Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
A mining contractor at Aquarius Platinum’s Everest Mine is on strike.
The strike has been called by the Association of Mining and Construction Unions, which is demanding full organizational rights under the South African Labour Relations Act. The contractors on strike are employees of Murray & Roberts Cementation.
“This is a technical dispute between AMCU and MRC, and no demands are being made by AMCU of Aquarius or its subsidiaries,” said Aquarius Platinum (ASX:AQP) in a dispute.
Everest Mine is located in the Bushveld Complex in South Africa.
The company says that production to date in 2011 at Everst Mine amounts to 73,298 PGM ounces.
2 Comments
The Mafia Man
Hang in there guys, you are right! You will get what you want/need/desierve!!!!!!!
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