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Lawyers pleading for South Africa's Amari Resources have wasted no time in responding to Harare's request that the case against it be dismissed. The state still refuses to …
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Anglo American's Platinum mining arm AmPlats has reported a huge profit crash that will likely result in thousands of job cuts.
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A version of this article appears in print on, Section 4, Page 2 of the National edition with the headline: THE WORLD; Platinum Mine Fires 20,000 In South Africa.
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For the 16 th time, the firm was recognized as the world's top Global Mining Law Firm of the Year. This is Fasken's 10 th consecutive win, receiving this award more times than any other law firm.
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Unlike the three bigger firms, which have scrapped thousands of jobs, Northam marginally increased its workforce last year as it is ramping up annual output of platinum-group metals from its three ...
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It will raise the curtain on Platreef, a 100,000 ounces a year platinum group metals (PGMs) mine near Mokopane. It comes soon after a big sell-off in PGMs. ... After a stint at auditing firm PwC, she landed up at Ivanhoe in 2006, then called Ivanhoe Nickel & Copper. Ten people worked there and a guy she thought was in to fix the water cooler ...
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Keywords: Mining, Firm behavior, South Africa, Platinum group metals, Risks, Shocks, Commodities, Extractives. Introduction. Background. Between 2002 and 2008, platinum prices increased by 354%. Given that South Africa owns 75% of the world's platinum deposits, firms benefited immensely from this unprecedented rise. For example, Anglo ...
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Platinum fires up mining output - Wiseman Khuzwayo ANNUAL mining production jumped dramatically by 18.8 percent in March from 7.8 percent in February. The mining output rise was in stark contrast to manufacturing production, which rebounded by 3.8 percent in March from a decline of 0.4 percent in February.
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Anglo American Platinum, the world's largest platinum producer, has fired 12,000 workers taking part in a three-week illegal strike after following through on tough talk over wildcat stoppages in ...
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The world's biggest platinum producer, Anglo American Platinum, fires 12,000 striking South African miners after a protracted strike over wages.
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The Mimosa platinum mine in Zimbabwe Johannesburg, South Africa — 22 May 2012 – Impala Platinum (Implats) "' the world's second-largest producer of the precious metal "' and Aquarius Platinum have confirmed that a fire occurred during the night at their jointly-owned Mimosa operation in Zimbabwe.. An Implats statement released here revealed that the fire had …
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Robust growth is expected to drive total platinum demand to 8 118 000 oz, leading to a substantial market deficit of 1 028 000 oz in 2024, the World Platinum Investment Council (WPIC) says in its ...
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In a move that has sent ripples across the mining sector and South Africa's economy, Anglo American Platinum, one of the world's leading platinum producers, has announced it will be cutting 3 700 jobs. That equates to 15% in a workforce that stood at 24 600 at end of 2022, the most recently disclosed number – itself down by 1 000 on end 2021.
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ANGLO American Platinum (Amplats) said today it had dismissed 643 employees at Mototolo Mine in the Limpopo province following unprotected strike action which began on May 12 in defiance of a May 10 court interdict.. The impact on production has been minimal thus far, said Amplats in a statement to the Johannesburg Stock Exchange. It was "… exploring options …
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A DASH for cash might be on the cards for South Africa's haemorrhaging platinum group metals (PGM) sector if current spot prices persist for much longer. That's the thinking of …
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Rio Tinto on Wednesday dismissed the former head of its aluminum division Ivan Vella with immediate effect, an email to all employees sent by CEO Jakob Stausholm and seen by Reuters showed.
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The concession comes just over a year after President Emmerson Mnangagwa's government signed an agreement with Cyprus-based Karo Resources to develop a $4.2 billion integrated platinum mine.
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All 60 miners were delivered safely from Mimosa Platinum Mine where they had been trapped following an underground fire, the company said.
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Mining companies operating in Canada's Quebec province continue on Tuesday to evacuate employees and halt exploration work as at least 164 forest fires tear through the province and Labrador ...
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SNG Grant Thornton "expressed a disclaimer of review conclusion" on Wesizwe Platinum's interim results ended June, according to an update to the JSE. This was after the mining firm was unable to provide proof of future …
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UNCERTAINTY hangs over the liquidity of Wesizwe Platinum after its auditor declined to verify the miner's going concern status. SNG Grant Thornton "expressed a disclaimer of review conclusion" on Wesizwe Platinum's interim results ended June, according to an update to the JSE. This was after the mining firm was unable to provide proof of future […]
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Platinum Mining Market Report Summaries Detailed Information By Top Players As Anglo American, Colossus Minerals Inc., TruLan Resources Inc., GlobalMin LLC, Mojave Gold, Among Others. ... - World's leading advisory firm. "We feel positive about the results. Based on the presented results, we will do strategic review of this new ...
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Risk and Volatility. Impala Platinum has a beta of 1.56, indicating that its share price is 56% more volatile than the S&P 500. Comparatively, Jaguar Mining has a beta of 2.75, indicating that its ...
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RMB Australia Holdings, the equity investment firm financing Sutter Gold's (TSXV:SGM) Linco ln Mine Project in California, has requested the miner cut costs if it wishes to receive further ...
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Global diversified miner Xstrata Plc. (LON:XTA) confirmed Friday it has dismissed 400 of its workers who have been on an illegal strike at its South African mines.
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With platinum prices declining due to a seismic demand shift and firms grappling with the high cost of labor and prolonged production-stopping labor strikes, the financial sustainability of …
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Platinum Group partners with Saudi firm for smelter amid South African export hurdles The partnership with Ajlan & Bros includes a $4 million feasibility study split 50/50.
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PLATINUM Group Metals, a Canadian company studying the development of the Waterberg Project in Limpopo province, has signed a memorandum of understanding with Saudi Arabia for construction of a PGM processing facilities in the Kingdom.. The MoU, signed with Ajlan & Bros Company for Mining and the Ministry of Investment of Saudi Arabia, will look into a …
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Anglo American Platinum (Amplats) said on Monday it fired about half of the underground workers at its Mototolo mine following an illegal strike.
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Wesizwe Platinum announced plans last week to cut staff heavily at its Bakubung PGM mine following an illegal strike and a change in mining method, and owing to pressure from weak metal prices. The palladium price has halved in value in the last 12 months while the price of rhodium has fallen from just under $14,000 per oz to a current price of ...
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