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LMIFri, 10th May 2019 08:45
JOHANNESBURG, Oct 21 (Reuters) - South Africa's Impala Platinum said on Friday talks over workers' pay with AMCU union have reached a stage where an agreement can be secured. "We continue to engage AMCU so we are in constant contact with AMCU and its our understanding that we are potentiall
Read moreJOHANNESBURG, Oct 21 (Reuters) - South Africa's biggest platinum mineworkers union AMCU has secured a mandate from its members over wages and other conditions in the industry, it said on Friday. It is unclear what mandate the Association of Mineworkers and Construction Union secured. It sai
Read more(Recasts with comments to conference) By Ed Stoddard and Tanisha Heiberg JOHANNESBURG, Oct 6 (Reuters) - Wage talks are at a "critical stage" between South Africa's Association of Mineworkers and Construction Union (AMCU) and Anglo American Platinum, Impala Platinum and Lonmin, the un
Read moreJOHANNESBURG, Oct 6 (Reuters) - Wage talks are at a "critical stage" between South Africa's Association of Mineworkers and Construction Union (AMCU) and Anglo American Platinum, Impala Platinum and Lonmin, the union's president said on Thursday. Speaking to journalists on the sidelines of a
Read more(Adds details) JOHANNESBURG, Sept 5 (Reuters) - South Africa's biggest platinum mine-workers' union and the industry have failed to reach a deal on workers' pay, the union said on Monday, raising the prospect of industrial action in the world's top producer of the white metal. The Ass
Read moreJOHANNESBURG, Sept 5 (Reuters) - South Africa's biggest platinum mine-workers' union and the industry have failed to reach a deal on workers' pay, the union said on Monday, raising the prospect of industrial action in the world's biggest producer of the white metal. The Association of Minew
Read more(ShareCast News) - Lonmin managed to clinch project financing for its Bulk Tailings Treatment Project, which analysts said would allow the miner to add low-cost production as it progresses on restructuring the business. An unnamed party agreed to provide the platinum producer with $50m through a pro
Read more(ShareCast News) - HSBC: Berenberg reiterates buy with a target price of 600p. Intertek: Numis maintains reduce with a 3100p target. Barclays: Citigroup reiterates buy with a 135p target. IAG: HSBC stays at reduce with a 325p target. Anglo American: UBS keeps at sell with a target price of 740p.
Read more(ShareCast News) - Platinum producer Lonmin announced its production results for the quarter ended 30 June on Monday, and provided a business update. "[This was] another good quarter in a challenging operating environment," said chief executive Ben Magara. "Again I am pleased that we continue to fo
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(ShareCast News) - The new government could accelerate the re-privatisation of Lloyds Banking Group and scrap George Osborne's plan for a sale to retail investors, senior financiers believe. While Mr Osborne wanted to make a profit on every share in the bank, only selling when the price stood at abo
Read more* Platinum firms plead poverty, cite low metal prices * Unions seek wage hikes well above 6.1 pct inflation * 2014 union strike hurt producers, led to job cuts By Zandi Shabalala JOHANNESBURG, July 8 (Reuters) - The world's top platinum miners face tough wage talks next we
Read more* Union wants $850 minimum wage from platinum industry * AMCU led 5-month work stoppage over pay in 2014 * South Africa's platinum sector hit by rising costs (Adds quotes, details, slugs pix) By Zandi Shabalala JOHANNESBURG, July 7 (Reuters) - The largest union in South
Read moreJOHANNESBURG, July 7 (Reuters) - The largest union in South Africa's platinum industry said on Thursday it would begin wage talks with Anglo American Platinum, Impala and Lonmin on July 12, where it would be demanding higher wages for its members. The union said it wanted a 12,500 minimum
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