UPDATE: 7 South African protesters arrested as Aquarius Platinum suspends Kroondal ops

September 14, 2012 By 5 Comments

Striking platinum miners in the Rustenburg area now want, Xstrata’s operations, Implats and Amandelbult to be shut down next week, along with Amplats, Lonmin and Aquarius which have already shut down to protect workers.

Aquarius Platinum has suspended operations at its Kroondal mine near Rustenburg on Friday – the fourth mine to stop operations in a protracted labour dispute. Police swooped on striking protesters outside and arrested seven people.

…Sebei said protests were continuing to close all mines in the area and named Samancor, Xstrata, (both of which operate chrome mines in the region), Impala Platinum – the world’s No. 2 platinum miner – and Amandelbult (which is located some way away from Rustenburg). He also named Murray & Roberts – a mining contractor employed by Aquarius.

The protestors had given Murray & Roberts and Aquarius Platinum management 15 minutes to respond to a request to close operations.

“We came here peacefully to ask you to close operations, because we believe workers underground are being underpaid,” workers’ leader Godfrey Lindani had said.

Police then swooped on the protesters and Eye Witness News and the SABC reported that tear gas was fired.

…….Nearby Lonmin has been closed for more than a month and Amplats suspended operations on Wednesday.

Operations were halted at Gold Fields KDC west mine near Carletonville on Sunday when workers there went on strike.

ARTICLE LINK HERE: http://www.mineweb.com/mineweb/view/mineweb/en/page35?oid=158615&sn=Detail&pid=35


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Comments

  1. Avatar of Chief Chief says:
    September 14, 2012 at 4:47 PM

    All these strikes in the miners just before QE3-infinity is announced and spreads to platinum just after that when the miners have taken off. Seems like a nice Jewish-Hollywood propoganda movie to me.
     

  2. Avatar of MaryB MaryB says:
    September 14, 2012 at 5:46 PM

    This is going to start to drive the gold price up too from what I have read.

  3. Avatar of The Doc The Doc says:
    September 14, 2012 at 5:58 PM

    @SRSrocco – thanks for the update- looks like platinum should trade above gold next week for the first time in awhile if these strikes keep up.  Rhodium up over 13% as well today!

    • Avatar of SRSrocco SRSrocco says:
      September 14, 2012 at 6:16 PM

      YEAH DOC… looks like things are going to get really interesting next week in South Africa.  I am hearing that there is a call for a NATIONWIDE STRIKE… in all mines.  Thats Platinum, Palladium, Rhodium, Gold & Diamonds. 

      Furthermore… with the trouble in the middle-east, we may also see some serious moves in oil next week and onwards. This will impact gold and silver as well.

  4. Avatar of Sumkid Sumkid says:
    September 16, 2012 at 12:55 PM

    With QE3 and this, platinum should skyrocket and pass gold. We should all buy at least a little bit of platinum but I can’t since they aren’t available at my local coin shop. My local coin shops have only gold and silver bullion. I’m sure that Kitco has some platinum bars but the last time I went there, they refused me to sell their silver coins.

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