Tag: Amplats

Amplats platinum output fell 41% in second quarter

JOHANNESBURG (Reuters) - Anglo American Platinum (Amplats) production of platinum group metal (PGM) fell by 41% or 521,600 ounces in the second quarter because of shutdowns in South Africa and...

Platinum pay deal to bring back good times?

It took many months of tough negotiation in the world’s largest platinum producing country that unearths nearly. 70 per cent of world supply. South Africa’s new platinum pay deal was sealed this morning after last minute postponements. It all ended without a damaging strike like the one that cost the industry dear in 2014. The dominant union in the platinum industry AMCU inked a new pay deal with top producers Amplats, Implats and Sibanye-Stillwater.

Mining companies cannot plead poverty, says Amcu President Joseph Mathunjwa

The largest union in the platinum sector, AMCU held a press briefing this morning for an update on the ongoing platinum wage negotiations and the upcoming Marikana Massacre commemoration. CNBC Africa reporter Karabo Letlhatlha spoke to Amcu President, Joseph Mathunjwa.

Amplats CEO seeks friendlier Zimbabwe mining laws to lift investment

Zimbabwe must offer foreign miners a consistent legal framework, the right to keep a controlling stake in operations and a greater share of profits to encourage investment, the head of Anglo American...

More S.A mining jobs at stake on policy uncertainty: Amplats CEO

The new rules could mean significantly higher taxes and levies on mining companies operating in South Africa.

S.A's Amplats offers unions 7 percent wage hike

The draft agreement contains a "peace obligation" - no union members "shall be entitled to embark upon any industrial action whatsoever."

Deadlock in wage talks between unions and S.A's Amplats

Union members are concentrated in a handful of Amplats' operations including its Mogalakwena mine, the company's most profitable asset.