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 ...
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 ...
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 materials (-11 ...
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. ... JH, Dixon, PB & Rimmer, MT 2015, 'The impact of the 2014 platinum mining strike in South Africa : an economy-wide analysis', Economic Modelling, vol. 51, pp. 403-411. en_ZA: dc.identifier.issn: 0264-9993 (print) dc.identifier.issn ...
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
In the wake of the strike the international price of platinum has, on balance, increased from US$1 415 per fine ounce in mid-January 2014 to US$1 447 in early June 2014. The consequences …
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 …
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 could also have long lasting …
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 ...
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 Heerden and Peter B. Dixon and Maureen T. …
(ii) To find out the magnitude of retrenchments in the platinum mining sector. (iii) To identify the adverse effects of industrial action in the platinum mining sector. (iv) To recommend proactive actions that can be implemented in order to improve labour relations in the platinum mining industry by averting industrial action.
The platinum strike was ended after five months and 1.3 million ounces lost – about a third of global output. Now AMCU is bringing its wage demands to South Africa's gold sector, again asking ...
The magnitude of these impacts is similar to the estimated impacts for the 2014 platinum-mining strike calculated by Bohlmann et al. (2014). • In value terms, the connected sectors that show the biggest impact include the wholesale and retail trade, financial services, transport, and other services. Water, electricity and rubber products show ...
A strike by contract workers at Impala Platinum's Rustenburg operations in South Africa involved less than 8% of the mine's workforce and was limited to two of its nine shafts, the company ...
Estimates show that the monetary value of ounces lost by the platinum-related mining industry as a result of lost production during the strike periods amounted to R10.6 billion.
One of the world's biggest producers, Anglo American's platinum subsidiary, suffered huge disruption after three months of wildcat strikes. In a recent statement, the company said the strikes affecting its operations have …
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 render K & L …
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 ...
Estimates show that the monetary value of ounces lost by the platinum-related mining industry as a result of lost production during the strike periods amounted to R10.6 billion.
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
The mining industry can contribute to achieving all the SDGs (CCSI et al., 2016) at the global, national, regional and local scales.As mines generally operate for many decades, they can create long-term benefits for, or impacts on, local communities, environments and the wider economy (ICMM, 2018).Global demand for metals has been steadily growing in the past 20 …
The South African mining industry shed 20,000 jobs in the 12 months leading to June 2013, and that trend was set to continue due to low margins, cost pressures and volatile commodity prices. ... The direct impact of the mining strike on first quarter 2014 growth was clearly evident. The Gross Domestic Product (GDP) reduction of 1.3% was ...
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 …
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted …ve months, ending in June 2014 when producers …
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 …
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 ...
Contrary to international studies, which suggest that the spillover effects of industrial action positively affect competing companies, our findings show that profits in the …
Even investors who typically eschew precious metals have been hard-pressed to ignore the platinum industry this year. The longest strike in South African history paired with surging Asian demand ...
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 ...
The main environmental impacts of platinum mining Solid waste – tailings dams and waste rock dumps 580 000 tons ore/ton Pt produced; Plus waste rock: 20% – 90% of ore (UGM) Water consumption: 273 to 544 m3/kg PGM (average about 400 m3/kg) Energy consumption (mine, concentrator and smelter): 168 to 256 GJ/ kg PGM CO 2e emissions: 40 to 50 t/kg PGM
Box 1: The impact of industrial action in the platinum-mining sector on the South African economy According to industry sources, in 2013 the South African Platinum Group Metals (PGM) mining sector accounted for 53,4 per cent of global platinum supplies, 26,4 per cent of palladium supplies and 58,7 per cent of rhodium supplies.
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.
national economic effect of strikes in platinum mines, while others examined strike effects on financial statement disclosures (Bohlmann, van Heeden, and Dixon, 2015; Moloi, 2015). For example, Bohlmann, van Heeden, and Dixon (2015) found that the 2014 platinum mining strike in South Africa had a negative