Zimbabwe’s elections this week probably won’t end President Robert Mugabe’s 33-year rule or his policies that stifle investment, according to analysts such as John Meyer at London-based SP Angel Corporate Finance LLP.
Impala Platinum Holdings Ltd., the world’s second-biggest producer of the metal, said about 3,000 workers started an unauthorized strike after an employee was dismissed from one of its South African mines yesterday.
A South African labor union locked in a battle for dominance at local mines plans to hold separate wage talks with Lonmin Plc and Impala Platinum Holdings Ltd. instead of mediating with the Chamber of Mines industry body.
Google Inc.’s Seoul office was raided by South Korea’s antitrust regulator as part of a probe into whether the owner of the world’s largest search engine unfairly blocked competitors in the mobile-search market, a person familiar with the investigation said.
South Africa’s mining industry, backbone of the continent’s biggest economy, is heading for its worst electricity shortage in five years in a threat to platinum and gold production and to the rand currency.
Impala Platinum Holdings Ltd. , the world’s second-largest producer of the metal, scrapped a plan to boost output at its Marula Platinum Ltd. unit by 35 percent in two years after the mine missed targets.
South Africa’s biggest labor union federation said Anglo American Platinum Ltd., Impala Platinum Holdings Ltd. and Lonmin Plc are trying to weaken the position of its National Union of Mineworkers affiliate.