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Amplats
Anglo American Platinum Limited () is the world's largest primary producer of platinum, accounting for about 38% of the world's annual supply. Based in South Africa, most of the group's operations lie to the northwest and northeast of Johannesburg. A majority of the company's operations take place in the Bushveld Igneous Complex, a large region that contains a range of mineral commodities including chromium, vanadium, titaniferous magnetite and platinum group metals. History In 1995, the company Johannesburg Consolidated Investments unbundled. Its platinum interests became Amplats, later renamed Anglo American Platinum. Anglo American is the company's majority shareholder. On 5 October 2012, Anglo American Platinum made 12,967 striking South African miners redundant. In July 2014, Amplats announced it would sell many of its South African mines following the negative effect of five months' worth of strikes on the firm's hopes of becoming profitable. Controversies Treatment ...
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Marikana Miners' Strike
The Marikana massacre was the killing of thirty-four miners by the South African Police Service (SAPS) on 16 August 2012 during a six-week wildcat strike at the Lonmin platinum mine at Marikana near Rustenburg in South Africa's North West province. The massacre constituted the most lethal use of force by South African security forces against civilians since the Soweto uprising in 1976 and has been compared to the 1960 Sharpeville massacre. The massacre occurred on the seventh day of an illegal wildcat strike at the mine: although the initial strikers were primarily rock drill operators belonging to the National Union of Mineworkers (NUM), the strike action was launched without NUM endorsement. The strikers sought a sizeable wage increase, to R12,500 monthly, to be negotiated outside the existing collective wage agreement. Early reports, later denied, suggested that they had been encouraged in this demand by the Association of Mineworkers and Construction Union (Amcu), the N ...
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2014 South African Platinum Strike
On 15 November 2014 workers at South Africa's major platinum producers – Anglo American Platinum, Impala Platinum, and Lonmin – went on strike demanding that wages be immediately doubled. However, after five months of striking they settled for a more modest pay increase spread over three years. It was the longest and most expensive strike in South African history. Background South Africa is home to 80% of the world's known platinum reserves, and produces about 70% of the world's supply. Platinum prices have been flat since 2009 or so, due to weak demand for catalytic converters, the primary use of platinum in industry. Meanwhile, other costs have risen, putting pressure on the mining industry. In 2013, roughly half of South Africa mining shafts operated at a net loss. The market is controlled primarily by three companies - Anglo American Platinum (Amplats), Impala Platinum (Implats), and Lonmin. Amplats is the world's largest producer of platinum. Workers are mostly ...
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Association Of Mineworkers And Construction Union
The Association of Mineworkers and Construction Union (AMCU) was formed in Mpumalanga, South Africa, in 1998 as a breakaway faction of the COSATU-affiliated National Union of Mineworkers (NUM). It was formally registered as a union in 2001. According to Mining Weekly, the union sees itself as distinct from NUM in that it is "apolitical and noncommunist". Competition with NUM over bargaining rights, especially at the Impala Platinum and Lonmin mines in the Rustenburg area culminated in the violent Marikana miners' strike and what became known as the Marikana Massacre, in which police shot and killed over 30 strikers. The AMCU now represents over 70% of Lonmin 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 ... employees, compared to the 20% representation of the NUM. It is also ...
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JCI Limited
JCI or Johannesburg Consolidated Investment Co. Ltd. was founded in 1889 by the British entrepreneur Barney Barnato. JCI was a major force in South African mining for over 100 years. Using his investments in the Kimberley diamond fields, particularly his 25% share in De Beers, Barnato foresaw the value of and invested in the potential of the Witwatersrand gold mines. At first he bought small but rich mines near Germiston – the New Primrose, named after his daughter, and others in the same region. In 1913 JCI bought the Randfontein Estates Gold Mining Company, which was a fabulously rich mine, from Sir J.B. Robinson. At the peak of its production Randfontein was equipped with 600 stamp mills, the roar of which could be heard in Johannesburg. Randfontein Estates was an extraordinarily rich mining property, and in the 1950s was a pioneer of uranium production. During the 1930s Randfontein was the largest gold producer in South Africa, if not the world. JCI was also involved with ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public l ...
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Palladium Mining Companies
Palladium is a chemical element with the symbol Pd and atomic number 46. It is a rare and lustrous silvery-white metal discovered in 1803 by the English chemist William Hyde Wollaston. He named it after the asteroid Pallas, which was itself named after the epithet of the Greek goddess Athena, acquired by her when she slew Pallas. Palladium, platinum, rhodium, ruthenium, iridium and osmium form a group of elements referred to as the platinum group metals (PGMs). They have similar chemical properties, but palladium has the lowest melting point and is the least dense of them. More than half the supply of palladium and its congener platinum is used in catalytic converters, which convert as much as 90% of the harmful gases in automobile exhaust (hydrocarbons, carbon monoxide, and nitrogen dioxide) into nontoxic substances (nitrogen, carbon dioxide and water vapor). Palladium is also used in electronics, dentistry, medicine, hydrogen purification, chemical applications, groundwater ...
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Mining Companies Of South Africa
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, and f ...
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Non-renewable Resource Companies Established In 1955
A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. An example is carbon-based fossil fuels. The original organic matter, with the aid of heat and pressure, becomes a fuel such as oil or gas. Earth minerals and metal ores, fossil fuels (coal, petroleum, natural gas) and groundwater in certain aquifers are all considered non-renewable resources, though individual elements are always conserved (except in nuclear reactions, nuclear decay or atmospheric escape). Conversely, resources such as timber (when harvested sustainably) and wind (used to power energy conversion systems) are considered renewable resources, largely because their localized replenishment can occur within time frames meaningful to humans as well. Earth minerals and metal ores Earth minerals and metal ores are examples of non-renewable resources. The metals themselves are present ...
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Carbon Footprint
A carbon footprint is the total greenhouse gas (GHG) emissions caused by an individual, event, organization, service, place or product, expressed as carbon dioxide equivalent (CO2e). Greenhouse gases, including the carbon-containing gases carbon dioxide and methane, can be emitted through the burning of fossil fuels, land clearance, and the production and consumption of food, manufactured goods, materials, wood, roads, buildings, transportation and other services. In most cases, the total carbon footprint cannot be calculated exactly because of inadequate knowledge of data about the complex interactions between contributing processes, including the influence of natural processes that store or release carbon dioxide. For this reason, Wright, Kemp, and Williams proposed the following definition of a carbon footprint: The Greenhouse Gas Protocol has extended the range of gases. The global average annual carbon footprint per person in 2014 was about 5 tonnes CO2e. Although the ...
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53rd National Conference Of The African National Congress
The 53rd National Conference of the African National Congress (ANC) was held in Mangaung, Free State from 16 to 20 December 2012, during the centenary of the ANC's establishment, also in Mangaung. It re-elected incumbent President Jacob Zuma and his supporters to the party's top leadership and National Executive Committee (NEC), solidly defeating an opposing group that had coalesced around presidential challenger Deputy President Kgalema Motlanthe. The conference was a precursor to the general election of 2014, in which, due to the ANC's internal norms and substantial electoral majority, the ANC President was extremely likely to become President of South Africa. Zuma was indeed re-elected to the presidency in 2014 when the ANC won 62.15% of the national vote. The conference also represented only the second electoral contest for the ANC presidency since 1952 – at the 52nd National Conference of the African National Congress in 2007, Zuma had himself broken from the ANC's tr ...
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Jacob Zuma
Jacob Gedleyihlekisa Zuma (; born 12 April 1942) is a South African politician who served as the fourth president of South Africa from 2009 to 2018. He is also referred to by his initials JZ and clan name Msholozi, and was a former anti-apartheid activist, member of Umkhonto we Sizwe, and president of the African National Congress (ANC) between 2007 and 2017. Zuma was born in the rural region of Nkandla, which is now part of the KwaZulu-Natal province and the centre of Zuma's support base. He joined the ANC at the age of 17 in 1959, and spent ten years in Robben Island Prison as a political prisoner. He went into exile in 1975, and was ultimately appointed head of the ANC's intelligence department. After the ANC was unbanned in 1990, he quickly rose through the party's national leadership and became deputy secretary general in 1991, national chairperson in 1994, and deputy president in 1997. He was the deputy president of South Africa from 1999 to 2005 under President Thabo ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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