Implats: Wage talks with Amcu continue

Impala Platinum says platinum producers and Amcu are still trying to resolve outstanding issues.

Hundreds of striking Amcu miners wait patiently as the sun sets to hear what the latest offer is from platinum producers on 12 June 2014. Picture: Reinart Torrien/EWN.

JOHANNESBURG - Impala Platinum says talks with the Association of Mineworkers and Construction Union (Amcu) are still continuing and no agreement has yet been signed.

Last week it was announced that an agreement in principle had been reached between the mining union and the world's top three platinum producers.

However Amcu President Joseph Mathunjwa says there are still issues that need to be resolved before the union can sign the deal and call off the industrial action.

Impala Platinum's Johan Theron says they are trying to resolve all the outstanding issues.

"We're trying to do it as soon as possible but it can't be rushed. As we get nearer to the end, it very important that we bring this to close in a constructive way so as not to leave open areas for interpretation going forward."

Thousands of Amcu members went on strike in January, demanding an entry level salary of R12,500.

Amcu and platinum producers met at the weekend to finalise a deal to end the five month long strike.

Platinum producers have proposed to increase the salary of the lowest paid worker by R1,000 for two years and R950 in the third year, excluding other benefits.

The strike has already had a negative impact on the country's economy and investor confidence and has been mentioned by ratings agency Standard & Poor's as one of the reasons South Africa's credit rating was downgraded.

An announcement is expected soon and it's hoped that miners will return to work immediately.

Watch: Platinum strike: End in sight?