· This is the largest strike in the mining sector since the Marikana strike in 2012. South Africa is the leading supplier of the world's platinum, and the strike is expected to take a toll on its ...
· The hard truth of South Africa's mining industry is that it is characterised by the stringent, inflexible economics of being global commodity price takers, critically dependent on the Rand/Dollar exchange rate, whilst simultaneously being constrained by a largely fixed and inflexible input cost structure composed of labour costs (50% plus of all costs), administered price setting in water ...
· Leaders of South Africa's platinum mines have said the nineweek long strike by workers has caused 'irreparable' damage and cost the sector nearly 1bn.
· On 12 August 1946, the biggest African Mine Workers' Strike in Witwatersrand in the Union of South Africa (now the Republic of South Africa) began. 60,000 workers in Witwatersrand refused to continue working for the miserable wages they were receiving.
Local African National Congress leaders were arrested and tried for treason and sedition. Workers at 32 of the 45 mines on the Rand had participated in the strike. Hundreds of workers were arrested, tried, imprisoned, or deported. A total of 1,248 miners on strike were wounded and nine were killed.
2. Background of Mining in South Africa Historically, mining has been central to the South African The structure of the South African economy, whereby the mineral and energy complex is the main driver of the economy, first emerged out of the discovery of gold and diamonds in the late nineteenth century.
· The world's biggest platinum miners won a reprieve after a South African court reserved judgment on whether to block a weeklong industry strike that was scheduled to start Thursday night.
· As South Africa's biggest postapartheid mine strike marks its eighth week on Thursday, it is already denting growth and export earnings, and many of those affected are having to sell their most ...
· A fivemonth platinum strike in South Africa is "officially over", says the leader of the union behind the strike, as it accepts a wage deal.
· More than 250,000 black miners agreed today to end South Africa's largest and costliest strike after three weeks. The gold and coal miners failed to win any improvement over a prestrike .