By Sarah Young LONDON, Sept 19 (Reuters) - The end of a bloody strike by South African workers at Lonmin will give the miner a stronger hand in its refinancing talks with lenders, say analysts, who believe the firm can withstand higher wages despite its stretched balance sheet. Lonmin expects to see production at its Marikana mine resume on Thursday when striking … [Read more...] about Lonmin to press ahead with debt talks after pay deal
reuters
S.African rand under pressure after mine wage deal
* Rand reverses gains on mine jitters * Marikana victory seen as catalyst to more strikes JOHANNESBURG, Sept 19 (Reuters) - The rand reversed gains against the dollar on Wednesday after a wage settlement that ended a deadly strike at Lonmin's Marikana mine prompted other workers in the platinum belt to demand similar deals. Trading will likely be thin ahead of a … [Read more...] about S.African rand under pressure after mine wage deal
Euro Coal-Prices dip again in line with weaker oil
* Nov S.African trades at $87/T FOB * Newcastle trades at $86.50-$92/T LONDON, Sept 19 (Reuters) - Prompt coal prices slipped around 25-50 U.S. cents a tonne lower on Wednesday in line with weaker oil. Prices for both delivered Europe and FOB Richards Bay cargoes have been range-bound between $83-$89 a tonne for some weeks with high inventories in Europe and … [Read more...] about Euro Coal-Prices dip again in line with weaker oil
UPDATE 4-Lonmin deal stirs more South Africa mine strife
* Pay increase encourages other worker wage demands * Lonmin workers celebrate "death of NUM" * Death toll from unrest rises to 46 * Zuma "relieved" but still under pressure By Sherilee Lakmidas MARIKANA, South Africa, Sept 19 (Reuters) - South African police fired tear gas and rubber bullets on Wednesday to disperse protesters near a mine run by the … [Read more...] about UPDATE 4-Lonmin deal stirs more South Africa mine strife
COMMODITIES-Markets end mixed; oil slips, ags and copper higher
* Copper rises on Bank of Japan monetary easing * Oil slides on plentiful stocks, Saudi comments * Coming up: U.S. jobless claims data 8:30 a.m. EDT Thursday By Jeanine Prezioso NEW YORK, Sept 19 (Reuters) - Commodity markets ended mixed on Wednesday with oil prices dragging, despite some positive U.S. data and a buoyant stock market. Gold ended nearly … [Read more...] about COMMODITIES-Markets end mixed; oil slips, ags and copper higher
