• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Amcu calls off Lonmin strike

Jun 13 2013 19:00 Reuters, Sapa
Mining

(File) (Shutterstock)

Company Data

Lonmin plc [JSE:LON]

Last traded 51.27
Change -0.74
% Change -0.01
Cumulative volume 506790
Market cap 29.15bn

Last Updated: 24/04/2014 at 04:17. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Lonmin gives full backing to Amcu talks

Lonmin confident of averting strike

Lonmin, Amcu in talks to avert strike

We will act to prevent strike - Lonmin

Zuma talks tough on mining unrest

Motlanthe convenes mining industry forum

 
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.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

lonmin  |  amcu  |  strikes
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
5 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

The rich will pay - Mpofu

The EFF in Gauteng will focus all its energy on improving the lives of the poor, the party's premier candidate Dali Mpofu says.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...