27 января, 19:51

South African Platinum Miners Struggle As Strikes Intensify

More warning signs emerging this week in the world’s top-producing platinum nation, South Africa. Where it appears the depressed state of industry is endangering the future of several critical mines. The biggest setback came for major producer Lonmin. Which announced Thursday that its platinum production for the three months to December fell by a full 20%, to 137,000 ounces. The most surprising thing was the reason Lonmin gave for the production hit. Mine workers aren’t showing up. Lonmin’s management said the biggest factor affecting…

26 января, 18:50

Lonmin: we can't afford to house Marikana massacre families

Amid protests on 5th anniversary of deaths platinum mine owner tells AGM rockbottom metal prices means housebuilding has been slowPlatinum miner Lonmin has come under attack over its record on conditions for its workers, nearly five years after dozens of people were killed in violence at its Marikana mine in South Africa.Speaking as protesters displayed placards bearing the names of the dead, the chief executive, Ben Magara, told shareholders at the group’s annual meeting that progress on building homes for 33,000 staff had been “slower than we would have liked”. Continue reading...

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26 января, 17:26

Protesters demand apology for Marikana miner massacre outside Lonmin AGM in London.

Protesters demand an apology for the Marikana miner massacre outside UK mining company Lonmin's annual general meeting in London. Rough Cut (no reporter narration) Subscribe: http://smarturl.it/reuterssubscribe More updates and breaking news: http://smarturl.it/BreakingNews Reuters tells the world's stories like no one else. As the largest international multimedia news provider, Reuters provides coverage around the globe and across topics including business, financial, national, and international news. For over 160 years, Reuters has maintained its reputation for speed, accuracy, and impact while providing exclusives, incisive commentary and forward-looking analysis. http://reuters.com/ https://www.facebook.com/Reuters https://plus.google.com/u/0/s/reuters https://twitter.com/Reuters