Amplats quells job loss concerns

Mining analyst Michael Kavanagh said under new management the mines will be loved and cared for.

FILE: Miners blocking a bridge at Amplats Thembalani shaft, checking who is reporting for duty. Picture: Govan Whittles/EWN.

JOHANNESBURG - While mining unions have expressed concerns about possible job losses following news that Anglo American Platinum (Amplats) plans to sell some of its mines, analysts believe under new management jobs could be created.

Yesterday, Amplats announced that it will sell its Union and Rustenburg mines.

It also announced that its exiting its Pandora and Bokoni joint ventures so the company can focus on its profitable opencast and mechanised mines.

Amplats says the sale has nothing to do with the five-month-long strike that hit the sector this year.

The National Union of Mineworkers says more than 20,000 workers stand to lose their jobs.

Mining analyst Michael Kavanagh said under new management the mines will be loved and cared for.

"It's not impossible to think the mines will be expanded and jobs will be created."