impact of motor strike on platinum mining industry

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Mining industry affected by escalating social, economic ...

 · The global mining industry is facing intensifying social, economic and political challenges, which means companies must incorporate more complex scenarios into their strategic planning, says a new ...

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Impacts of Mining | Oxfam Australia

Impacts of Mining. Mining can impact local communities both positively and negatively. While positive impacts such as employment and community development projects are important, they do not off-set the potential negatives. We have found mining can negatively affect people by: …

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2014 South African platinum strike: longest wage strike in ...

The strike took around 440 000 ounces of platinum out of production. The three companies, Impala Platinum, Amplats and Lonmin suffered a total revenue loss of about R24.1billion during the strike and a further loss of R10.6 billion in wages. The five month long strike affected both the workers and the mining companies.

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Strike action slows mining production | Statistics South ...

 · The crippling strike action that began on the 23 rd of January 2014 in the platinum sector had a negative impact on total mining production. For the first five months of 2014 total mining output contracted by 1,9% compared with the first five months of 2013. The largest contributor to the 1,9% decrease was PGMs (contributing -6,1 percentage ...

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SA gold miners face repeat of brutal 2014 platinum strike ...

 · The strike was called by AMCU, a radical union that had been gaining strength in the platinum belt following the August 2012 killing by police of more than 30 mineworkers.

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Problems in the mining industry in South africa - ECDPM

A great deal has been written about the first two factors, so this article will examine the last factor, especially as the special features of mining cuts across the whole of mining and not just platinum. Mining in South Africa has always been an enclave industry, albeit with substantial impact …

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Social impact assessment in the mining sector: Review and ...

In case of high economic dependency on the mining industry, the whole regional economy is more vulnerable to commodity price fluctuations and negative effects of boom-bust cycles can occur (Tonts et al., 2012, Petkova-Timmer et al., 2009, Wilson, 2004, Shandro et al., 2011).

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The Negotiations Process and Structures - Cornell University

In late September 2013, strikes in other sectors of the motor industry involving auto parts manufacturers, truck body and trailer builders, and car and parts dealers were still ongoing. In January 2014, another round of strikes in the platinum and coal mining industries broke out that led

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Mining strike hits SA macro and micro economy | News ...

 · Mining strike hits SA macro and micro economy. ... have not been able to capitalise on their rivals' misfortunes as the strike has not had much impact on price. ... mining strike Impala Platinum ...

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The impact of the 2014 platinum mining strike in South ...

Understanding the characteristics of the metal ores mining industry is important for understanding the economy-wide impact of the strike. The platinum group metals industry is South Africa's second largest export earner behind gold and contributes just over 2% to the country's GDP.

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Marikana: Cause and Effects | War Resisters' International

War Resisters' International. ... The impact of Marikana. Economy. Mining is an important sector in the South African economy. It had been reported that in 2012 it brought in $21bn, or 5.5% of GDP and 38% of all South African exports. ... One of the structural problems in mines is that the mining industry bosses do not establish family units ...

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Anglo American Job Cuts Strike at Core of South Africa's ...

When mining giant Anglo American PLC said that it would shed more than half its global workforce in the coming years, nowhere did the news hit harder than in South Africa, the mining behemoth's ...

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The economic impact of Marikana | Special Reports | M&G

The economic impact of Marikana ... but also specifically to the platinum min- ing industry. In many respects, the platinum sector is a microcosm of the challenges the country is facing," said ...

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Platinum Price Posed For Big Rise If South African Strike ...

 · Platinum Price Posed For Big Rise If South African Strike Talks Fail Again Tim Treadgold Contributor Opinions expressed by Forbes Contributors are their own.

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The Impact of the 2014 Platinum Mining Strike in South ...

strike in South Africa's platinum industry. The strike lasted …ve months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were partic-ularly severe, but our research shows that the strike could also have long lasting negative impacts on the South African ...

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Effects of the Mining Strikes on the South African Economy ...

 · Mining production decreased by 6,5% year-on-year in May 2014, reports Statistics SA. 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 ...

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Social impact assessment in the mining sector: Review and ...

In case of high economic dependency on the mining industry, the whole regional economy is more vulnerable to commodity price fluctuations and negative effects of boom-bust cycles can occur (Tonts et al., 2012, Petkova-Timmer et al., 2009, Wilson, 2004, Shandro et al., 2011).

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Homepage | Miningreview.com

 · Mining Review Africa is a monthly publication distributed throughout Africa and internationally to decision makers at mines, and mining houses

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SOCIO-ECONOMIC DEVELOPMENT IN THE PGM INDUSTRY

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 Automotive Industry: Economic Impact And Location ...

The automotive industry is a major industrial and economic force worldwide. It makes 60 million cars and trucks a year, and they are responsible for almost half the world's consumption of oil. The industry employs 4 million people directly, and many more indirectly. Despite the fact that many large ...

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What main factors affect share prices in the metals and ...

What main factors affect share prices in the metals and mining sector? ... There are two tiers of companies in the metals and mining sector. The top tier consists of companies such as Barrick Gold ...

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v116n3a10 Trends in productivity in the South African …

In addition to the global challenges, the South African gold mining industry has to face challenges that are unique to the country. Deloitte (2014) stated that even though mining companies are not strangers to commodity price volatility, the impact on the mining industry has recently been severe owing to declining economic growth in China.

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Q&A: Understanding the Marikana strikes | Ghana | Al Jazeera

This situation [in Marikana] was an opportunity for them to make a breakthrough in an industry and in an environment where it is difficult for new unions to make an impact in the workplace because ...

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DIAMOND MINING AND THE ENVIRONMENT FACT SHEET

DIAMOND MINING AND THE ENVIRONMENT FACT SHEET The formal diamond mining industry constantly strives to strike a balance between its economic, social and environmental responsibilities, while making a positive and lasting contribution to the environment and communities in which it operates. However there is also a

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SA gold miners face repeat of brutal 2014 platinum strike ...

 · While South Africa's gold miners don't play nearly as dominant a role in the global supply of the yellow metal as they did for most of the 20th century, a platinum-style strike would ...

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Redefining competitive advantage in the South African ...

• South Africa as a mining nation • The South African platinum mining companies over and above their technical factors. It alludes to the defining competitive advantage industry should focus on to generate sustainable competitive advantage in the future. No specific company's competitive advantages has …

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Platinum Mining: Protracted Strike by South African ...

 · Impact of the Strike on the National Economy. Reports from various economic publications indicate that the ongoing crisis within the platinum sector in South Africa has caused not only tremendous losses for the mining companies but also the economy overall which still relies heavily on the extractive industries for export.

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The mining industry strike wave: what are the causes and ...

 · Disclaimer. This paper is about underlying causes, social trends and possible solutions to address the causes of the mining strike wave crisis. It is an opinion piece that does not seek to detail the exact quantitative degree to which these trends have impacted on various commodity sub-sectors of the mining industry.

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Mining industry of South Africa - Wikipedia

Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later.

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Outlook For Platinum In Second Half 2019 | Seeking Alpha

15  · While nothing major has happened so far, the possibility that something will happen looms over the platinum industry. The irony is that low platinum prices force mining companies into …

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THE IMPACT OF MINING ON THE SOUTH AFRICAN ECONOMY …

Although this paper is focused on the current impact of the mining industry, no discussion of South African mining can avoid reference to the past. The industry was built on a migratory labour system, which, as we shall see below, endures to this day.

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Marikana strike haunts SA economy | Fin24

 · Amplats said on Thursday that the strike and subsequent ramp up had resulted in production losses of 532 000 ounces, worth about $675m at current prices. Impala Platinum, also hit by the strike, will give a production update next week but the combined industry losses are estimated to be at least 1.2 million ounces.

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Platinum on a knife-edge - PwC

maintained that the rand platinum price is unsustainably low and that we'll either see a recovery in prices or the continuance of mine closures. Unfortunately it is currently the latter that's occurring. PwC 3 Platinum on a knife-edge

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Platinum mines under fire | Fin24

 · However, the mining companies usually imported skilled labour from outside of the local area, Van Wyk said. "The promises made to communities about jobs are disingenuous," he said. The platinum industry was particularly in trouble as the platinum boom ended in 2009.

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What main factors affect share prices in the metals and ...

What main factors affect share prices in the metals and mining sector? ... There are two tiers of companies in the metals and mining sector. The top tier consists of companies such as Barrick Gold ...

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Mining Strike Impacts South African Economy - VOA News

 · Mining Strike Impacts South African Economy ... strike, such as Aquarius Platinum's, have not been able to capitalize on their rivals' misfortunes as the strike has not had much impact …

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