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 …
Over time, platinum found applications beyond jewellery, including coins, catalytic converters, and platinum bars, during the 1960s to 1980s. The platinum industry in South Africa has been a dominant force, producing two-thirds of the world's platinum, surpassing Russia as a leading producer. The 1990s witnessed a surge in demand for platinum ...
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.
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 …
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 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.
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.
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 ...
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 …
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.
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, …
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 ...
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 …
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 ...
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 …
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 ...
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 …
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 ...
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 margin, finance (9%) and retail (8%). Some interviewees estimate that 70% of all local businesses depend on the local mining industry.
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 ...
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 ...
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 ...
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 …
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. We find that it is not the higher nominal wages itself that caused the most damage, but the possible reaction by investors in the mining industry ...
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 …
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 …
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. …
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 …
Mining production decreased by 6,5% year-on-year in May 2014, reports Statistics SA. The 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 …
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 ...
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.
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.
