Aquarius Platinum Share Discussion Threads

[jibba jabber] 08/10/2012 08:10

How to kill a rally, great.

[mrminister] 08/10/2012 08:06

nice top up chance again .......the news broke friday hence the quick fall @ 3pm

drop today looks a bit urgent given the low vol by 8.15

platinum down with a bump too .....

[mclellan] 08/10/2012 08:04

Morning all- let's hope for a week that reflect's the increasing price of platinum

[che7win] 08/10/2012 07:49

CEO resigns!

[snatander] 08/10/2012 07:48

90p target for me

[dohnot] 08/10/2012 07:43

interesting change, wonder if the board aren't happy with the company performance and the share price .in particular the decision to close the mines. Rns suggests they think he acted hastily in closing the mines - guess he should have known that strikes and trouble was coming and that plat price had bottomed. Id guess the new man when in place, one of the first jobs will be to open up the mines now..

[saint in exile] 08/10/2012 06:43

DOWN 6% ASX.

[scientologyweirdo] 07/10/2012 23:06

Resignation of CEO

[tez123] 07/10/2012 08:24

Striking SA miners threaten violence
AFP/Rustenburg



Some of the 12,000 miners sacked by Anglo American Platinum (Amplats) protest their dismissal and mourn a colleague killed in clashes with police at Bleskop Stadium in Rustenburg yesterday Hundreds of the 12,000 miners, sacked by the world's largest platinum producer in South Africa on Friday, yesterday rejected their dismissal at a rally that also mourned a colleague killed in clashes with police.
Their leaders spoke to the workers at a stadium in the northern town of Rustenburg and encouraged them to reject the dismissal by Anglo American Platinum (Amplats), and to keep protesting until they win a pay rise.
"This is the beginning of the war," one leader Gaddhafi Mdoda said to loud cheers.
"Management is just trying to frustrate us. We won't back down," said another, George Tyobeka.
"If Anglo American are not willing to put something on the table, they must pack their things and go," Mdoda told AFP.
Some workers said they would use violence to force mine management to rehire them. "If they are not willing to talk to us many things will be burnt starting from today," said Hendrick Mpondo, 27.
"Right now some of the workers were planning to go and burn the smelters."
Near the Thembelani shaft, three vehicles torched on Friday night still lay by the roadside, a sign of the violence that has accompanied the strike.
Groups of workers from various shafts made their way into the stadium under police escort, singing and chanting slogans, while a helicopter circled the area.
Workers observed a moment of silence for a colleague who died during clashes with police on Thursday, near a hill where they have been staging daily demonstrations.
Despite threats of violence, the workers later dispersed peacefully, but vowed to continue their protests until their demands are met. Most of them were unarmed, unlike on other occasions where sticks and other forms of homemade weapons have been brandished.
Workers are pushing for at least the 11% to 22% raises that those at Lonmin's nearby Marikana mine received after a strike that left 46 dead, 35 of whom were killed by police.
In Marikana on Friday evening, a National Union of Mineworkers (NUM) branch leader at a different mine was shot dead in what the union has described as an assassination.
"The NUM is shocked at yet another assassination of one of its branch leaders in Marikana," the union said in a statement. "This comes after the death of the NUM branch chairperson last weekend and the attack on another branch leader who escaped while his wife was killed."
Unions have come under fire as workers reject the traditional negotiation structures and accuse their guilds of conniving with mine managers.
Around 28,000 Amplats workers have been on a wildcat strike for three weeks at the firm's sprawling facilities in Rustenburg, which account for around a quarter of world platinum production.
Amplats on Friday said the miners had failed to appear before disciplinary hearings "and have therefore been dismissed in their absence".
It is the latest crisis to hit South Africa's vital minerals sector, which has been crippled by a wave of violent disputes over miners' pay since August. The company said the strike had so far cost 700mn rand ($80mn) in lost revenue.
But with many miners unwilling to give up their demands for higher pay and Amplats taking a tough line, the spectre of violence looms.
At least seven people have been killed around Rustenburg in strike-related violence this week.
With around 100,000 workers currently on strike across the country, President Jacob Zuma - who has publicly kept his distance from the crisis - has called for the work stoppages to end.
"We should not seek to portray ourselves as a nation that is perpetually fighting," he told business leaders in Johannesburg on Friday.
Already spooked by earlier violence, investors have warned the Amplats dismissals could deepen a crisis that has already paralysed an industry accounting for around 20% of the continental powerhouse's GDP.
"The government is doing nothing," said Peter Attard Montalto, a strategist with Japanese bank Nomura, who warned the strikes had already shaved 0.2% to 0.3% off third quarter growth.
Analysts have warned that the strikers' demands will result in job losses in the country where one in every four employable people is already out of work.
In February, Amplats' rival Impala Platinum fired 17,000 workers, only to rehire them a few weeks later as part of a wage agreement.
Amplats on Friday indicated it was open to "exploring the possibility of bringing forward wage negotiations within our current agreements."

[jibba jabber] 07/10/2012 08:20

South Africa's striking miners warned of more violence this weekend as platinum giant Amplats fired 12,000 workers just hours after troubles in the mining industry claimed another life.
Amplats, a subsidiary of FTSE 100 company Anglo American, said it had dismissed the staff for failing to appear before disciplinary hearings related to an unlawful strike.
The move came after a man died in clashes between police and workers on strike at the Amplats mine in Rustenburg. Miners said he was killed late on Thursday when police used tear gas and rubber bullets to disperse strikers.
As police brought in enforcements from around the country, Amplats miners demanded to speak directly to Anglo American's chief executive Cynthia Carroll. One, Maxwell Bebeza, said: "Cynthia Caroll is the person we want to talk to now. We won't listen to what these local guys say – they are just puppets."
Nancy Mphaka, a team supervisor, said the miners were planning further action. "There are going to be more Marikanas here," she said, referring to the Lonmin platinum mine where 46 people died in clashes with police, sparking the wave of violent labour disputes across the country.

A police source told The Daily Telegraph that they were preparing for a difficult weekend, expecting workers to target mine shafts and mine property. "Much as we'd like to, we can't stand back – we have to put ourselves between them and those structures," he said.
Chris Griffith, chief executive of Amplats, said the company was working with the local authorities "to support the restoration of law and order". Amplats, the world's biggest platinum producer, said that its lost production thus far amounts to 39,000 ounces of the metal, representing some Rand 700m (£50m) of lost revenue.
Peter Attard Montalto, an emerging markets economist at Nomura, commended Amplats' decision but warned the firing could prove to be "a potentially serious flashpoint."

[karmastuartra] 06/10/2012 07:08

Roll on monday,price will surge!

[karmastuartra] 06/10/2012 01:53

Gay mms about sums them up,maybe we should send
Them to replace the 12000 amplats has sacked!

[ninja 19] 05/10/2012 15:59

Platinum going +ve again

[karmastuartra] 05/10/2012 15:47

48 and counting!

[ninja 19] 05/10/2012 15:45

Going going gone

[itchycrack] 05/10/2012 15:43

Sure is fiesty this afternoon! :-)