Zimbabwe central banker stockpiles gold to bolster ZiG currency
The ZiG - short for Zimbabwe gold — is the nation’s sixth attempt at having a functioning local currency in the last 15 years.
Troubled platinum miner Lonmin (LON:LMI) said that 57% of its workers turned up for work.
“Eastern Shafts are working this weekend, and we have 57 percent attendance across these shafts. The rest of the mine is closed as this is their off-weekend,” the company said in a statement in a report by AP.
In mid-August 44 people died in a melee outside the mine over a wage dispute.
The productivity levels of the mine are unclear. The company says it is attempting to work on a resolution with the remaining miners. South Africa’s Department of Labour is also involved and trying to settle the dispute.
Lonmin, the world’s third largest platinum miner, has 28,000 workers.
Since the massacre, Lonmin has dropped 7.91% to . Anticipating possible platinum shortages after the strike, spot platinum is up 10.74% over the last month to $1,554 /oz.
