Amcu strike ends
Implats mulls increased mechanisation
The company will unveil the results of a strategic review in December.
A restructuring is expected in South Africa’s platinum sector after a strike by Amcu which ended in June.
Despite reports of Lonmin cutting 5,700 positions, Amcu says it’s not received word from the company.
According to a report, the platinum producers aims to cut around 5,700 jobs.
The plan would see the closure of four to six of the company's 11 shafts.
But Joseph Mathunjwa says he would prefer that the mines were bought by the state.
The latest victim was outside a bottle store when a group of armed men opened fire on him.
Amcu branch secretary Bongani Bhayi Mehlonkomo was gunned down on his way home from work.
Amplats says “a number” of suitors had expressed interest in buying the strike-hit mines.
The mining union will sign a three-year wage agreement with Royal Bafokeng Platinum today.
Around 2,000 workers downed tools at Impala Platinum's Marula mine yesterday.
Platinum producers have denied they gave an undertaking to Amcu to refrain from restructuring.
Analysts warn restructuring will cause massive job cuts in the troubled strike-hit sector.
The first phase of the re-induction of thousands of mineworkers has been completed at Lonmin.
Greg Nicolson unpacks the platinum sector deal and the future implications.
The top three platinum companies have collectively lost over R20bn during the work stoppage.
Amcu members return to work this morning for the first time in over five months.
Platinum mining shares gave up some of Monday’s gains as investors sized up the cost of a wage deal.
The agreement brings an end to the over five-month long wage strike on the platinum belt.