Anglo american platinum
SA mining industry struggling to contain spread of COVID-19
The number of positive coronavirus cases confirmed within the sector so far suggests the spread is not easing, with 1,559 active cases at the last count, while...
Natascha Viljoen will take on the role from 16 April and joins Amplats at a time when higher metals prices have boosted the company's earnings.
The company's board has confirmed he'll be resigning after more than seven years in the post in order to pursue other career opportunities.
The signing ceremony will take place in Muldersdrift, a town in South Africa’s platinum mining heartlands 30 kms northwest of Johannesburg at 0800 GMT on Wednesday, Amcusaid.
The Association of Mineworkers and Construction Union initially demanded a monthly basic wage hike of about 48%.
The trade union claims to represent 60,000 workers in the sector and has just come out of a five-month strike over wages against Sibanye-Stillwater's gold division.
An illegal strike that led to the dismissal of over 600 employees at the Mototolo mine run by Anglo American Platinum (Amplats) has been resolved and the workers will be reinstated, the company said on Thursday.
Chris Griffith was speaking at a platinum industry conference in Johannesburg.
The South African company said its headline earnings were likely to jump by between 83% and 103%, or 2,715 cents and 3,010 cents per share.
The restive region in the country’s northeast has been a flashpoint of violence rooted in community grievances over jobs, revenue flows and conflict between rival unions.
The country is pinning hopes on a recovery in its mining industry after a coup that pushed out veteran leader Robert Mugabe.
The Anglo American unit said headline earnings more than doubled to R3.9 billion in 2017, in line with what it previously flagged to the market.
The changes relate to the Mapela Trust, which was set up to fund development projects in communities around Amplats’ Mogalakwena operation, the world’s largest open-pit platinum mine.
The employee sustained wounds while working at the company’s precious metals refinery last month and succumbed to his wounds on Tuesday.
Employees affiliated to the National Union of Mineworkers were informed that they'll be without work from the end of next month.
Workers at Lonmin, Anglo American Platinum & Impala Platinum will receive an annual wage increase of R1,000 for the next 3 years.
The union, Lonmin, Amplats and Implats have agreed to a R1,000 basic salary annual increase for three years.
The agreement has been extended to the National Union of Mineworkers and Uasa and is effective from 1 July this year.
The company has offered workers a wage increase of 6.75% while the union is demanding 14.35%.