Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

Reuters Breakingviews: No easy solutions in mining dispute

Friday, August 17, 2012 - 04:37

Aug. 17 - The South African mining dispute has major implications for mining groups. The South African government needs to step in and restore order, says Breakingviews.

▲ Hide Transcript

View Transcript

Today -- what is -- you use the many implications of these south African mining bloodshed. And China's investment banks a case of two steps forward one step back with -- is Chris used let's talk about South Africa -- calm again. It's it's hard to talk about the mining groups and the implications for them given this this backdrop of bloodshed. But of course implications. Huge for them to. -- is a very. Serious and difficult from -- situation. OK we so. Killings -- today as. Complicates it. Dispute between unions. This platinum on and run by -- men. Now. It's hard to see Waltz. -- Can. Two quickly to. -- made the situation. And the pay back some of the realities that. I should be the economics of the platinum business. And all. Are changing. Then Null than what while this is the sort of as as the sole source of supply in the world. It's not touch is simplest thing -- The cost of production where I guess my problem is this is almost -- sensed -- throughout the economics of the passion and industry. At a time tonight what the question is what is the response that the lower management can say it in -- deal they simply. -- -- -- raise the wages well it's not quite that simple because actually. Arriving units of sustainable level. My -- of of wage an industry where actually. The that that the month -- husband is as. Most phones at walls. And it's really actually up to the -- -- feel that that the government and South Africa to restored and now the the difficulties he made us this this this is kind of they could issue with the woman who shows up. The south African issues that tells haven't patients for. A big global industry and it's going to resonate and told us that there are really know who. There and move. Easy solutions. For the mining companies than -- What it was -- if you look at the way that the that the law restricting and the -- Loria. And investors. Are all walking in the house of recognition of just how difficult the situation. So okay. Let's talk about the Chinese banks. On that expansion plans. Abroad. In investment banking that really have been put on hold or should be put on hold this thing. Well there's this big rush into investment banking -- from experts and see what they did it in hiring your home call and Kabila took a look this is. Annoyance. Opportunity we've got time some some suppliers treat muscle. Let's commend that but people books and about one may say you. You know and it's making all maneuvers he should be is. It's made a loss. -- -- -- based on what Emily because I've won that cultural issues of course but but it could also lose they're wrong a number of strong entrenched process. Taxes wind and I'm just trying to grab market share from them as being extremely. Yeah -- be doing just walking through that's why you think it. Well because yeah. I have to pharmacies trying to handle so graceful look of the big west than. Play is well yeah how a lot of problems and therefore. In that they were they were retreats and an attraction and therefore this up with. Well. All we need to do is is just from office and on people. And it'll be -- that's -- -- will be another dollars in the cultural issues. There's risk management issues. That is that is that's is guessing -- war in commercial bank has been working with -- has. Buried at the very difficult attack to the response now what does that have there's emissions from the -- -- -- Chris thanks very much indeed about Chris Hughes. For more I thought what are US Britain you show every day talk for the east in seventeen that it BST. I'm -- problems is what is.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Reuters Breakingviews: No easy solutions in mining dispute

Friday, August 17, 2012 - 04:37