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Platinum ceos’ joint statement: AMCU wage demands unaffordable
January 22, 2014 - 12:36 GMT
The heads of the world’s leading platinum producers have issued a joint statement branding wage increases demanded by South Africa’s Assn of Mineworkers and Construction Union (AMCU) unaffordable and unrealistic, as miners prepare to strike.
Lonmin, Anglo American Platinum and Impala's Implats said
the strike will hurt the platinum industry, the families and
communities of workers and South Africa as a whole. All three
produce UG2 chrome ore as a by-product of platinum. The AMCU
action could involve 90,000 workers, including members at gold
mines in the country. The union is demanding entry-level
salaries of ZAR12,500 ($1,152) per month. Some South African
platinum workers are reported to earn as little as...
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