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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.
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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 …
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The Impact of Shareholder Primacy on Wage Negotiations in the South African Platinum Mining Industry ... 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). ... Ford Motor Co., 170 N.W. 668 (Mich. 1919) the court emphasised that "…it is a well ...
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During 2023, platinum has benefited from stellar industrial demand reaching a record level, with 2024 heading for the third-highest industrial demand spot. Today's publication of the platinum ...
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Looking ahead, global platinum production is expected to increase at a 1.3% annual compound growth rate (CAGR) to 6.6moz by 2030. South Africa will remain the world's largest supplier of platinum ...
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1. Introduction. The South African mining industry (SAMI) is a significant contributor to the economy of the country but faces sustainability, occupational health, and safety challenges [1], [2].The SAMI is traditionally labor intensive and takes place in difficult conditions [3], [4].In addition, the SAMI has residual problems faced by mine workers, …
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The mining industry needs skilled employees and faces an existential talent shortage, but to attract talent it must change perceptions about the industry. In a survey by the Mining Industry Human Resources Council (MiHR) of Canada, a majority of Canadians aged 15 to 30 said they would definitely or probably not consider a career in mining.
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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 ...
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elements of the strike (wages, investment, ERoR in the industry) • Platinum contributes around 20% of output in the metal ore mining industry group with the strike assumed to …
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Efforts are made to rehabilitate and restore mining sites, ensuring minimal disturbance to ecosystems and promoting biodiversity conservation. Additionally, responsible waste management and reclamation practices are implemented to minimize the long-term environmental effects of platinum mining. Platinum Group Metals: Beyond …
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According to GlobalData, South Africa is the world's largest producer of platinum in 2023, with output up by 0.66% on 2022. Over the five years to 2022, production from South Africa decreased by a CAGR of 3.26% and is expected to rise by a CAGR of 0.68% between 2023 and 2027.
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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.
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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 …
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Platinum Group Metals (PGMs) have found diverse applications, especially in the pharmaceutical industry, where they produce equipment, micro-machines, and implants to enhance the quality of life for ageing populations. Additionally, the demand for advanced hard drives that require platinum is expected to power technological advancements …
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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 …
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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 serious …
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The company said it had obtained a court order against the job boycott. "The longer-term impact of this illegal strike poses a risk to sustainable employment, particularly given Impala Bafokeng ...
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platinum-related mining industry as a result of lost production during the strike periods amounted to R10.6 billion. Two scenarios are estimated that result in a gross domestic product (GDP) loss ...
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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 …
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M M ining in South Africa has been a contentious issue since 15-year-old Erasmus Stephanus Jacobs discovered South Africa's first diamond, the Eureka, in Hopetown in 1867. It kickstarted what historians call the Mineral Revolution, which made few European opportunists wealthy beyond measure, and saw hundreds of thousands of men leaving …
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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 …
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However, evidence shows that on 14 August, just two days before the massacre, there was a joint agreement between the company's management and police that the strike should be broken in a decisive manner (source: Bureau of Investigative Journalism) The impact of Marikana. Economy. Mining is an important sector in the South African economy.
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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 ...
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The Impact of the 2014 Platinum Mining Strike in South Africa: An Economy-Wide Analysis Bohlmann, H.R. 1, Van Heerden, J.H., Dixon, P.B.2 and Rimmer, M.T.2 Abstract In this paper we measure the economy-wide impact of the 2014 labour strike in South Africas platinum industry. The strike lasted 5 months, ending in June 2014 when
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To help mining owners deal with post-mining accidents in the Marikana platinum mining industry (Engelbrecht and Thomas, 2017) Policy-makers: i. ... They found several impacts of mining disaster news items on society, such as: i. The creation of panic among the public; mine disaster news always carries threats to the social value …
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To understand the implications for the mining sector, we have assessed the potential impact on industry-level revenues and earnings before interest, taxes, depreciation, and amortization (EBITDA) under four scenarios—A1, A2, A3, and A4—that represent different shapes of economic recovery (Exhibit 6).
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Beyond exhibiting existing hostile labour relations in South Africa's platinum belt and the mining industry as a whole, the two occurrences also indicate the prevalence of political risks. The mining industry is a …
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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 …
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