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Implats 3Q PGM Production Slips; Backs Full-Year Guidance


Provided by
Dow Jones
By Jaime Llinares Taboada
Impala Platinum Holdings Ltd. on Friday reported that its production of platinum group metals fell in the fiscal third quarter, but reaffirmed full-year guidance.
The South African mining company refined 800,000 ounces of 6E platinum group metals platinum, palladium, rhodium, iridium, ruthenium and gold in the three months ended March 31, it said. This was down from 862,000 ounces a year earlier, when the company undertook a material reduction in excess accumulated inventory.
Conversely, sales volumes increased 14% to 862,000 ounces in the period, the company said.
In addition, Implats reaffirmed full-year guidance of 3.2 million-3.5 million ounces, with adjusted operating costs of 14,600 rand-15,100 rand ($1,026-$1,061) per 6E ounce, and capital expenditure of ZAR5.8 billion-ZAR6.2 billion. ....

South Africa , South African , Nico Muller , Jaime Llinares Taboada , Dow Jones Company Inc , Impala Platinum Holdings Ltd , Platinum Holdings , Executive Nico Muller , Dow Jones , நிகோ முல்லர் , டோ ஜோன்ஸ் நிறுவனம் இன்க் , இம்பழ வன்பொன் ஹோல்டிங்ஸ் லிமிடெட் , வன்பொன் ஹோல்டிங்ஸ் , நிர்வாகி நிகோ முல்லர் , டோ ஜோன்ஸ் ,

Amcu wants ConCourt to ensure solidarity strikes are legally protected


Amcu wants ConCourt to ensure solidarity strikes are legally protected
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Johannesburg - The Association of Mineworkers and Construction Union (Amcu) wants the Constituional Court to pronounce that solidarity strikes are legally protected in the country.
Formally referred to as secondary strikes, these are a form of industrial action by workers in support of a strike initiated by fellow union members in a separate company.
In Amcu’s case, protected secondary strikes would enable the union to bring the gold, platinum and coal mines to their knees if one employer failed to meet workers’ demands.
Amcu’s resolve to push for protection of solidarity emanated from a failed bid to achieve this in 2019. ....

South Africa , Rustenburg Platinum Mines , David Thatcher , Sandra Labuschagne , Construction Union Amcu , Constituional Court , Anglogold Ashanti , Constitutional Court , Labour Appeal Court , Association Of Mineworkers , Labour Court , Construction Union , Glencore Operations , Marula Platinum , Impala Platinum , Rustenburg Platinum , Labour Relations , Sibanye Gold , டேவிட் தாட்சர் , ஆங்கிலோகோல்ட் அசாந்தி , அரசியலமைப்பு நீதிமன்றம் , தொழிலாளர் முறையீடு நீதிமன்றம் , தொழிலாளர் நீதிமன்றம் , கட்டுமானம் தொழிற்சங்கம் , குளெங்கோறே செயல்பாடுகள் , மருலா வன்பொன் ,

Foreign investors' hope in Zimbabwe grows as business confidence improves – The Zimbabwe Mail


SHARE PRICES IN Zimbabwe doubled in the first three months of 2021. Historically, strong share price performances in Zimbabwe have been a negative sign, usually driven by investors buying equities as a store of value when there were serious currency concerns. For the first time in years, we believe that this performance is, instead, largely driven by fundamentals.
The country, once known as the Breadbasket of Africa, became the textbook example of how economic and political policies can ruin an economy. The general perception is that of a country where money printing and hyperinfla­tion is the norm, where indigenisation destroyed property rights and where foreign investors never get their money back. In summary, the perception is that Zimbabwe is uninvestable. ....

Mashonaland East , Floris Steenkamp , Coronation Africa Frontiers Fund , Australian Stock Exchange , Reserve Bank , Kariba Dam , Africa Frontiers , Impala Platinum , மஷோனலண்ட் கிழக்கு , ஆஸ்திரேலிய ஸ்டாக் பரிமாற்றம் , இருப்பு வங்கி , இம்பழ வன்பொன் ,