The Impact of the 2014 Platinum Mining Strike in South …
The strike lasted five months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining …
Mining in South Africa: Employment threats, logistical …
Mining in South Africa, a cornerstone of its economy, confronts a dire situation as falling platinum prices and logistical woes threaten job security. Government interventions and corporate strategies are under the spotlight as the sector grapples with these challenges amidst a turbulent global economic landscape.
The Platinum Boom in Rustenburg and the Bust of the …
issues in undiversified economies. The social impact that the booming of the mining industry has on the local level is still an area in need of investigation. The case study seeks to understand how the platinum mines of the boomtown Rustenburg have impacted the local social fabrics through 22 qualitative interviews in Rustenburg.
The effects of industrial action on profitability of platinum mining
Fatigue is a significant concern in the mining industry as it is a causal or contributing factor in many incidents and accidents. Fatigue can be caused by work- and non-work-related factors.
The Impact of Shareholder Primacy on Wage Negotiations …
The direct impact of the mining strike on growth in the first quarter 2014 resulted in a GDP reduction of 1.3%, according to Alers (Alers, 2014). ... Ford Motor Co., 170 N.W. 668 (Mich. 1919) the court emphasised that "…it is a well-recognized principle of law that the directors of a corporation, and they alone, have the power to declare a ...
The Impact of Shareholder Primacy on Wage Negotiations …
The Impact of Shareholder Primacy on Wage Negotiations in the South African Platinum Mining Industry ... The direct impact of the mining strike on growth in the first quarter 2014 resulted in a GDP reduction of 1.3%, according to Alers (Alers, 2014). ... Ford Motor Co., 170 N.W. 668 (Mich. 1919) the court emphasised that "…it is a well ...
Sibanye-Stillwater has contingency plans for strike at platinum …
The new strike would begin on Jan. 22 and involve around 12,500 of its members, AMCU said. Sibanye-Stillwater said while the expanded strike is allowed under the Labour Relations Act, it is within ...
Mining in Rustenburg: Driving South Africa's Economy
The Marikana massacre in 2012, which resulted in the death of 34 miners during a wildcat strike at Lonmin's Marikana operations, underscored the deep-seated issues within Rustenburg's mining industry. Despite these challenges, mining continues to be a crucial part of Rustenburg's economy.
GTAP Resources: Resource Display: The Impact of the 2014 Platinum
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted five months, ending in June 2014 when producers reached an agreement with the main labour unions. ... We conduct our analysis using a dynamic CGE model of South Africa. JEL codes: C68, J52 …
AN ESTIMATION OF THE IMPACT OF THE 2012 …
platinum-related mining industry as a result of lost production during the strike periods amounted to R10.6 billion. Two scenarios are estimated that result in a gross domestic product (GDP) loss ...
AN ESTIMATION OF THE IMPACT OF THE 2012 …
platinum-related mining industry as a result of lost production during the strike periods amounted to R10.6 billion. Two scenarios are estimated that result in a gross domestic product (GDP) loss for 2012 of 0.53 per ... impacts of strikes so that solutions to deadlocks in wage negotiations can be pursued before such deadlocks progress to ...
The impact of the 2014 platinum mining strike in South …
The impact of the 2014 platinum mining strike in South Africa: An economy-wide analysis. The impact of the 2014 platinum mining strike in South Africa: An economy-wide analysis. Heinrich Bohlmann. 2015, Economic Modelling. See …
The impact of the 2014 platinum mining strike in South …
DOI: 10.1016/J.ECONMOD.2015.08.010 Corpus ID: 26868273; The impact of the 2014 platinum mining strike in South Africa: An economy-wide analysis @article{Bohlmann2015TheIO, title={The impact of the 2014 platinum mining strike in South Africa: An economy-wide analysis}, author={Heinrich R. Bohlmann and J. H. van …
The Impact of the 2014 Platinum Mining Strike in South …
elements of the strike (wages, investment, ERoR in the industry) • Platinum contributes around 20% of output in the metal ore mining industry group with the strike assumed to …
The Impact of the 2014 Platinum Mining Strike in South …
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted five months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were particularly severe, but our research shows that the strike …
Impala Platinum reports strike at Bafokeng operations
The company said it had obtained a court order against the job boycott. "The longer-term impact of this illegal strike poses a risk to sustainable employment, particularly given Impala Bafokeng ...
The impact of the 2014 platinum mining strike in South …
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted 5 months, ending in June 2014 when producers reached an agreement with the main labour unions.The immediate impacts on local mining towns were particularly severe, but our research shows that the strike …
06 2014 The impact of industrial action in the platinum …
This could intensify when platinum-mining inventory levels are increasingly depleted. In the wake of the strike the international price of platinum has, on balance, increased …
How is Platinum mined? | Full Guide to Platinum Production
What are the Environmental Impacts of Platinum Mining? While platinum is invaluable to modern society, its extraction and processing come with environmental challenges. These include landscape disruption, water overuse, and the release of pollutants. ... However, the platinum industry is increasingly focusing on sustainable …
AMCU extends strike to Sibanye-Stillwater's platinum …
The Association of Mineworkers and Construction Union (AMCU) has declared that it will begin secondary strike action against Sibanye-Stillwater's platinum operations following nine weeks of industrial action against the company's gold projects.
Platinum seen contributing as much to South Africa's
A strong PGMs mining industry, actively investing in market development and supported by government to ensure that the platinum price reflects platinum's value in use, could generate revenue of ...
Industrial demand for platinum rises to record high
JOHANNESBURG (miningweekly.com) – During 2023, platinum has benefited from stellar industrial demand reaching a record level, with 2024 heading for the third-highest industrial demand spot.
Risky business: Anglo American's South African struggle
One of the world's biggest producers, Anglo American's platinum subsidiary, suffered huge disruption after three months of wildcat strikes. In a recent statement, the company said the strikes affecting its operations have had "a significant financial impact on the company", adding that to date, it has lost 191,359 ounces of …
How does the mining sector impact the South African economy?
Mining industry's economic impact. The mining sector, which was formerly dominating, now contributes to barely 8% of South Africa's GDP (GDP). Agriculture's and manufacturing's relative contributions have likewise decreased since the mid-twentieth century, while those in the other sectors have increased.
The Impact of the 2014 Platinum Mining Strike in …
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 ...
Platinum in South Africa
According to GlobalData, South Africa is the world's largest producer of platinum in 2023, with output up by 0.66% on 2022. Over the five years to 2022, production from South Africa decreased by a CAGR of 3.26% and is expected to rise by a CAGR of 0.68% between 2023 and 2027.
IMPACT OF STRIKES ON INVESTORS' CONFIDENCE IN …
routine in the South African mining industry. It is recommended that investors approach the impact of strikes from a global point of view and not only within the South African context. The broader perspective regarding the impact of strikes in South Africa is that it can lead to a recession. However, the South African mining industry is not ...
The impact of violence and intimidation on strike …
The impact of violence and intimidation on strike actions and their effect on union membership in the Platinum Mining Industry. Lusanda Khanyiso Sam . 98116755 . A Submission to the Gordon Institute of Business Science, University of Pretoria, in partial fulfilment of the requirements for the degree of Master of Business Administration ...
CSR and Labor Policies in the South African Mining Industry
Fine and Rustomjee posit that South Africa has been a leading global supplier of minerals and mineral products for a long time.Neingo and Tholana aver that the mining industry in South Africa directly adds about 7% to the country's gross domestic product (GDP).Also, the industry is responsible for at least R540 billion in exports each year, which is 66% …
The Impact of the 2014 Platinum Mining Strike in South …
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted 5. months, ending in June …