{"id":16419,"date":"2012-11-05T20:32:21","date_gmt":"2012-11-05T18:32:21","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/update-2-aquarius-platinum-appoints-ceo-as-sector-struggles\/"},"modified":"2012-11-05T20:32:21","modified_gmt":"2012-11-05T18:32:21","slug":"update-2-aquarius-platinum-appoints-ceo-as-sector-struggles","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-aquarius-platinum-appoints-ceo-as-sector-struggles\/","title":{"rendered":"UPDATE 2-Aquarius Platinum appoints CEO as sector struggles"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Platinum sector rocked by deadly unrest, weak demand<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Nel is sector&#8217;s third new CEO this year<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Nov 5 (Reuters) &#8211; World no. 4 platinum<br \/>\nproducer Aquarius Platinum  said on Monday it<br \/>\nhas appointed a new chief executive, the latest management<br \/>\nshakeup in a sector crippled by labour unrest and falling<br \/>\nprofits.<\/p>\n<p><span><\/span><\/p>\n<p>Jean Nel, formerly the company&#8217;s chief operating officer,<br \/>\nreplaces industry veteran Stuart Murray, who became the third<br \/>\nboss of a major platinum producer to step down this year when he<br \/>\nresigned in October.<\/p>\n<p><span><\/span><\/p>\n<p>Aquarius, which gets most of its platinum from South Africa<br \/>\nbut also mines in Zimbabwe, was one of the first major platinum<br \/>\nminers to scale back activities because of low prices and<br \/>\nviolence stemming from a bloody union turf war between the<br \/>\ndominant National Union of Mineworkers and the upstart<br \/>\nAssociation of Mineworkers and Construction Union (AMCU).<\/p>\n<p><span><\/span><\/p>\n<p>The company shut its South African Everest mine in June,<br \/>\nciting labour infighting, with the loss of 2,000 jobs. It also<br \/>\nclosed its unprofitable Marikana joint venture with Anglo<br \/>\nAmerican Platinum (Amplats).<\/p>\n<p><span><\/span><\/p>\n<p>The closures come as companies feel growing political<br \/>\npressure from the ANC-led government to do more for the<br \/>\nworkforce against the backdrop of rising labour tensions and<br \/>\npersistent income disparities.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Jean is the latest in a raft of CEO appointments in the<br \/>\nplatinum sector after a very difficult period for the industry.<br \/>\nThe CEO role has become increasingly political,&#8221; Liberum Capital<br \/>\nsaid in a note.<\/p>\n<p><span><\/span><\/p>\n<p>The company&#8217;s share price was up almost 2 percent in London<br \/>\nand one percent in Johannesburg.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Platinum sector rocked by deadly unrest, weak demand * Nel is sector&#8217;s third new CEO this year JOHANNESBURG Nov 5 (Reuters) &#8211; World no. 4 platinum producer Aquarius Platinum said on Monday it has appointed a new chief executive, the latest management shakeup in a sector crippled by labour unrest and falling profits. Jean [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-16419","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=16419"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16419\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}