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 …
قرأ أكثر
• Platinum contributes around 20% of output in the metal ore mining industry group with the strike assumed to render K & L unproductive for six months – shocks are weighted accordingly (10%) ... • Platinum industry output falls between 8.4% and 8.8% in 2014 ... • The impact of the strike on industry-specific investment expenditure can
قرأ أكثر
This study was aimed at determining the effects of industrial action on profitability in the South African platinum mining sector. We compared companies where employees engaged in industrial action (affected companies) to strike-free companies (competing companies). Industrial action refers to strikes by rockdrillers, as these …
قرأ أكثر
It concludes that the industry's very success in maintaining its proprietary control over the world's largest platinum endowment would combine with an unprecedented surge in global platinum demand to simultaneously position it as the most dynamic element of the post-apartheid mining economy and as the primary target of the new ANC government's ...
قرأ أكثر
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 ...
قرأ أكثر
South African studies on industrial action in the mining industry have examined the national economic effect of strikes in platinum mines, while others examined strike effects on financial ...
قرأ أكثر
The strike took around 440 000 ounces of platinum out of production. The three companies, Impala Platinum, Amplats and Lonmin suffered a total revenue loss of about R24.1billion during the strike and a further loss of R10.6 billion in wages. The five month long strike affected both the workers and the mining companies.
قرأ أكثر
The three mining contractors were not immediately available to comment. Impala spokesperson Johan Theron said the strike's impact was limited because NUMSA has only 3,000 members out of the mine ...
قرأ أكثر
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 …
قرأ أكثر
Gold is typically extracted using various methods, including placer mining, hydraulic mining, and heap leaching. Once extracted, gold ore is often processed through crushing, grinding, and chemical treatments such as cyanidation to separate the gold from the ore matrix. In contrast, platinum mining involves processes such as crushing, …
قرأ أكثر
Find the most important statistics and facts on the mining industry in South Africa. ... Number of people employed by South Africa's platinum group metal mining industry from 2011 to 2023.
قرأ أكثر
Platinum production in South Africa and major projects. According to GlobalData, South Africa is the world's largest producer of platinum in 2022, with output down by 7.68% on 2021. Over the five years to 2021, production from South Africa increased by a CAGR of 0.89% and is expected to rise by a CAGR of 4% between 2022 …
قرأ أكثر
Miners at Marikana, a mining area where British platinum mining giant Lonmin Plc had been operating, embarked on a strike over pay and poor living conditions, at the mine after the company failed to improve the workers' living conditions in line with the Social Labour Plans agreed with the government, in clear breach of its legal obligations ...
قرأ أكثر
The Impact of the 2014 Platinum Mining Strike in South Africa: An Economy-Wide Analysis. Bohlmann, H.R.1, Van Heerden, J.H.1, Dixon, P.B.2and Rimmer, M.T.2. …
قرأ أكثر
Downloadable! 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 …
قرأ أكثر
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 …
قرأ أكثر
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). ... 31 Dodd (Dodd, 1932) was nevertheless aware of the fact that the court in …
قرأ أكثر
Economic Impacts While the direct employees of the In addition to generating income for those employed mines returned to work after the by the mines, the mining industry also impacts on the local economy through directly or indirectly strike, the employees of defunct small contracting services and inputs from a host of local businesses did not ...
قرأ أكثر
The Impact of the 2014 Platinum Mining Strike in South Africa: An Economy-Wide Analysis. Heinrich Bohlmann and Jan van Heerden (UP) with Peter Dixon and Maureen …
قرأ أكثر
Just over a decade ago, in 2006, the PGMs mining industry in South Africa employed over 200 000 people and produced 9.9-million ounces of PGMs, valued at R65-billion, with margins above 30% and ...
قرأ أكثر
From 23 January to 23 June 2014, the Association of Mineworkers and Construction Union (AMCU) declared a strike at Lonmin, Anglo American Platinum (Amplats), and Impala …
قرأ أكثر
The impact of the 2014 platinum mining strike in South Africa: An economy-wide analysis. Heinrich R. Bohlmann, J. H. Heerden, +1 author. Maureen T. …
قرأ أكثر
Africas 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 could also have long lasting negative impacts on the South African economy as a whole.
قرأ أكثر
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 …
قرأ أكثر
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.
قرأ أكثر
Rock drill operators from the Lonmin platinum mine were protesting against low wages and like in Kiev, the state responded with massive violence, resulting in the death of their own people. ... The impact of Marikana. Economy. Mining is an important sector in the South African economy. It had been reported that in 2012 it brought in $21bn, or 5 ...
قرأ أكثر
Abstract. In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted 5months, ending in June 2014 when …
قرأ أكثر
On the 16 th of August 2012, a protracted strike at a platinum mine in Marikana culminated in the killing of 34 mineworkers by local security officers.
قرأ أكثر
Downloadable (with restrictions)! In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted 5months, 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 …
قرأ أكثر
The price of platinum has risen amid concerns of a coming shortage of the metal. The concerns have been fuelled by mining troubles in South Africa, the world's largest platinum producer.Miners have predicted as much as a 15% contraction in output as a result of consistent power outages in the country, where up to 75% of the world's …
قرأ أكثر
The 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 ... Impact of the 2012 and 2014 strikes This vulnerability became worryingly apparent during the 2012 and 2014 strikes, following ...
قرأ أكثر
the South African mining sector in terms of GDP and employment. South Africa accounted for 53.4 per cent of global platinum supplies in 2013 (Baxter, 2014). Despite its significant role in the South African economy, the platinum mining industry is currently facing a major crisis. The wildcat strike at Marikana in August 2012 ignited a series
قرأ أكثر
The impact of violence and intimidation on strike actions and their effect on union membership in the platinum mining industry. ... of Pretoria) →; View Item; JavaScript is disabled for your browser. Some features of this site may not work without it. The impact of violence and intimidation on strike actions and their effect on union ...
قرأ أكثر
The present study intends to investigate the impact of strikes on investors' confidence in the South African mining industry. The primary objective has been achieved by primarily focusing on share price volatility and the profitability ratios of platinum mines, using a sample period from 2008 until 25 July 2014.
قرأ أكثر
The slowdown in the European motor industry, which is sitting on large platinum surpluses, has dented revenues for all the major industry players and created …
قرأ أكثر
Dredges scoop the platinum-bearing sand or gravel from riverbeds or mining pits. The material is washed until platinum grains or nuggets are captured and pulled from the surrounding material. Sperrylite, or platinum arsenide. Photo from Thomas A. Loomis, Dakota Matrix Minerals. Platinum is also mined as an ore.
قرأ أكثر
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. The impact of the 2014 platinum mining strike in South Africa: An economy-wide analysis.
قرأ أكثر