South African platinum miners’ wage talks go to internal abitrators

South African labour union that led a bruising 20-week strike in 2014 declares dispute with top producers over 50% wage hike demands.

South Africa's Public Investment Corporation (PIC), which owns 14.5% of Anglo, believes the mining giant may not realize the full value of its assets.

The miner said it was is currently assessing the operational and financial situation of its platinum division, which may require "remedial action".

After four grinding years of falling metal prices and vanishing market capitalizations, we have seen a stunning shift in market sentiment since mid-January, says Matt Geiger of MJG Capital. Multiple physical commodities are now in technical bull markets.

Signs of resurgence in platinum, a stronger gold price and growing coal exports to India should be triggers for South Africa’s mining leadership to grasp the opportunities that it missed in the last commodity boom, according to consulting engineers and scientists SRK Consulting (South Africa).

And one that's ultra-bearish.

Large scale futures speculators and PGM investors in physically-backed exchange traded funds are taking wildly different views of the outlook for the metals.

None of the foreign-owned platinum miners operating in the world's number three producer of the precious metal is listed on the Zimbabwe Stock Exchange.

PGM prices plunge after data show country's mines responsible for 70% of global production are humming and local currency revenues are hitting records.