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The Association Of Mineworkers And Construction Union

  • Government failures could offer you a potential opportunity to profit
  • As a South African, we're tired of waking up every day and reading the comedy politicians spew out. In some way it's very entertaining. But in another way, it's very worrying that these are the people that lead our country on a daily basis. It's extremely worrying that we have government officials who have no clue what they're doing. Yet we still have people standing up and delivering the... ››› more
  • [27 May 2015]
  • Lonmin dismisses reports of mass retrenchments
  • It's been a tough year for Lonmin so far. A five-month strike in the platinum sector hit its production. Yesterday, reports speculated that the platinum miner had plans to let go up to a fifth of its workforce. But the CEO of Lonmin, Ben Magara, says this is untrue. He says the miner is concentrating on increasing production. Let's take a closer look at what's going on… Lonmin foc... ››› more
  • [26 August 2014]
  • The NUM and Kumba enter a new three-year wage deal without the threat of a strike
  • Earlier today, the National Union of Mineworkers (NUM) announced that it had agreed to a new wage deal with Kumba Iron Ore. The deal sees the union securing the best wage hikes for its lowest paid members. Let's take a closer look at the new wage deal… The wage deal sees a solid rise in pay The NUM has “secured a 17.5% increase for the lowest category of employees” with Kumba... ››› more
  • [31 July 2014]
  • Royal Bafokeng Platinum and the NUM sign a new wage deal without a strike in sight
  • After the five-month long strike that crippled the production of the world's three top platinum producers, another platinum producer has signed a new wage deal without any industrial action. Yesterday, Royal Bafokeng Platinum and the National Union of Mineworkers (NUM) announced a new three-year wage deal. Let's take a closer look at the new agreement… A new wage deal in the platinum se... ››› more
  • [18 July 2014]
  • Anglo American reports a 40% drop in platinum production
  • The parent company of Anglo American Platinum (Amplats), Anglo American, released its second quarter production report earlier today. Not surprisingly, the diversified miner reported a sharp drop in platinum production. But other resources mined showed strong growth. Let's take a closer look at the report… Anglo American shares dipped on release of the report On release of the report... ››› more
  • [17 July 2014]
  • Implats contends with yet another strike
  • On Friday, around 2,000 workers at Impala Platinum (Implats) downed tools in a wildcat strike at the platinum producer's Marula mine. This comes just weeks after the five-month long strike in the platinum sector came to an end. Let's take a closer look at what's going on… NUM members want higher wages Employees of Impala “affiliated with the National Union of Mineworkers (NUM)” began str... ››› more
  • [07 July 2014]
  • Workers take the first steps to getting back to work at the platinum mines
  • Following the Association of Mineworkers and Construction Union (AMCU) and the platinum producers signing new wage deals yesterday, workers are streaming back to the mines today. But it will be at least a week before any type of production resumes. Let's take a closer look at what's going on… The longest strike in South African history is over This morning saw thousands of workers going back... ››› more
  • [25 June 2014]
  • An end to the platinum sector strike firms up the rand
  • Yesterday afternoon, news emerged that the five-month long strike in the platinum sector was over. The Association of Mineworkers and Construction Union (AMCU) and the top three platinum producers finally agreed a new three-year deal. The rand strengthened on the news. And this morning the rand continues to hold its gains. Let's take a closer look at what's going on… The rand rallied 1% on ne... ››› more
  • [24 June 2014]
  • The five month strike in the platinum sector is finally over
  • Late yesterday afternoon came the news that finally the platinum sector strike was over. The Association of Mineworkers and Construction Union (AMCU) is set to sign the new agreements today. And all going well, striking employees will return to work tomorrow. Let's take a closer look at what's going on… The AMCU agrees to sign the new deal The AMCU’s has “officially declared an end to th... ››› more
  • [24 June 2014]
  • After five months, the platinum strike could be over in days
  • Today marks five months since members of the Association of Mineworkers and Construction Union (AMCU) began strike action against the three largest platinum producers. It looks like the strike is finally coming to an end as the AMCU presents new offers to its members today. An agreement will see the longest strike in South African history come to an end. Let's take a closer look at what's going on... ››› more
  • [23 June 2014]
  • The Labour Court rules the AMCU cannot strike in the gold sector
  • In January, the Association of Mineworkers and Construction Union (AMCU) attempted to down tools at three gold producers as it began strike action in the platinum sector. The affected gold producers took the AMCU to court over the matter. They obtained an interdict preventing the AMCU from striking. Today, the Labour Court made the order permanent. Let's take a closer look at what's going on… ... ››› more
  • [23 June 2014]
  • Just when the platinum sector strike looked to be ending…
  • …The union appears to change its demands. This follows the Association of Mineworkers and Construction Union (AMCU) and the platinum producers agreeing ‘in principle' to a resolution at the end of last week. But now it's emerged that the union has issued further demands. An end to the lengthy strike is starting to look further away. Let's take a closer look at what's going on… The AMCU is... ››› more
  • [18 June 2014]
  • An end to the platinum sector strike could still be weeks away
  • At the end of last week came the good news that the platinum producers and the Association of Mineworkers and Construction Union (AMCU) were on the brink of an agreement. It appeared the union just had to run the new deal past its members. But as the long weekend has passed, a deal is no closer. So what's going on? Let's take a closer look… Platinum producers and the AMCU have yet to finalise... ››› more
  • [17 June 2014]
  • The platinum producers wait for a decision over the strike
  • At the end of last week, hopes that the long standing strike in the platinum sector could be drawing to a close were rising. The Association of Mineworkers and Construction Union (AMCU) were finally taking an offer back to their members for consideration. But as the weekend neared an end, there was still no news on a decision. Let's take a closer look at what's going on… Is no news good news ... ››› more
  • [16 June 2014]
  • The platinum sector strike is finally nearing an end… but at what cost?
  • Yesterday marked a breakthrough in the near five month long strike in the platinum sector. After members of the Association of Mineworkers and Construction Union (AMCU) downed tools at the world's top three platinum producers on 23 January, it looks like it's just a matter of time before the strike will end. Let's take a closer look… The AMCU is close to accepting the new wage offer The pres... ››› more
  • [13 June 2014]
  • The AMCU's president will address members today as strike continues
  • As the platinum sector strike edges closer to five months long, today the president of the Association of Mineworkers and Construction Union (AMCU) is to meet with striking members in Rustenburg. As well as the economic effects of the platinum strike, the people in the area affected by the strike are really bearing the brunt. Let's take a closer look at what's going on… Where to now for the s... ››› more
  • [12 June 2014]
  • The palladium price climbs as supply fears grow
  • Today, marks 20 weeks to the day since the strike by members of the Association of Mineworkers and Construction Union (AMCU) downed tools over wage demands at the world's top three platinum producers. The price of palladium has been rising steadily since the beginning of the strike. And this week, the metal showed a spectacular rally. Let's take a closer look at what's going on… The palladium... ››› more
  • [12 June 2014]
  • Jobs could be on the line as the platinum sector strike nears 20 weeks
  • Tomorrow marks 20 weeks since members of the Association of Mineworkers and Construction Union (AMCU) downed tools at the world's top three platinum producers. And despite numerous interventions and mediators along the way, the strike looks no closer to an end. The situation is edging on desperate. And now job losses could become a reality of the lengthy stoppage. Let's take a closer look at what'... ››› more
  • [11 June 2014]
  • The mining minister bows out of platinum sector strike talks
  • Just two weeks ago, Ngoako Ramatlhodi became new mining minister when President Jacob Zuma reshuffled his cabinet. Mr Ramatlhodi vowed to bring an end to the long standing platinum sector strike, which began on 23 January. But yesterday, the minister and his government team stood down from their roles as mediators in current talks. Let's take a closer look at what's going on… The government t... ››› more
  • [10 June 2014]
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