Hi there Clownbuck ...
To provide a reply to your request, let me say, at the outset, that I tend to stay away from the Banking and Mining sectors. So I don’t have an insight into the likes of Anglo Plats, Anglo American, etc...
However, what I can say, and what I have done, is to post some relevant info below regarding what has been happening in South Africa recently regarding the strikes and labour unrests on the mines which have negatively affected production and sentiment.
I’ve also put together a scan from my local S.African broker, BJM, where they have expressed their opinion regarding Anglo American.
I hope both “submissions” will go some way towards providing you with relevant info ....
1) MINER’S STRIKES & DISRUPTION ON THE MINES.
The Marikana miners' strike or Lonmin strike was a wildcat strike at a mine owned by Lonmin in the Marikana area, close to Rustenburg, South Africa in 2012 (Rustenberg is one the main Platinum mining areas in South Africa). The event garnered international attention following a series of violent incidents between the South African Police Service, Lonmin security, the leadership of the National Union of Mineworkers (NUM) and strikers themselves which has resulted in the deaths of approximately 47 people, the majority of whom were striking mineworkers killed on 16 August. At least 78 additional workers were also injured on 16 August. The total number of injuries during the strike remains unknown. In addition to the Lonmin strikers, there has been a wave of wildcat strikes across the South African mining sector.
The Strike is considered a seminal event in modern South African history, and was followed by similar strikes at other mines across South Africa, events which have collectively made 2012 the most protest filled year in the country since the mid 1990’s.
2) BROKER’S REPORT ON ANGLO AMERICAN.
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