• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Amplats: Production still lost

Dec 14 2012 18:34

Johannesburg - Production at Anglo American Platinum's Rustenburg, Union and Amandelbult mines have not yet reached pre-strike levels, the mining company said on Friday.

"Due to the planned ramp-up process the operations have not yet reached the pre-strike production levels and the company continues to lose production," spokeswoman Mpumi Sithole said in a statement.

"Production is now above 80% of steady state level."

About 21 000 mine workers, out of a workforce of 58 000 at Amplats operations in Rustenburg, went on a wildcat strike in mid-September, demanding a monthly salary of R16 000 before deductions.

Striking miners accepted an offer by Amplats on November 15.

Workers agreed to a R4 500 once-off payment and a pre-tax, stand-alone allowance of R600 a month, the National Union of Mineworkers said at the time.

Since workers accepted Amplat's offer and returned to work, the company had lost a further 40 000 ounces of platinum production from its own mines, said Sithole.

Total losses from the strike and the on-going ramp up period was 235 000 ounces of platinum production, with 195 000 ounces lost as a result of the illegal strike.

"We are pleased that our employees are back at work and that the safe start-up programme was conducted successfully and ramp-up is progressing according to plan," said Amplats CEO Chris Griffith.

amplats

 
 
 

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
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...