The National Union of Metalworkers, South Africa’s largest labor organization, said it’s accepting miners who have started to turn to it as a strike at the world’s biggest platinum mines drags on for an 11th week.
Doreen Joubert sits at her Mega Pawn shop and complains that a 10-week wage strike in the world’s biggest platinum-mining industry is crippling business in the South African city of Rustenburg. She’s taken up bead work to pass the time.
An auditor has alerted South Africa’s tax agency to alleged fraud at Goldrich Holdings (Pty) Ltd., a mine operator whose chairman is already being personally sued following the collapse of Aurora Empowerment Systems Ltd., a similar company.
Cyril Ramaphosa will take over management of the economy and implement a 20-year government plan after being appointed South Africa’s deputy president following May 7 elections, according to two people familiar with the plans of the ruling party.
Production losses at the world’s largest platinum companies caused by a seven-week strike today eclipsed those from stoppages in 2012 as talks over pay with the South African union leading the walkout remain deadlocked.
AngloGold Ashanti Ltd. stopped pumping water from a shaft neighboring one of its mines in South Africa because the operators failed to pay for the work, the world’s third-largest producer of the metal said.
Platinum stockpiles built to weather a strike at the world’s three largest producers of the metal may run out if a new round of talks to end a six-week pay strike at South African mines ends in deadlock.