PLATINUM GROUP METALS

Implats dismisses 13,000 Rustenburg miners

Thursday , 02 Feb 2012
The company said on Thursday it had dismissed 13,000 employees at its Rustenburg operations after they were given until Wednesday to return to work or face dismissal.

18,000 Implats miners stay away at Rustenburg

Wednesday , 01 Feb 2012
Impala Platinum said on Wednesday some 18,000 miners were now staying away from its Rustenburg operations as they have downed tools in sympathy with those fired for an illegal strike.

Aquarius Platinum warns against S.Africa's zero-harm drive

Tuesday , 31 Jan 2012
The platinum major said Tuesday whilst South Africa's drive to cut mining accidents is laudable, it is making the country a difficult place in which to operate as these safety stoppages are damaging to production.

Terence Goodlace appointed new Implats CEO

Tuesday , 31 Jan 2012
Terence Goodlace, formerly CEO at copper/cobalt producer Metorex, has been selected to replace outgoing Impala Platinum CEO David Brown, who will step down at the end of June.

Implats' Rustenburg ops remain shut

Monday , 30 Jan 2012
The platinum major's Rustenburg operations in South Africa remain shut after the majority of workers who staged an illegal strike over wages failed to return to work on Monday.

Two killed at Modikwa Platinum's mine - NUM

Monday , 30 Jan 2012
South Africa's National Union of Mineworkers reported on Saturday that two miners died at Modikwa Platinum's underground mine after a cave-in.

Lonmin wary of safety stoppages as Q1 output rises

Thursday , 26 Jan 2012
The platinum miner said Thursday an uncharacteristically high level of safety inspections in South Africa interrupted operations last year and reckons current trends could threaten full-year targets.

Zimplats miners end strike over power bills

Thursday , 26 Jan 2012
Miners at Zimplats' Ngezi platinum mine returned Wednesday to work after embarking on a strike last week, to demand the company pay their personal electric bills.

Implats' Rustenburg operations remain shut

Wednesday , 25 Jan 2012
The company said Wednesday its Rustenburg platinum operations remained shut as it started discussions with union officials representing the 5,000 recently fired drill workers.

Platinum: mainly a long term play

Wednesday , 25 Jan 2012
Standard Bank maintains that while platinum prices over the long term are bolstered by a difficult supply outlook, over the short term, its prospects aren't as good.

Implats declares Rustenburg strike illegal; workers to be fired

Tuesday , 24 Jan 2012
The platinum major says the ongoing strike by 5,000 rock drill operators at its Rustenburg operations is illegal, adding that it will begin to fire workers.

5,000 Implats workers on strike at Rustenburg

Monday , 23 Jan 2012
The miner reports that some 5,000 workers at its Rustenburg operations in South Africa downed tools on Friday over wages and estimates losses of up to 3,000 ounces of platinum per day due to the stoppage.

Zimplats workers go on strike - State paper

Sunday , 22 Jan 2012
According to state media reports, workers at Impala Platinum's Zimbabwean unit have gone on strike in a bid to get the miner to pay for its employees' personal electricity bills

Time for a new challenge - Impala Platinum CEO

Thursday , 19 Jan 2012
Outgoing Impala Platinum CEO says after 14 years as an executive director, it is time to move on but, whoever takes over will have some uphill battles to face.

Revisiting Jubilee Platinum

Wednesday , 18 Jan 2012
A look behind Jubiliee Platinum's trading bump by the Mail on Sunday and why some consider the shares cheap

Did Mugabe's latest madness topple Impala's CEO?

Wednesday , 18 Jan 2012
Alec Hogg wonders how much of David Brown's decision to leave a R6.6m a year job as head of Impala Platinum to "pursue personal interests" has to do with the Group's Zimbabwean assets

Impala Platinum CEO David Brown steps down

Wednesday , 18 Jan 2012
The miner reported in a brief statement on Wednesday that David Brown will depart as CEO with effect from June 30 in order to "pursue his own interests".

South Africa's platinum miners not worried on power cuts

Friday , 13 Jan 2012
Despite a warning by South Africa's power utility that supply would be extremely tight this month, the country's platinum miners are confident there will be enough to power their mines.

Lonmin loses S.Africa prospecting rights appeal

Friday , 13 Jan 2012
South Africa's Department of Mineral Resources has stuck to its stance to award prospecting rights on part of Lonmin's area to Keysha Investments, a decision which the miner might take to court for review.

Platinum price looking cheap but Europe still with swing vote

Wednesday , 11 Jan 2012
Analysts say that platinum looks cheap at current levels, especially given recent supply constraints, but concern about growth in Europe is keeping investors cautious

Zimplats ordered to settle $28.3mn royalties bill - paper

Monday , 09 Jan 2012
State-owned Herald newspaper says the Zimbabwe Revenue Authority has ordered Zimplats to pay $28.3 million in outstanding royalty payments, which the platinum miner is disputing.

Gold to average $1,765, silver $37.35 in 2012 - Sharps Pixley

Friday , 06 Jan 2012
While volatility is probably the only thing of which investors can be certain in 2012, Sharps Pixley looks at some of the factors that could drive precious metals in 2012.

Zimbabwe pressuring platinum miners to build refinery

Thursday , 29 Dec 2011
Zimbabwe says it is considering ban on raw platinum exports to push miners into building a refinery there, but that such a ban would not happen overnight.

Zimbabwe pressuring platinum miners to build refinery

Wednesday , 28 Dec 2011
In a bid to force miners to set up refineries in Zimbabwe, the country is considering a ban on raw platinum exports but, officials say the move won't take place over night.

S.A's Solidarity, Lonmin sign 2yr wage deal

Thursday , 15 Dec 2011
Trade union Solidarity said Wednesday it had signed a two-year wage deal with platinum miner Lonmin that will see its members get increases of up to 8%.

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