to report record platinum group metal (PGM) production from own operations of 519,954 ounces for the year to end-June whilst sales will increase 23% to about 589,069 oz of PGMs, the company said in a trading update on August 11.

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SOUTH AFRICA: Mathunjwa: SA needs dictator style of leadership

  • Date: 13-08-19
  • Category: SOUTH AFRICA
  • Source: Eye Witness News

JOHANNESBURG – Association of Mineworkers and Construction Union (Amcu) president Joseph Mathunjwa said a dictatorship style of leadership was needed in the country to chart the way out of the economic crisis and other challenges.

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SOUTH AFRICA: ‘Strike is illegal’: Mogalakwena calls on police to take action

  • Date: 13-08-19
  • Category: SOUTH AFRICA
  • Source: Review Online

The Mogalakwena Municipality has appealed to the police to take action against any person or civic organisation planning the shutdown in town scheduled for Wednesday, 14 August.

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PGM PRODUCERS: Northam Platinum expects record R2.4bn profit

JOHANNESBURG - Northam Platinum said on Tuesday that it expects to achieve a record operating profit of R2.4 billion for the financial year ended 30 June 2019, up from R823.3 million the previous financial year.

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AUTO PRODUCTION: Honda says it will stop making autos in Argentina in 2020

SAO PAULO (Reuters) - Japan’s Honda Motor Co (7267.T) on Tuesday said it will stop producing automobiles in Argentina next year as part of a global shift in how it shares production between regions.

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