impact of motor strike on platinum mining industry



Platinum demand faces massive impact from electric car

12 07 2017  Platinum demand faces massive impact from electric car growth IPMI LONDON Reuters Take up of electric cars may prove more devastating for platinum

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2014 South African platinum strike

Impact The strike cost the platinum industry around 1.2 million ounces of production worth about 24 billion rand 2.25 billion Amplats estimated it had lost 11 billion rand 1.04 billion in revenue The company spent about 2.4 billion rand on overhead on mines closed during the strike.

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Strikes can mean disaster for both parties

Strikes can mean disaster for both parties The recent strikes in South Africa illustrate the damage that can be caused the workers have lost pay due to absence from work and the employers have lost business South Africa s economy has become an extremely competitive one and losing business to a competitor is a serious blow.

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Impact Of Motor Strike On Platinum Mining Industry

Impact Of Motor Strike On Platinum Mining Industry randpic The impact of the 2014 platinum mining strike in South Dec 01 2015 The first round impact of the shock is to reduce productive capital in the metal ores mining industry in 2014 by 10 and also to reduce the economy wide labour

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Implats pays fat dividend but strikes cautious tone on

02 09 2021  Implats shareholders benefitted from the strong gains in platinum and palladium prices with its profit up 130 over the past year The company is paying out a final dividend of R12 per share bringing the total dividend to R22 But Implats struck a cautious tone on the metals price outlook Rallying metal prices and higher sales saw Impala

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A history of mining in South Africa ZA

I I t was with these dangers in mind that miners have demanded higher wages throughout the industry s 150 year history As a result mining has been marred by violence with the Marikana Massacre of 2012 being the most recent occurrence where police killed 34 workers and injured 78.

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Risk management and risk factors

From a low of 26/oz in January 2011 the price rose steadily to reach a high of 49/oz in April 2011 By December 2011 the price had dropped to around 28/oz again Factors affecting the price of silver include investor demand physical demand for silver bars industrial and

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Top 10 business risks and opportunities 2020

30 01 2020  License to operate LTO is the risk for the second year in a row License to operate and disruption run through this year s risks as social responsibility and broader stakeholder demands intensify License to operate remains in the slot with 44 of our business risks survey respondents 1 putting it at the top of the list.

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The social and environmental impact of mining in the ACP

ENVIRONMENTAL IMPACT Mining has often a negative impact on the environment by the pollution it causes Pollution The impact of mining on the environment affects different aspects Radioactive substances emanating from uranium mines have such devastating effects on the environment The massive use of water by mining companies and industrial

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PDF IMPACTS OF IRON ORE MINING ON WATER QUALITY AND

Iron ore and aluminum mining have extensive environmental impacts compared to other metals on a universal scale Nuss Eckelman 2014 Severe burden of iron in water from mining is detrimental

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South African platinum workers strike over pay

23 01 2014  This is the biggest industrial unrest in South Africa s platinum sector since the 2012 Marikana massacre when police shot dead 34 striking miners Unlike 2012 the current strike is legal.

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Financial reporting in the mining industry International

issues that are unique to the mining industry and includes a number of real life examples to demonstrate how companies are responding to the various accounting challenges along the value chain Of course it is not just IFRSs that are 17.2.2 How does it impact the mining sector

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Environmental Risks of Mining

Deforestation due to mining leads to the disintegration of biomes and contributes to the effects of erosion In situ leach ISL mining ISL mining has environmental and safety advantages over conventional mining in that the ore body is dissolved and then pumped out leaving minimal surface disturbance and no tailings or waste rock World Nuclear Association 2012 .

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Extraction and Refining of the Platinum Metals

ensure to industry throughout the world adequate and continuing supplies of these metals Platinum Metals Rev 1963 7 41 136 143 136 The earlier stages of the mining and recovery of the platinum metals from the Rustenburg Platinum Mines have been reviewed in some detail in this journal I

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The top risks facing the South African mining industry

21 11 2017  Identification of risks and the management thereof is an important role of management in a company On a yearly basis listed companies use their integrated report to communicate to stakeholders the risks they have identified to the business and the management thereof. According to to industry focused assurance advisory and tax services provider PwC South Africa s Mine Report 2017 the

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5 South African Natural Resources That Changed The World

21 05 2020  Platinum South Africa has more than 80 of the globe s platinum reserves This has helped to make its platinum mining industry one of the

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The 1973 1975 Energy Crisis and its Impact on Transport

09 10 2016  The impact on western countries was not only to make them wish to economise on oil use but also to seek increases in supply and reductions in demand for other fuels The overtime ban and subsequent strike in the coal industry reinforced this trend in Britain but efforts to reduce overall fuel use continued after the miners dispute was concluded.

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What Is The Environmental Impact Of The Mining Industry

25 04 2017  Mining adversely affects the environment by inducing loss of biodiversity soil erosion and contamination of surface water groundwater and soil Mining can also trigger the formation of sinkholes The leakage of chemicals from mining sites can also have detrimental effects on the health of the population living at or around the mining site.

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Industrial Policy Action Plan IPAP 2018/19 2020/21

mining industry has the challenge of securing future demand for the metal as electric vehicles replace the need for catalytic converters Mining companies in particular have a strong interest in the building of industries that use new platinum applications Consequently the mining industry through deploying key

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South African gold miners strike over slave wages in

03 09 2013  About 80 000 gold miners in South Africa walked out on strike on Tuesday night raising fears of renewed violence in the crisis hit industry and underlining the government s dwindling authority.

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Five common challenges facing the mining industry

As a result mining companies are focussed on improving efficiency and reducing cost more than ever 5 Environmental footprint Traditionally a carbon intensive industry miners are now looking at ways to reduce their environmental impact more than ever One of the major ways it can do so is by evaluating their energy usage.

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Mining and your Community Know your Environmental Rights

Mining is an important industry in South Africa but it is also an industry with a damaging impact Mining often pollutes the water air and soil and can disrupt farming activities and community life Communities throughout South Africa struggle to defend their rights to their land to their environment and to their resources when

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impact of motor strike on platinum mining industry

Mining industry of South Africa Wikipedia Mining industry of South Africa Premier Diamond Mine Cullinan The Vredefort Dome impact which lies within the basin and the nearby Bushveld Igneous Complex are both about a billion years younger than the interpreted age of the gold platinum industry workers went on a strike that lasted five months.

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Platinum Group Elements Supply and Demand

Platinum group elements PGEs face a very different problem than that of other strategic metals Despite the fact that the Bushveld Complex mine in South Africa has the resources to supply world demands for platinum for the next century miners strikes complicate the economic stability of PGEs.

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How Palladium and Platinum s Success is Linked to Electric

There are some differences between platinum and palladium supply that we should take note of here First 90 of platinum is produced by South Africa and the broader region mainly Zimbabwe while a large mining supply of palladium comes from Russia 29 and South Africa 27 Second while platinum comes from platinum mines in South Africa

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Mining strikes The costs to SA s economy

05 03 2014  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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Statista

Find statistics consumer survey results and industry studies from over 22 500 sources on over 60 000 topics on the internet s leading statistics database

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Industrial Revolution Definitions Causes Inventions

14 10 2009  Impact of Steam Power An icon of the Industrial Revolution broke onto the scene in the early 1700s when Thomas Newcomen designed the prototype for the first modern steam engine

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End of South Africa s platinum mine strike signals end of

25 06 2014  After five months South Africa s platinum miners strike has ended with a deal that will see the lowest paid workers receiving increases of R1 000 £55 a month.

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Platinum strike effects far from over

14 08 2014  While the five month wage strike in South Africa s platinum sector may have finally been resolved the repercussions on the industry the country and particularly the affected communities are long term Sadly it s the workers themselves their communities that rely on the mine workers and the parallel informal and formal commercial businesses that have been the hardest hit Warren Beech

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Zuma Says South African Mine Strikes Have Significant Impact

11 10 2012  South African President Jacob Zuma said mining strikes are having a significant impact on an economy already struggling to cope with Europe s debt crisis.

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The Marikana Massacre A Historical Overview of the Labour

strike by the mining workers became a climax of the more problems the workers experienced in the mining sector The following were some of the miners grievances The brutal role of employers and the mining industry In the recent years since 1994 the massive platinum boom in

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Problems in the mining industry in South africa

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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