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Platinum jumps on strike anxiety

Posted on 29 April 2014

Talks between South Africa’s biggest three Platinum producers and their unions collapsed Thursday and the companies said they would take their latest wage offer directly to employees. South Africa’s longest and most damaging mining strike in living memory is not about to come to an abrupt end as both sides strive to win rank and file hearts and minds in a high stakes war of attrition on the platinum belt, Reuters reported.
Leaders of the Association of Mineworkers and Construction Union (AMCU) have signalled their displeasure with the offer from the world’s top three producers, Anglo American Platinum, Impala Platinum and Lonmin………………………………………..Full Article: Source


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