• 5 minutes Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 2 hours Waste-to-Energy Chugging Along
  • 2 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 10 hours Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 6 hours Venezuela continues to sink in misery
  • 5 hours Let's Just Block the Sun, Shall We?
  • 1 hour Regular Gas dropped to $2.21 per gallon today
  • 7 hours What will the future hold for nations dependent on high oil prices.
  • 19 hours Zohr Giant Gas Field Increases Production Six-Fold
  • 19 hours No, The U.S. Is Not A Net Exporter Of Crude Oil
  • 15 hours UK Power and loss of power stations
  • 1 day Air-to-Fuels Energy and Cost Calculation
  • 1 day $867 billion farm bill passed
  • 1 day USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 20 hours Global Economy-Bad Days Are coming

SECURITY ALERTS

‘Peacekeepers’ for South African Mines

South Africa is toying with the idea of deploying what it refers to as “peacekeepers” to restore a sense of security to the countries platinum mines amid a spate of assassinations and clashes between rival unions and security forces. South Africa is home to some 80% of the world’s platinum reserves. This is a cautionary tale for investors and deployment of “peacekeepers” is likely to result in a bloody non-resolution of the underlying problem, which is the ongoing struggle for control of unionized workers. The ruling African National Congress (ANC) and its labor arm, the National Union of Miners (NUM) are vying for control over workers with the Association of Mineworkers and Construction Union (AMCU). The deployment of peacekeepers to platinum mines is the ANC’s attempt to take full control through NUM, but the rival AMCU has gained too much momentum and backing recently and will not go out quietly. This could spiral into exaggerated political violence and halt mining operations to the further detriment of South Africa’s economy. The timing is important because platinum producers have only a few months to finish negotiations on new contracts for employees and this will be impossible without a union resolution.

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions




Oilprice - The No. 1 Source for Oil & Energy News