South Africa’s new mining minister is unlikely to succeed where others failed and bring a swift end to the four-month strike at the world’s biggest platinum producers, said analysts at Investec Plc and Noah Capital Markets.
Lonmin Plc, the world’s third- largest platinum producer, may face a strike by its biggest union, depending on a ruling tomorrow over the labor group’s recognition rights, according to analysts.
Impala Platinum Holdings Ltd., the world’s second-largest producer of the metal, said earnings probably rose as much as 42 percent on increased prices, beating analysts’ expectations.
Russian coking coal producers may raise domestic prices by $10 a metric ton, or 8 percent, after April 1, UralSib Financial Corp. said.
Russian steel output and prices will probably fall as the country’s producers lose their cost advantage over rivals because of cheaper raw materials, UralSib Financial Corp. said.
A leader of a Congolese rebel group suspected of being involved in the rape of at least 303 civilians two months ago has been taken into custody, a United Nations peacekeeping official said.
Lonmin Plc appointed Ben Magara as chief executive officer as the third-biggest platinum producer seeks to rebuild following last year’s violent strikes.
"The market is questioning the sustainability of the Rustenburg operations."
- Michael Kavanagh on Aug 28, 2014