Mining production decreased by 6,5% year-on-year in May 2014, reports Statistics SA. The crippling strike action that began on 23 January in the platinum sector has had a negative impact on total mining production. The largest negative growth rates were recorded for PGMs (-48,5%), other non-metallic minerals (-13,3%) and building materials (-11 ...
This partly explains why they were often eventually co-opted into management. The unmaking and remaking: the 2012 Impala Platinum strike The context of the 2012 strike at Impala Platinum is tied to an earlier dispute in 2010 between Impala Platinum and certified miners5 at the mine.
The new strike would begin on Jan. 22 and involve around 12,500 of its members, AMCU said. Sibanye-Stillwater said while the expanded strike is allowed under the Labour Relations Act, it is within ...
the South African mining sector in terms of GDP and employment. South Africa accounted for 53.4 per cent of global platinum supplies in 2013 (Baxter, 2014). Despite its significant role in the South African economy, the platinum mining industry is currently facing a major crisis. The wildcat strike at Marikana in August 2012 ignited a series
Platinum mineworkers will never recover from the five-month strike in the platinum mining sector, SA Communist Party general secretary Blade Nzimande said on Thursday. "We welcome the ending of ...
national mining industry in employment of general workers (Capps 2012). South African platinum mines made up the largest percentage of global primary platinum production with the supply of 75% of the primary platinum produced mainly by Anglo American Platinum, Impala Platinum and Lonmin PLC (Cowley 2013).
JOHANNESBURG (miningweekly) – The ongoing industrial action in the platinum sector would have the largest impact on mining production figures for the month of March as well as the first ...
strike in South Africa's platinum industry. The strike lasted …ve months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were partic-ularly severe, but our research shows that the strike could also have long lasting negative impacts on the South African ...
However, evidence shows that on 14 August, just two days before the massacre, there was a joint agreement between the company's management and police that the strike should be broken in a decisive manner (source: Bureau of Investigative Journalism) The impact of Marikana. Economy. Mining is an important sector in the South African economy.
platinum-related mining industry as a result of lost production during the strike periods amounted to R10.6 billion. Two scenarios are estimated that result in a gross domestic product (GDP) loss for 2012 of 0.53 per ... impacts of strikes so that solutions to deadlocks in wage negotiations can be pursued before such deadlocks progress to ...
One of the world's biggest producers, Anglo American's platinum subsidiary, suffered huge disruption after three months of wildcat strikes. In a recent statement, the company said the strikes affecting its operations have had "a significant financial impact on the company", adding that to date, it has lost 191,359 ounces of platinum production from its mines.
South Africa's mining industry is again confronted by labour unrest. Production at the Marikana platinum mining complex run by Lonmin PLC, the world's third largest …
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted five months, ending in June 2014 when producers reached an agreement with the main labour unions.
Similarly, the effects of a strike in the platinum mining industry might be more significant than in the gold industry, given the former's higher concentration of production in fewer countries. In conclusion, mining strikes are a significant factor in the precious metal markets, capable of influencing prices and market dynamics.
The present study intends to investigate the impact of strikes on investors' confidence in the South African mining industry. The primary objective has been achieved by primarily focusing on share price volatility and the profitability ratios of platinum mines, using a sample period from 2008 until 25 July 2014.
M.A. (Politics)Abstract: The Marikana massacre, together with the 21-week long strike of 2014 in the platinum sector, put the hostile labour relations noticeable in the mining industry, particularly the platinum sector, under the microscope. The Marikana massacre was also sparked by what was seemingly a labour dispute.
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry.The strike lasted 5 months, ending in June 2014 when producers reached an agreement with the main labour unions.The immediate impacts on local mining towns were particularly severe, but our research shows that the strike could also have …
routine in the South African mining industry. It is recommended that investors approach the impact of strikes from a global point of view and not only within the South African context. The broader perspective regarding the impact of strikes in South Africa is that it can lead to a recession. However, the South African mining industry is not ...
Estimates show that the monetary value of ounces lost by the platinum-related mining industry as a result of lost production during the strike periods amounted to R10.6 billion. Two …
A strike by contract workers at Impala Platinum's Rustenburg operations in South Africa involved less than 8% of the mine's workforce and was limited to two of its nine shafts, the company ...
elements of the strike (wages, investment, ERoR in the industry) • Platinum contributes around 20% of output in the metal ore mining industry group with the strike assumed to render K & L …
The immediate impacts on local mining towns were particularly severe, but our research shows that the strike could also have long lasting negative impacts on the South African economy as a whole. We find that it is not the higher nominal wages itself that caused the most damage, but the possible reaction by investors in the mining industry ...
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted …ve months, ending in June 2014 when producers …
South African studies on industrial action in the mining industry have examined the national economic effect of strikes in platinum mines, while others examined strike effects on financial ...
Figure 1 shows the impact of the 152-day strike on five large mines—Marikana, Rustenburg, Impala, Amandelbult, and Rasimone. The losses ranged from 48 to 64% for the year. After the strike, Anglo Platinum …
Rock drill operators from the Lonmin platinum mine were protesting against low wages and like in Kiev, the state responded with massive violence, resulting in the death of their own people.
The impact of violence and intimidation on strike actions and their effect on union membership in the platinum mining industry. ... of Pretoria) →; View Item; JavaScript is disabled for your browser. Some features of this site may not work without it. The impact of violence and intimidation on strike actions and their effect on union ...
The magnitude of these impacts is similar to the estimated impacts for the 2014 platinum-mining strike calculated by Bohlmann et al. (2014). • In value terms, the connected sectors that show the biggest impact include the wholesale and retail trade, financial services, transport, and other services. Water, electricity and rubber products show ...
A 61-day event window is used, including 30 days before and 30 days after the announcement of the strike. The effects of the announcement, settlement and duration of astrike on the share returns is tested, as well as whether the effects vary depending on whether the strikes are protected orunprotected, and for gold versus platinum mining companies.
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted five months, ending in June 2014 when producers …
However, the ramifications for Rustenburg, for South Africa, and for the entire mining industry were severe and far-reaching, and the full impact still not quantified. Impala Platinum, which mines, refines and sells platinum group metals, is one of the three big mining companies affected by the strike action, together with Anglo Platinum and ...
The Impact of the 2014 Platinum Mining Strike in South Africa: An Economy-Wide Analysis Heinrich Bohlmann and Jan van Heerden (UP) with ... • Platinum contributes around 20% of output in the metal ore mining industry group with the strike assumed to render K & L unproductive for six months – shocks are weighted accordingly (10%) ...
The main environmental impacts of platinum mining Solid waste – tailings dams and waste rock dumps 580 000 tons ore/ton Pt produced; Plus waste rock: 20% – 90% of ore (UGM) Water consumption: 273 to 544 m3/kg PGM (average about 400 m3/kg) Energy consumption (mine, concentrator and smelter): 168 to 256 GJ/ kg PGM CO 2e emissions: 40 to 50 t/kg PGM
