Business In The News South Africa

Amcu vows to fight thousands of retrenchments at Impala Platinum

JOHANNESBURG, August 7 – The Association of Mineworkers and Construction Union (Amcu) said on Tuesday it would do its level best to save jobs at Impala Platinum, including downing tools and bringing the South African platinum industry down to its knees if necessary. Last week, the world’s second-largest platinum producer announced it would cut its […]

Business In The News South Africa

Amcu to announce its position on Implats job cuts

CAPE TOWN, August 7 – The Association of Mineworkers and Construction Union (Amcu) will on Tuesday make public its position regarding the imminent job losses at Impala Platinum (Implats) in Rustenburg. Last week, the country’s second-largest platinum producer announced it would cut its workforce by 13,000 employees over the next two years as part of the implementation […]

Africa In The News

Impala’s Zimplats agrees to hand over 24,000 hectares of land to Zim govt

JOHANNESBURG, June 6 – Impala Platinum said on Wednesday its Zimbabwean subsidiary Zimplats had agreed to release 23,903 hectares of land within its mining lease area to the government to support efforts to enable participation by other investors in the platinum mining industry. Last year, Zimplats said the Zimbabwe’s government intended to compulsorily acquire 27,948 […]