Strikes force Amplats to halt South African platinum operations
Thursday 13 September 2012
Anglo American Platinum has been forced to suspend its Rustenberg platinum operations in South Africa amid spreading unrest among miners calling for higher wages.
Amplats, 80 per cent owned by the giant Anglo American, is the world's largest platinum producer, accounting for 40 per cent of global output.
About 1,500 protesters demonstrated outside its Bathopele mine, in Rustenberg, north of Johannesburg, yesterday, calling for its immediate shutdown. At Lonmin's nearby Marikana platinum mine, where 44 people have been killed in unrest recently, just 0.7 per cent of the workforce turned up.
Platinum prices have hit a five-month high of $1,639.49, although analysts noted that there is more than a year's surplus of the metal, which is used in industry and jewellery.
Amplats said the longer the shutdown of its mines, "the greater the risk to their long-term viability".
- 1 Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
- 2 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 3 Bill Cosby: Isn’t it obvious why his accusers have stayed silent up until now?
- 4 Halle Berry takes ex-boyfriend Gabriel Aubry to court for allegedly trying to make daughter look less African-American
- 5 Isis propaganda image showing 'abuse of Muslim woman by soldiers' is actually taken from Hungarian porn film
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Ferguson decision: Tea Party website mocks Michael Brown's family over T-shirt typo
Michael Brown shooting: Ten things we know – or know better – now the Ferguson grand jury's work is over
Isis propaganda image showing 'abuse of Muslim woman by soldiers' is actually taken from Hungarian porn film
Derren Brown on the disappointment of coming out: 'It’s not that people react badly to it – they really don't care'
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Revealed: How the world gets rich – from privatising British public services
Exclusive: UK approved £7m Israeli arms sales in six months before Gaza conflict
iJobs Money & Business
£Attractive: Citifocus Ltd: High calibre individual with significant product d...
£Negotiable: Citifocus Ltd: Leading global bank seeks experienced credit analy...
£Attractive Package: Citifocus Ltd: High calibre individual with a high degree...
£Attractive: Citifocus Ltd: High calibre individual with superior academics an...