As South Africa’s platinum giants continue wage talks with labour unions, it has emerged that producers could push towards a pay settlement figure given to gold miners by Sibanye-Stillwater earlier this year. Sibanye agreed to increase the pay of workers at its three gold mines by...
The world’s biggest platinum mining companies will meet with South Africa’s labour unions this month to negotiate a three-year wage deal, in one of the first tests of Cyril Ramaphosa’s new presidency. Ramaphosa’s African National Congress (ANC) clinched South Africa’s general election last week by its...
South Africa-focused miner Lonmin (LSE:LMI) will move its head offices from Johannesburg to its Marikana operations in a cost-cutting strategy. The platinum producer reported a half year operating loss of US$199 million, compared to a loss of $21 million the previous year, as the firm was...