Today's Labour News

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RBPlatMiningmx reports that Royal Bafokeng Platinum (RBPlat) is to close an unprofitable shaft at its Bafokeng Rasimone Platinum Mine (BRPM) which it shares in joint venture with Anglo American Platinum (Amplats).  

RBPlat alerted the market in its 2016 year-end results in February that a restructuring of BRPM was on the cards amid a sluggish market for PGMs.  Tuesday’s announcement details a plan in which the South shaft UG2 production sections will be shut and some 60% of its employees redeployed to mine higher grade sections at the mine’s South and North shafts.  There will be a reduction of 636 employees at BRPM as a result of the restructuring of which 116 employees will be relocated to the Styldrift project.  The employment of the balance of some 520 employees, including 213 contractors, will be terminated.  This comes after similar layoff announcements recently at AngloGold Ashanti and Bokoni Platinum Mines (another of Amplats’ joint ventures) which could account for up to 12,000 job losses.

  • Read this report by David McKay in full at Miningmx

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