Platinum Miner

  • Why this platinum miner is bound to fail
  • Lonmin has been one of the great stories of value destruction for investors. Since my first warning about the company in 2012, it has lost 96% of its value. Simply put - it's been a big one to avoid.     Crypto Revolution: How the rise of bitcoin and cryptocurrencies could turn every R2,000 you stake into R980k       My warnings on Lonmin since 2012 ... ››› more
  • [09 November 2017]
  • This must be the craziest thing I've seen on the stockmarket in years…
  • I can still remember the first car I ever owned. It was a 1.4 VW Golf Chico with 110,000km on the clock. I got it second hand when I went to university. My dad's deal was I had to maintain it. The little car did its job well and took me everywhere I needed to go, even through the Karoo during noontime in December without air-conditioning! Through all the sweet memories I made, there are a few t... ››› more
  • [24 November 2015]
  • Discover 2015's hottest commodity and three mining shares to profit from it!
  • The US dollar is surging and the South African rand is crashing. While this is great news for the purchasing power of US consumers, it's crushed the value of almost all commodities such as oil and gold. However one commodity is showing massive promise for 2015… They’re just not making enough of these metals to meet demand… If you go back to 2012 platinum stockpiles made up about 5... ››› more
  • [13 January 2015]
  • Three platinum miners you can profit from despite the on-going mining strikes
  • If you're one of the investors still holding on to your shares in one of the big three platinum miners I feel for you… AMCU is STILL striking for its massive wage increases at Anglo American Platinum, Lonmin and Impala Platinum… In their latest update CEOs Chris Griffith, Terence Goodlace and Ben Magara said: “The extended strike on the platinum belt is unprecedented, and at a stage wh... ››› more
  • [07 April 2014]
  • The lengthy strike continues as the NUM rejects Northam's latest offer
  • The strike by members of the National Union of Mineworkers (NUM) at Northam Platinum is in its eleventh week. And today, the union announced that it had rejected the latest offer by Northam. Let's take a closer look at what's going on… Earlier today, the National Union of Mineworkers (NUM) announced that it had “rejected the latest pay over” from Northam Platinum, says MoneyWeb. The NUM... ››› more
  • [15 January 2014]
  • Platinum producers in Zimbabwe have 10 days to submit refinery plans
  • Earlier today, state media in Zimbabwe reported that platinum producers in the country had until 18 January to submit their plans to build a refinery. This affects the two biggest platinum producers. The companies, which are in the JSE's Top 40, fell on the news. Let's take a closer look at what's going on… Zimbabwe’s state media reported today that the government had “given platinum mines... ››› more
  • [08 January 2014]
  • Is mass strike action on the cards in the platinum sector?
  • Last year brought South Africa more than its fair share of industry crippling strikes. And it looks like 2014 could be panning out in a similar fashion. The Association of Mineworkers and Construction Union (AMCU) has legally obtained the right to strike at several of the country's largest platinum producers. But it has yet to put them into play. Read on to find out what could be in store for Sout... ››› more
  • [06 January 2014]
  • The costs of strikes at Northam mount up to R500 million
  • It's been nearly six weeks since workers downed tools at Northam Platinum's Limpopo mine. And the losses are mounting up for Northam. The platinum producer puts the price tag on the strike action at R500 million. Talks between the miner and union won't resume until the New Year. Let's take a closer look at the implications for Northam… Earlier today, Northam said that the cost of the strike at... ››› more
  • [13 December 2013]
  • The big platinum and gold mining companies in South Africa are doomed!
  • As things stand now, mines can't control their labour costs. Things are difficult for mining companies in South Africa thanks to the power struggle between various labour unions. In fact, the negative effect of labour unions on the mining sector cannot be overstressed. And now, even the big mines in South Africa are on a slippery slope. They're struggling to survive! And none more so than ... ››› more
  • [05 December 2013]
  • Losses mount up for Northam as strike continues
  • Earlier today, Northam Platinum said that losses from the strike at its Limpopo mine are mounting up. The company says as well as revenue lost from the strike, the striking workers are losing out on a large chunk of wages. Let's take a closer look at what's happening with the strike at Northam… The strike at Northam’s Limpopo Zondereinde mine is causes massive “losses in revenue and wages,... ››› more
  • [03 December 2013]
  • The 3 week strike at Northam has cost R200 million so far
  • As the strike by workers at Northam Platinum's mine in Limpopo enters its fourth week, Northam warns of the potential knock-on effects. The platinum producer says that a longstanding strike could result in job losses. The strike has cost Northam R200 million so far in lost revenue. But the National Union of Mineworkers (NUM) vows to continue with its industrial action. Let's take a closer look at ... ››› more
  • [25 November 2013]
  • Members of the NUM plan to march as Northam strike continues
  • Yesterday saw the strike by members of the National Union of Mineworkers (NUM) at Northam Platinum enter its second week. With no further talks held since last week's rejection by the NUM of Northam's latest offer, union members plan a march today. Let's take a closer look at what's going on… The NUM says it “will march at Northam Platinum in Limpopo,” reports Fin24. This follows a “dead... ››› more
  • [12 November 2013]
  • Lonmin shares jump higher as the platinum producer posts a profit
  • Earlier today, Lonmin Plc released its full year results. The results showed that the platinum producer is back on track, posting a profit for the year. Lonmin's production exceeded forecasts with its cost cutting measures paying off too. Let's take a closer look at what the results revealed… The world’s third biggest platinum producer, Lonmin, “returned to profit,” says IOL. It exceeded... ››› more
  • [11 November 2013]
  • The strike continues at Northam as the NUM rejects the latest pay offer
  • Yesterday, the National Union of Mineworkers (NUM) rejected the latest pay offer from Northam Platinum. Members of the NUM began strike action on Sunday over wage demands. Northam says it's ready for more talks with the union. Let's take a closer look at what's going on… The NUM announced yesterday that its members “rejected a wage raise offer” by Northam, reports Bloomberg. This sees the ... ››› more
  • [08 November 2013]
  • Northam and the NUM resume wage talks
  • On Sunday, National Union of Mineworkers' (NUM) members downed tools over wage demands at Northam Platinum's mine in Limpopo. Today, with the strike still ongoing, the two parties are back round the table trying to reach an agreement. Let's take a closer look at what's going on… Wage talks between the NUM and management of Northam began again today in a bid to come to an agreement, says the SA... ››› more
  • [05 November 2013]
  • Implats' production falls as it loses a recycling client
  • Earlier today, Impala Platinum released its production report for its first quarter. The platinum producer saw a large fall in production. Impala says this is due to the loss of a client who used it for recycling platinum. But Implats says its own production of platinum is increasing. Let's take a closer look at what the production report revealed… The second biggest platinum producer in the w... ››› more
  • [04 November 2013]
  • Strike action kicks off at Northam Platinum
  • Towards the end of last week, the National Union of Mineworkers (NUM) served Northam Platinum with a notice of their intention to strike at Northam's mine in Limpopo. On Friday, the NUM said that is was determined to go ahead with the strike action. Last night, NUM members downed tools. Let's take a closer look at what's going on… Over 7,000 members of the NUM began striking last night at Nort... ››› more
  • [04 November 2013]
  • Over 7,000 workers to strike at Northam
  • Earlier today, the National Union of Mineworkers (NUM) announced that it would begin strike action on Sunday night at Northam Platinum in Limpopo. This follows the union's rejection of Northam's latest wage offer. Let's take a closer look at what's going on… The NUM says that over 7,000 workers “will embark on a strike on Sunday” at Northam, reports IOL. The NUM rejected the employer’s l... ››› more
  • [01 November 2013]
  • Northam has 48 hours to stave off strike action
  • Earlier today, the National Union of Mineworkers (NUM) said it had given Northam Platinum 48 hours' notice of its plan to strike. This could lead to 7,000 workers downing tools at its Limpopo mine. Let's take a closer look at what's going on… Northam Platinum has received a 48 hour notice of the NUM’s “intention to strike,” reports Fin24. This follows the breakdown of wage talks between ... ››› more
  • [31 October 2013]
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