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LONDON (Reuters) - Lonmin (LML.L) reported weaker than expected output on Thursday, causing analysts to raise doubts over 2017 production targets, and faced demands for compensation following the...
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The Marikana massacre [4] was the killing of thirty-four miners by the South African Police Service (SAPS) on 16 August 2012, during a wildcat strike at the Lonmin platinum mine in Marikana, Rustenburg, North West province, South Africa.
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A series of essays explaining the impact of the events at Marikana upon the South African perspective of police and the keeping of order.This fifth volume in the New South African Review series takes as its starting point the shock wave emanating from the events at Marikana on 16 August 2012 and how it has reverberated throughout politics and society.
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10 Years Since the Marikana Massacre: Still No Justice, Still No Peace Join the Marikana Solidarity Collective for a vigil outside the High Commission of South Africa to commemorate the ten-year anniversary of the massacre of 34 striking workers by the police at Marikana platinum mine, owned by the British mining company Lonmin. Bring your [.]
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The mine workers who were wounded and arrested during the Marikana massacre are suing Deputy President Cyril Ramaphosa, mining giant Lonmin and the government for nearly R1 billion, claiming their "collusion" led to the tragedy. The 329 mine workers have already instituted a civil claim of R1 billion against the presidency, the National ...
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Mail and Guardian: 'Police Minister says more than 30 people were killed' (though this report seems to be spinning the story to suggest the police could have been fired on first.) From a report written before yesterday's massacre:. About 3 000 workers have been meeting on the koppie on the edge of Nkanini, an informal settlement adjacent to Karee shaft one in Lonmin's Western Platinum mine ...
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Lonmin, the 'unacceptable face of capitalism' Daily Maverick, SA Yahoo News, 20 August 2012 The deaths of dozens of people on August 16 has thrown South Africa into a frenzy of outrage, grief and...
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The lessons to be learned from Marikana, and the events leading up to the massacre, are summarised in the conclusion. ... of an investment company, Shanduka Group (Pty) Ltd with a 9% stake in Lonmin (Mbombo Evidence, Day 181: 21741, lines 1-10). ... para. 8, quoting Evidence Leaders Heads of Argument: 268, para. 543). She did so by saying ...
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Nearly eight years after the massacre of mine workers at Lonmin's operations at Marikana, South Africa, and with Marikana's new owner, South African mining company Sibanye Stillwater, continuing Lonmin's tradition of inaction, pressure is put on the company's biggest customer, German company BASF. 16) Investors worried about mining impacts
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The Platinum Supply Shock Commodities / Platinum Jun 06, 2014 - 01:11 AM GMT. By: Peter_Schiff Even investors who typically eschew precious metals have been hard-pressed to ignore the platinum ...
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Jul 16, 2022The shock and betrayal felt by the mineworkers after witnessing the murder of their comrades destroyed the somewhat paternalistic relationship that had come to exist between the bulk of the working class, the co-opted trade unions and the state in post-apartheid South Africa.
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Bishop then pointed out that the Lonmin CEO Ben Magara received a R11 million bonus in shares, whilst the workers went "limping to their homes with grief and empty hands". The case of Mzoxolo Magidiwane was highlighted as he did not "receive a cent for their arrest and injury".
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With platinum prices declining due to a seismic demand shift and firms grappling with the high cost of labor and prolonged production-stopping labor strikes, the financial sustainability of platinum group metal (PGM) firms has come under duress since ...
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A mid the shock that followed the massacre at the Lonmin Marikana platinum mine, on August 16, 2012, when the South African police killed thirty-four striking black miners and wounded approxi-mately eighty others, a team of sociologists from the University of Johannesburg produced an "instant book" detailing the events, based on the
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On 16 August 2102, 34 striking miners were killed by the South African Police Service at a platinum mine in Marikana in the north-west of South Africa. The massacre recalled the kind of violence that was supposed to have disappeared with the end of apartheid in 1994. This article examines the context in which the massacre occurred, the manner in which it was policed, and draws conclusions ...
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Platinum and gold prices continued to soar as investors braced for supply disruptions after 44 people died during strikes at a pit owned by London-listed Lonmin.
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South Africa's government threatened to remove Lonmin Plc's mining license for its failure to build houses for its workers quickly enough, four years after employees were killed in a massacre near its Marikana mine...The government will consider taking tougher action to make sure the world's third-largest platinum miner fulfils its commitments.
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Marikana is a key site for Lonmin, being responsible for more than 90per cent of its platinum production. The company's shares fell 15per cent last week as the strike, which comes amid tumbling platinum prices, sparked alarm among investors. Last night Roger Phillimore, its chairman, flew from London to Johannesburg to oversee the situation.
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The violence at Harmony's mine follows many months of severe labor unrest in South Africa's mining industry which culminated in 34 deaths at platinum producer Lonmin PLC's largest platinum mine over the summer. The labor unrest quickly spread beyond platinum mines to gold mines and then moved into the transportation and automotive sectors as well.
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But Marikana was an attack on workers in defence of white privilege - specifically the mining house, Lonmin. Although it is partly owned by one of Cyril Ramaphosa's companies, its major shareholders include British investors and ex-South African (and ex-Eskom) Mick Davis's Xstrata.
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The Lonmin tragedy speaks to the many ills which continue to plague mine workers in the mining industry. In 1987 South Africa's longest and biggest strike took place where approximately 300 000 Black miners in the gold and coal went on strike over wage and working conditions.
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Marikana is a symbolic place in the annals of South African history following the brutal killings of 34 striking miners at the hands of the South African police (Boettger & Rathbone, 2016). Their...
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They are not all bad: Lonmin spent R194-million from 2007 to 2011 on improving its mining communities in North West province as well as the areas from which migrants come, primarily the Eastern...
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2 LONMIN VENDOR APPLICATION FORMS 5-09-2022 ity. These political tensions are a central theme of the collection and thus serve as vital case studies in furthering our un-derstanding of rights and restitution in South Africa. For decades, most anti-capitalist and an-ti-imperialist movements identified radi-cal transformation with capturing ...
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when police opened ï¬ re on a crowd of black protesters, killing about 69. Archbishop Desmond Tutu also said the Mine Massacre violence reminded him of police behavFears rise that industrial action will iour during apartheid, according to a spread to other mines as a wage column in South Africaâ s Business dispute at Marikana escalates into Report newspaper. SOUTH AFRICA This issue pp ...
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"Farm to fork" never looked this good Investment experts from Absa share their predicted agricultural investment trends for the rest of 2022. 16 August 2022 10:12 AM
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The massacre at Marikana. I comment on, and interpret, incidents like the shooting by police of at least 35 strikers at Marikana yesterday. Even as the gunfire fell silent the price of Lonmin shares fell and the price of platinum spiked in response to supply concerns. It's what I do for a living - the people that pay my bills are paying for ...
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A stakeholder perception survey commissioned by Lonmin in 2005 shortly after it acquired the mine and before IFC's investment showed that most respondents regarded the mine with "negativity combined with mistrust, suspicion and in some cases hatred."
Get priceNo doubt, workers across the world were shocked as striking mine workers at the South African town of Marikana were shot to death during their strike for higher wages in 2012 at Lonmin Plc, the third largest platinum mining company in the world. Thirty four workers were massacred by police on 16 August.
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The newly announced equity-raising process is Lonmin's third in six years. It raised $817m from investors in December 2012 after the massacre at its Marikana mine. The company was also forced to raise $457m in equity from investors and the refinancing of $575m in debt in 2009, when it announced 7 000 job cuts.
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South African Mineral Resources Minister Susan Shabangu has called on foreign investors to allow the country's legal processes to run their course, as 270 Lonmin workers were charged with the murder of their co-workers at the Marikana platinum mine. Speaking on the sidelines of the last day of the Africa Downunder conference, in Perth, Shabangu ...
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South Africans are reeling in horror at a violent incident on 16 August 2012 which recalls the darkest days of the country's apartheid past: the killing by armed police of around thirty-four miners...
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R4 000 per month to R12 500 per month.11These workers walked off the job after the mining company (Lonmin Platinum) management failed to meet with the workers. A series of violence then followed leading to the massacre that occurred on 16 August when at least thirty six miners were killed and seventy eight wounded by members of the South
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The statement by the presidency last Sunday, that platinum mine Lonmin is in danger of losing its mining rights if it does not accelerate implementation of its housing plan, was a shock only in its crudeness. It confirms, yet again, a long-standing attitude on the part of Jacob Zuma's government.
Get priceIOL / 16 OCTOBER 2018 - 14:59 / SIPHELELE DLUDLA Johannesburg - The Mining Forum of South Africa (MFSA) said on Tuesday it was taking mineral resources minister Gwede Mantashe to court seeking to compel him to act against platinum producer Lonmin Plc for non-compliance with the commitments made in its social labour plans (SLPs). The matter has been set down for hearing on the 26 October 2018 ...
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Jan 30, 2019: Lonmin Mineral Resource and Mineral Reserve Statement 2018 (13.5mb) Jan 25, 2019: Recommended all-share offer for Lonmin by Sibanye-Stillwater: Competition Appeal Court hearing set for 2 April 2019 (73kb) Jan 15, 2019: Recommended all-share offer for Lonmin by Sibanye-Stillwater: Extension of Longstop Date to 30 June 2019 (73kb)
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added to these conflicts distributed throughout latin america are numerous environmental disasters, such as the tragedy caused by the rupture of the dam of the mining company samarco, in minas gerais, brazil, which caused the death of 19 people, the loss of hundreds of nearby houses, along with the spill of 32 million cubic meters of mining waste .
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Lonmin plc, formerly Lonrho plc, was a British producer of platinum group metals operating in the Bushveld Complex of South Africa. It was listed on the London Stock Exchange. Its registered office was in London, and its operational headquarters were in Johannesburg, South Africa. [2]
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The beneficiary is now the mining company Sibanye Stillwater, to which Lonmin was sold in 2019 for 226 million US dollars. The company has the worst health and safety record in the South African mining sector. Despite lip service to the contrary, Sibanye Stillwater has not faced up to the tragic legacy of the massacre."
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Principal investors in Lonmin's exploitation of African labour and nature are London-based asset management funds Investec, Majedie, Schroders, Standard Life and Legal & General who own 44% of the corporation. ... After six years of avoiding its responsibility for the Marikana Massacre, London-based mining corporation Lonmin has decided to ...
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