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Amcu calls off Lonmin strike

Jun 13 2013 19:00 Reuters, Sapa
Mining

(File) (Shutterstock)

Company Data

Lonmin plc [JSE:LON]

Last traded 37.68
Change 0.23
% Change 0.01
Cumulative volume 3529
Market cap 21.50bn

Last Updated: 17/09/2014 at 09:06. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - South Africa's Association of Mineworkers and Construction Union (Amcu) said on Thursday it has delayed plans to strike at platinum producer Lonmin [JSE:LON] pending government-led crisis talks.

"Yes, we have delayed that [strike]. We are talking to the company," said Association of Mineworkers and Construction Union (Amcu) general secretary Jeff Mphahlele.

He confirmed the union would wait for a meeting between Deputy President Kgalema Motlanthe and key players in the mining industry on Friday.

Motlanthe is due to meet unions, mining bosses and government departments to try and ease tensions on the mines. Amcu said in a statement it wanted to give him "an opportunity of realising the challenges faced" by its members.

On Wednesday Lonmin said it was confident it could reach a recognition agreement with Amcu and avert a strike.

Amcu wants to be recognised as the majority union at Lonmin as it now represents over 70% of the workforce at the world's third-largest producer of the precious metal.

The company and the union have been in talks for the past two days but have so far failed to reach an agreement.

Amcu said on Tuesday it would serve Lonmin with a notice to strike today if there was no agreement.


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