Obama threatens sanctions after Zim signs Russian deal

The United States has reportedly warned Zimbabwe about its growing economic dealings with Russia after Harare recently sealed an agreement with Moscow for a US$3billion platinum mine.

According to Herald columnist Nathaniel Manheru, who is thought to be President Robert … Read the rest

Chinese want to buy SA platinum assets on the cheap after strikes

platinum ingotsBloomberg reports that China’s Long March Capital Ltd., which partners with Citic Group Corp., is considering buying South African platinum assets after their value was depressed by strikes, the company’s Managing Partner Clement Kwong said.

The company is now reviewing … Read the rest

South Africa’s Zuma equates mine layoffs with ‘blackmail’

South African President Jacob Zuma said on Monday that mining companies were almost engaging in “blackmail” when they announce plans to close mines and lay off workers.

Zuma’s pre-recorded comments broadcast on CNBC Africa come as the government, unions and … Read the rest

Quadrupled recycled platinum supply driving mining price down

A significant increase in the supply of platinum from recycling, a strong fall in demand for autocatalysts and price-elastic Chinese jewellery demand are combining to hobble the platinum mining industry.

 (Amplats) CEO Chris Griffith tells Mining Weekly Online in the … Read the rest

Police fire rubber bullets at Amplats miners

Police used rubber bullets and teargas to disperse a group of people gathered near Anglo American Platinum (Amplats) in Rustenburg on Wednesday, said a spokesman.

“Police dispersed people trying to gather illegally. As we have said, we are not tolerating … Read the rest

South African police shoot and kill striking Lonmin miners

Read also: 18 dead in Lonmin shootout

South African police opened fire on Thursday against thousands of striking miners armed with machetes and sticks at Lonmin’s Marikana platinum mine, leaving several bloodied corpses lying on the ground.

A Reuters cameraman
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