{"id":16477,"date":"2012-11-07T20:39:23","date_gmt":"2012-11-07T18:39:23","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/euro-coal-dips-on-south-african-mining-wage-deal\/"},"modified":"2012-11-07T20:39:23","modified_gmt":"2012-11-07T18:39:23","slug":"euro-coal-dips-on-south-african-mining-wage-deal","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-dips-on-south-african-mining-wage-deal\/","title":{"rendered":"Euro Coal-Dips on South African mining wage deal"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Nov 7 (Reuters) &#8211; South African physical coal prices<br \/>\neased on Wednesday as coal companies there signed a wage deal<br \/>\nwith unions in an effort to avoid a wave of illegal strikes that<br \/>\nhave rocked the gold and platinum sectors.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Physical deliveries for December saw a bid-offer range of<br \/>\n$78 at $81.25 per tonne on brokerage GLOBALcoal, slightly below<br \/>\nlevels seen at the beginning of the week.<\/p>\n<p><span><\/span><\/p>\n<p>Traders said that the drop in prices was a result of South<br \/>\nAfrica&#8217;s coal mining wage deal, which saw the Chamber of Mines<br \/>\nagreeing to raise certain entry-level wages by up to 5 percent<br \/>\nand offered one-off payments to higher categories of workers.<\/p>\n<p><span><\/span><\/p>\n<p>The price fall also affected physical deliveries to Europe,<br \/>\nwhere a contract for delivery in January with destination<br \/>\nAmsterdam\/Rotterdam\/Antwerp (DES ARA) was traded at $88 a tonne,<br \/>\ndown half a dollar on the previous day.<\/p>\n<p><span><\/span><\/p>\n<p>On the financial side, API2 2013 coal swaps remained in a<br \/>\ndownward trend that has been in place since the third quarter of<br \/>\n2011.<\/p>\n<p><span><\/span><\/p>\n<p>The contract was trading at $94.40 a tonne on Wednesday<br \/>\nafternoon, up from this month&#8217;s low of $92.50, but still alsmost<br \/>\n30 percent below levels seen in Q3 2011.<\/p>\n<p> (Reporting by Henning Gloystein, editing by William Hardy)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON Nov 7 (Reuters) &#8211; South African physical coal prices eased on Wednesday as coal companies there signed a wage deal with unions in an effort to avoid a wave of illegal strikes that have rocked the gold and platinum sectors. Physical deliveries for December saw a bid-offer range of $78 at $81.25 per tonne [&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-16477","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\/16477","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=16477"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16477\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}