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Jun 7 2014Investors with a taste for precious metals will be watching the platinum market closely next week because if last ditch talks to end a five month long strike by workers in South Africa s all
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In 2024 platinum industry workers went on a strike that lasted five months It was the longest strike in the history of South African mining In 2024 a high court in Johannesburg approved the historic compensation deal for the miners who contracted the fatal silicosis disease when they worked in the mines Politics
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Global Platinum Market Trends Unique catalytic properties make platinum a widely used metal for industrial applications with one third of the global demand coming from the automotive industry alone Mining Technology monitors the global platinum market by tracking platinum prices and country wise platinum production and consumption trends
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Nov 17 2022The focus of this drill program will be the Beryl Dyke B1 which returned two grab samples assaying and % Li2O and Beryl Dyke B2 which returned three grab samples assaying
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The Rustenburg area is almost solely reliant on the platinum mining industry which is responsible for more than 65% of local GDP and 50% of all direct jobs The secondary GDP contributors are by a considerable margin finance 9% and retail 8% Some interviewees estimate that 70% of all local businesses depend on the local mining industry
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Platinum Processes Uses A solid platinum nugget Image from Nuggets or grains of pure platinum can be found in nature but more frequently platinum is found alloyed with other metals such as iron copper gold nickel and the other size of platinum grains or nuggets varies from small granules to pebbles weighing up to 20 pounds 9 kg or more
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The mining industry has been the mainstay of our economy since 1867 and can continue to play a major role in years to come All role players in the sector would undoubtedly agree on the need for a strong and vibrant mining sector that contributes to growth and creates jobs but also ensures decent living and working conditions for miners
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South Africa holds about 80% of the world s known platinum reserves and the dispute is expected to cripple the global industry Lerato Mbele reports from Johannesburg Show more
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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 7% Main contributor
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One of the most financially beneficial trades‚ the mining industry ‚ has had a massive impact on the Australian economy in many ways‚ for example this industry employs more than 200‚000 Australians a year‚ over the span of 11 years over $400 billion worth of resources were originated Premium Australia Economy of Australia Economics 765 Words
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2 days agoUIWANG South Korea Nov 24 Reuters Unionised truckers in South Korea kicked off their second major strike in less than six months on Thursday threatening to disrupt manufacturing and fuel supplies for industries from autos to petrochemicals in the world s 10th largest economy With fuel costs soaring the truckers are calling on the
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Impala spokesperson Johan Theron said the strike s impact was limited because NUMSA has only 3 000 members out of the mine s 45 000 strong workforce It will only impact production at two
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benefits of mining Platinum Group Metals PGMs in South Africa It complements a Life Cycle Assessment recently carried out by the International Platinum Group Metals Association IPA to assess the environmental impacts of the primary and secondary production of PGMs and the benefits of using PGMs in catalytic converters autocatalysts
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The impacts of the strikes have been harsh for South Africa In the mining industry union rivalries between Association of Mineworkers and Construction Union AMCU and National Union of Mineworkers NUM continued to stretch the wage negotiations and also fuel the strikes and stall production
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Another challenge facing the platinum sector is that companies sold assets due to the impact of the strike on operations and unprofitable mines were closed The structure of the platinum companies would possibly change as the platinum companies merge with other companies This would change the capital structure of the companies
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Sep 17 2022the contract also includes a university in the state of ohio will pay footage from the past 50 years $ over claims that it falsely accused mining magnate chris ellison and real estate billionaire tim a local bakery of roberts have sold a remote 18 000 hectare farm in new zealand racism says the new for a record nz$30m £ says …
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Oct 7 2024 The report contains an overview of global platinum mining industry historical and forecast data on the production and consumption It also provides detailed analysis of the COVID 19 impact on
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Nov 16 2022Top green hydrogen/fuel cell collaboration boost for platinum group metals Posted 2024 11 16 Mining Weekly Headlines A joint development agreement struck between global majors Nel Hydrogen US and General Motors is expected to speed up the development of green read full story
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Mar 22 2022Amplats recorded unit costs per PGM/oz of R11 739 in 2024 rising 9% to R12 832 in 2024 Amplats expects that their unit costs could rise to around 14% in 2024 Negotiations are expected to be protracted AMCU which in 2024 led the longest ever platinum mining strike settled for pay increases spread over three years following five months of
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112 LEGISLATIVE HEARING ON REFORMING THE MINING LAW OF 7580 TO MODIFY THE REQUIREMENTS APPLICABLE TO LOCATABLE MINERALS ON PUBLIC DOMAIN LANDS CONSISTENT WITH THE PRINCIPLES OF SELF INITIATION OF MINING CLAIMS AND FOR OTHER PURPOSES CLEAN ENERGY MINERALS REFORM ACT OF 2024 Thursday May 12 2024 House of Representatives Subcommittee on Energy and Mineral
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The South African National Institute for Occupational Health NIOH is currently undertaking research on the potential health effects of plati num mining on workers in the platinum industry
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Pienaar adds that protracted strikes in mining also have a negative impact on investor sentiments the Chamber of Mines estimated that the country s platinum strikes were costing the economy about $36 million a day Terence Goodlace CEO of Impala Platinum was quoted this week as saying the strike in the platinum sector will have
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Illegal mining is on the rise in South Africa and presents challenges that need to be addressed from a range of perspectives It takes place at abandoned mines and at operating mines with illegal miners often operating under dangerous conditions The growth in illegal mining could be attributed to the combination of a difficult socio economic
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The current turbulence in the mining industry in South Africa has its roots in several different factors First the fall in global demand for platinum and other minerals due to recession second the consequences of the Marikana disaster in destabilising labour relations and third the structural character of our mining industry A great deal has been written about the first two factors so
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Of the few studies that have been published they have mainly focused on the impacts of mining Maboeta et al 2024 Wahl et al 2024 or agriculture Helling et al 2024 Reinecke and Reinecke 2024
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Jun 20 2022Impala spokesperson Johan Theron said the strike s impact was limited because NUMSA has only 3 000 members out of the mine s 45 000 strong workforce It will only impact production at two
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The main employers Anglo American Platinum Impala Platinum and Lonmin signed a wage agreement to end the 5 month strike The agreement provides for a R1 000 a month increase each year for the two lowest bands of employees Vecchiatto 2024 The Platinum strikes have caused what is called an adverse supply shock
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Mar 05 2024· Earlier this month the Chamber of Mines estimated that the country s platinum strikes were costing the economy about $36 million a day Terence Goodlace CEO of Impala Platinum was quoted this week as saying the strike in the platinum sector will have absolutely dire consequences for the industry
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As a result of this strike the platinum industries lost billions of rands 29 According to the report by Economic Research Southern Africa the platinum group metals industry is South Africa s second largest export earner behind gold and contributes just over 2% of the country s Gross Domestic Product GDP 30 The overall metal ores in the mining industry which include platinum sells about
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The strike affected all three of South Africa s major platinum producers with Lonmin hardest hit [1] Mines which would otherwise produce around 40% of the world s platinum had seized operating [5] AMCU demanded that minimum wage be increased from 5 000 rand $US 480 to 12 500 rand $1 200 a month
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