http://uk.reuters.com/article/2014/04/27/uk-safrica-strikes-idUKBREA3Q0RU20140427 South African election next month isn't it? hmmm militant unions, election immenent, history of violent labour unrest, what could possibly go wrong? I imagine it would take a brave soul to risk the wrath of the "shaft stewards" :/ Maybe the move by miners towards the shallower deposits of PGM's that can be mined using heavily automated procedures and require far less employees might be expedited if they don't go back en-masse? I wonder how that might affect supplies in short to medium term?
No such luck http://www.ndtv.com/article/world/arrests-after-4-000-rampage-in-south-africa-platinum-belt-515793
Violence is starting to ramp up. And it's being directed towards the Govt. http://www.bloomberg.com/news/2014-...m-strikers-reject-producers-latest-offer.html Also read production is coming from the few mines not hit by strikes. (just can't be arsed posting them...too depressing) But it just confirms my suspicion they're stealing the low hanging fruit from these remaining deposits, which will drastically bring forward end-of-mine conditions. Thankfully, someone (i.e. those still left digging dirt) are beginning to question how, despite the massive drop in supply, the price of Platinum hasn't gone up. Good Question! http://www.reuters.com/article/2014/04/29/aquarius-plat-results-idUSL3N0NL1J520140429
The vampire squid Goldman Sachs may know about Wall Street but they know nothing of Africa The strike will soon be over yes now pull the other one: http://www.theguardian.com/world/2014/apr/29/striking-south-african-miners-reject-latest-pay-offer
So it was reported last week that the strike was over; http://www.sabc.co.za/news/a/3e3f19...45ac/Amcu-and-platinum-miners-reach-agreement And now we're told that's bullshit (just like the #$% news agencies lol) http://www.sabc.co.za/news/a/14dee...c/Amcu,-mines-deny-agreement-rumours-20142405
BlackSheep I told you last week this is not over - it cannot be - the situation is far too complex and cannot be fixed by a small pay rise Buy Platinum ! Another article http://af.reuters.com/article/topNews/idAFKBN0ET12120140618
