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PGM PRODUCERS: Zimplats spends US$115m on capital projects

ZIMPLATS Holdings, producer of platinum group metals (PGMs), says it spent US$115 million on capital projects including mine equipment replacement and expansion projects in the 2018 financial year.

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PGM PRODUCERS: Rustenburg holds the key for Impala Platinum

Admirers of the quiet life would take one look at Implats’ share-price graph and shoot off in the opposite direction like a scalded cat. The thing’s been bouncing up and down like a hyperactive trampolinist, and any punter who picked the bottom a year ago would have enjoyed a return somewhere north of 350%.

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WAGE NEGOTIATIONS: South African Mine Union Says Ballot Rule to Curb ‘Wild Strikes’

As wage negotiations with some South African platinum producers reach deadlock, one labor union welcomed a new rule for any strike to require backing from workers in a secret ballot.

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SOUTH AFRICA: UASA supports secret ballot as SA’s labour registrar issues notice of law amendment

MINING industry union, UASA, voiced its support for secret balloting imposed by the Registrar of Labour Relations, saying it would help prevent unnecessary strikes.

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AUTO SALES: China’s NEV output, sales fall in August

  • Date: 11-09-19
  • Category: AUTO SALES
  • Source: Argus Media

The country produced 87,000 NEVs in August, down by 12pc from a year earlier but up slightly from 84,000 units in July. Sales fell by 16pc from a year earlier to 85,000 units but up from 80,000 units a month earlier.

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WAGE NEGOTIATIONS: Why Amcu has declared a dispute during wage talks

James Wellsted from Sibanye-Stillwater talks to Business Day TV about wage talks with the Association of Mineworkers and Construction Union

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AUTO SALES: Platinum shares take a hammering after news of drop in car sales in India and China

JOHANNESBURG – Platinum stocks eased on Tuesday as news of the bleak car sales from India and China weighed heavily on platinum shares.

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ACQUISITIONS: DRDGold takeover by Sibanye-Stillwater a matter of time, and opportunity: could MWS be it?

THE improvement in the rand value of gold has given wings to all South African gold shares, including Sibanye-Stillwater – up 93% on a 12-month basis even though it also produces platinum group metals (PGMs) which have more to do with industrial demand that issues driving gold, such as global trade tensions and safe haven investment.

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