Lonmin wage talks
Minerals Minister urges stakeholders to be realistic in wage talks
Platinum producers are preparing to start wage talks in the sector.
Lonmin’s shares have lost around 90% of their value over the last year due to strike action & rising costs.
A report revealed that Lonmin transferred R1.2bn to Bermuda in the wake of the Marikana tragedy.
The longest and most costly labour stoppage has cut 40 percent of global platinum production.
The deputy president’s spokesperson said the meeting would’ve taken place even if there was no strike.
The Amcu president says bosses are not aware of the financial plight of their workers.
The CEO says it’s in the best interest of both labour and the company itself to deal with all parties.
A strike across the platinum belt is looming after Amcu members voted to down tools.
He also criticised violence in the mining sector.
Govt, Chamber of Mines and mining CEO's are meeting to find a solution to the mining sector crises.
Major mining companies in Rustenburg are locked in talks with unions to keep their heads above water.
Strikes are a certainty given inflation, worker militancy and shrinking company margins.
Platinum miner Lonmin said 150 positions are initially likely to go as part of a shake-up plan.
Amplats have warned that striking miners could face dismissal if they do not return to work.
Marikana miners showed strong support for upstart union Amcu at the Wonderkop Stadium.
Lonmin management says the wage settlement signed by them and miners is in honour of staff who died.
The wage agreement between Lonmin management and workers has been officially signed.
Officials are now hoping that normality will return to Lonmin’s Marikana mine.
Striking workers at Lonmin’s Marikana mine accepted a wage offer on Tuesday.