Platinum strike: Negotiations continue
The industry has reached a dead end, with mine bosses suing the union and workers refusing to budge.
JOHANNESBURG - Platinum wage negotiations between Lonmin, Anglo American, Impala Platinum and the Association of Mineworkers and Construction Union (Amcu) will resume at the Commission for Conciliation, Mediation and Arbitration (CCMA) today.
But it seems the industry has reached a dead end, with mine bosses suing the union and workers refusing to budge from the demand of R12,500.
Last week, the two parties squared off in the Labour Court as Anglo American attempted to have Amcu leaders arrested or fined for allegedly intimidating non-striking workers.
Mining analyst Peter Major says the outlook is dim.
"I am frustrated as hell because we've thrown away 10 fantastic years. All our mining production on precious metal is down. Diamonds, platinum and gold are at 10, 20 and 100 year lows."
Meanwhile, in the Eastern Cape, the families of thousands of mineworkers are appealing to the platinum companies to reach a settlement.
Last week, the Congress of Traditional Leaders of South Africa (Contralesa) met with executives at Lonmin Platinum in a bid to fast track the settlement.
Contralesa President, Setlamorago Thobejane, says the strike has a devastating knock-on effect.
"When they're doing well, all of us are surviving here. But once there's a strike, there's no income into these homes and none of us have money. When next door doesn't have breakfast, the children will go to the next family."