Lonmin pitches bonus to break wage impasse
Sapa reports that Lonmin has offered R1,500 in a one-off bonus in order to break the
six week strike. This and other updates from the wire agencies on the strike talks
progress.
Amplats’s Griffith: “Let’s learn from gold’
Miners operating in platinum have much to learn from their peers in gold, according
to Anglo American Platinum CEO Chris Griffith.
Malema frog-marched as settlement hopes grow
Julius Malema is frog-marched from Marikana where he hoped to address about
2,000 striking Lonmin workers on a day when the prospect of a wage settlement
flickered encouragingly.
It’s either wage hikes or jobs, says Lonmin
The demand for a R12,500 a month salary is unsustainable and will cause some
workers to lose their jobs so that the remainder can earn that much, says Lonmin
CEO Simon Scott.
Num proposes its own peace strategy
The entire mining sector has to abandon existing wage agreements and start an
expanded round of central bargaining negotiations, according to the National Union of
Mineworkers.
SA leaders thought Marikana would “blow over’
SA’s leaders did not respond earlier to the ongoing crisis in Marikana and
surrounding mines because they thought that "Marikana was an isolated incident'.
Lonmin strike claims first job casualties
The ongoing strike at Lonmin’s operations has claimed its first operational casualty
as the company announces the closure of its K4 shaft.
Aquarius temporarily halts Kroondal
Aquarius Platinum has temporarily suspended its sole operating asset in South
Africa, saying that its Kroondal joint venture with Anglo American Platinum will be
closed until Sunday.
Gordhan lays out cost of mine violence
Minister of Finance Pravin Gordhan has spelled out the economic ramifications of the
ongoing labour crisis facing the country’s mining sector as the government vows to
step up action.
Gold shares surge 4% on JSE, platinums follow
Gold and platinum shares shrugged off the blues on Friday as the metal prices for
both gained further traction, although for quite different reasons.