The South African National Institute for Occupational Health NIOH is currently undertaking research on the potential health effects of plati num mining on workers in the platinum industry
Get PriceThe strikes could result in an increase in cash costs both as a result of an increase in input costs labor costs and as a result of reduced output increase in costs on a per ounce basis
Get PriceEnvironmental pressure from mining activities such as those from the platinum sector occurs through the fine grounded slurry from the processing plants with its associated extracting chemicals that reach the tailings disposal facility TDF
Get PriceEnvironmental Health Impacts of Platinum Mining The Journalist
Get PriceThe global economic reserves are estimated by the United States Geological Survey USGS at 66 000 t pgms compared to 2024 production of 465 t pgms and cumulative production from 1900 to 2024 of 12 900 t pgms A recent detailed compilation of reported reserves and resources by project shows 88 800 t pgms Given the trend of maintaining and expanding economic resources the primary
Get PriceThe platinum mining industry in South Africa increased production from 163 tons in 2024 to almost 200 tons in 2024 with total sales of over R9 billion Africa Mining IQ currently tracks 82 PGM projects across South Africa across all stages of development Active 8 Operational 22 Feasibility 9 Grassroots 4 PGM Geography is SA
Get PriceThese threats have been advanced by platinum mining executives for over a year Over the last two decades there have been substantial layoffs in the gold producing sector Mines were closed and South Africa is no longer the world s largest producer of gold According to an article published in the March 31 New Age Amplats CEO Chris
Get PriceHome > impact of motor strike on platinum mining industry impact of motor strike on platinum mining industry Just fill in the form below click submit you will get the price list and we will contact you within one working day The industry leader for online information for tax accounting and finance professionals Refinitiv Products
Get PricePlatinum Group Metals Ltd PGM is a Canadian company with mining projects in the Bushveld Complex of South Africa a territory with some of the richest platinum deposits on Earth The company is poised to transform itself through the Waterberg Project a joint venture between five companies including PGM Impala Platinum and others PGM has a share of 37 05% in the Waterberg project which
Get PriceGlobal Platinum Market Trends Unique catalytic properties make platinum a widely used metal for industrial applications with one third of the global demand coming from the automotive industry alone Mining Technology monitors the global platinum market by tracking platinum prices and country wise platinum production and consumption trends
Get PriceJun 8 2024 By Coface international credit insurer Growth in SA mining production should continue to improve in the coming months as the effects of last year s five month platinum strike works through the economy However poor global growth lower commodity prices and interrupted electricity supply will keep output relatively weak
Get PriceAmplats recorded unit costs per PGM/oz of R11 739 in 2024 rising 9% to R12 832 in 2024 Amplats expects that their unit costs could rise to around 14% in 2024 Negotiations are expected to be protracted AMCU which in 2024 led the longest ever platinum mining strike settled for pay increases spread over three years following five months of
Get PriceSouth Africa s largest platinum mining companies this week warned of potential job losses while 400 workers were sacked at a chrome mine and at least one mining contractor confirmed that it would retrench 860 workers The warning of potential job losses in a country with a 25 5% unemployment rate comes as the latest Statistics South Africa Quarterly Labour Force Survey revealed a loss of 8
Get PriceStrikes have been a familiar aspect of the South African mining history most memorably with the Markiana massacre in 2024 The strike started at a Lonmin mine near Rustenburg and 41 mineworkers were killed by police In response a wave of further strikes swept across the sector Another blow to the industry came in January 2024 when nearly
Get PriceMining is the extraction of minerals and other geological materials of economic value from deposits on the Earth Mining adversely affects the environment by inducing loss of biodiversity soil erosion and contamination of surface water groundwater and soil Mining can also trigger the formation of sinkholes
Get PriceThe Impact of the 2024 Platinum Mining Strike in South Africa An Economy Wide Analysis Bohlmann HR Dixon PB Rimmer MT and Van Heerden JH In this paper we measure the economy wide impact of the 2024 labour strike in South Africa s platinum industry The strike lasted five months ending in June 2024 when producers reached an agreement
Get PriceThe crippling strike action that began on 23 January in the platinum sector has had a negative impact on total mining production The largest negative growth rates were recorded for PGMs 48 5% other non metallic minerals 13 3% and building materials 11 7% Main contributor
Get PriceImpala spokesperson Johan Theron said the strike s impact was limited because NUMSA has only 3 000 members out of the mine s 45 000 strong workforce It will only impact production at two of
Get PriceEmployee numbers in the South African platinum sector had shrunk to less than 134 000 souls by December 2024 from 145 000 in December 2024 A prolonged strike could exacerbate this reduction and may result in more restructuring and possible closures said Goodlace in a prepared statement
Get PriceThe current turbulence in the mining industry in South Africa has its roots in several different factors First the fall in global demand for platinum and other minerals due to recession; second the consequences of the Marikana disaster in destabilising labour relations; and third the structural character of our mining industry A great deal has been written about the first two factors so
Get PriceThis campaign was attacked by some in the media who questioned why the miners need help when it is they who are on strike in the first place The answer is simple because the system is exploitative to begin with That is what pushed the workers to demand a living wage of R12 500 in the first place Attempts to break the strike
Get PriceAccording to a joint statement from the platinum producers the strike reportedly affected half of the global platinum supply in which employers forfeited revenue of approximately R23 billion and employees lost earnings of some R10 7 billion
Get PriceWhile the mining houses lost billions so too did the workers themselves According to reports the industry lost some R24 billion $2 4 billion while the actual striking workers were out of pocket R10 billion $1 billion in wages Without paycheques for five long months the miners had little choice but to rely on credit to see them through
Get PriceThe drivers of this shift towards integrating innovation in mining are many and well known Labour costs are high for many mining companies with large wage premiums in the sector due to skills shortages and an aging workforce Automated technologies allow companies to remove staff from dangerous working conditions
Get PriceA wave of violent wildcat strikes that erupted periodically in 2024 rooted in a turf war between AMCU and the National Union of Mineworkers cost platinum and gold producers over 16 billion rand
Get PriceThe Rustenburg area is almost solely reliant on the platinum mining industry which is responsible for more than 65% of local GDP and 50% of all direct jobs The secondary GDP contributors are by a considerable margin finance 9% and retail 8% Some interviewees estimate that 70% of all local businesses depend on the local mining industry
Get Price9 images But lithium is not the only raw material that causes damage Securing just one ton of rare earth elements produces 2 000 tons of toxic waste and has devastated large regions of China
Get PriceThe impact of strikes in the South African mining industry has created a controversy nationally and internationally by affecting investors confidence Shares in the platinum mines were sold and were disinvested from South African platinum mines to offshore countries The situation has tarnished the reputation of South Africa which is known
Get PriceAt this week s Mining Lekgotla 13 14 August 2024 the future of the currently suppressed platinum industry is likely to be a key agenda item Whether fuel cell technology takes off is a critical determinant of what this future might look like In its latest set of facts and figures the Chamber of Mines states that despite the significant role and contribution of the platinum
Get PriceSouth Africa s mining sector is particularly exposed to the spread of Covid 19 According to the Minerals Council of South Africa the industry employs a workforce numbering almost 420 000 many of whom are underground on any given day Some mines have thousands of men and women underground descending into the depths in crowded cages
Get Price