NUM's diminishing influence – blamed in part on its political affiliations and its perceived closeness to big business – is most striking at Impala Platinum's Rustenberg mine where its enrollment has dropped to 13% from 70% before.
Despite an abrupt decline in the wake of an upbeat US employment report, gold is likely to regain losses on several factors which should strongly favor the precious metal.
Unlikely, according to Eric Lemieux, equity analyst with Laurentian Bank Securities. In this exclusive interview with The Gold Report, Lemieux says that even if the PQ tweaks current policy, it will take time.