Platinum ceos’ joint statement: AMCU wage demands unaffordable

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...


Janie Davies

January 22, 2014

12:36 GMT