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ANC fuming over Amplats job cuts

Jan 16 2013 08:04 Sapa
Jackson Mthembu

Jackson Mthembu. Picture: Sapa

Company Data

Anglo American Plat Ltd [JSE:AMS]

Last traded 499.00
Change 7.65
% Change 0.02
Cumulative volume 234841
Market cap 134.57bn

Last Updated: 17/04/2014 at 02:17. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Global platinum miner Anglo Platinum [JSE:AMS] wanted to divert its business from South Africa and send the country's mining industry "to the dogs", the ANC said on Wednesday. 

"The ANC condemns the action taken by Anglo American Platinum Limited who have exploited and then mercilessly created conditions to eliminate 14 000 jobs of which 13 000 are in the Rustenburg area," said spokesperson Jackson Mthembu

The company warned on Monday that it would axe 14 000 jobs in a major restructuring of its operations. 

The party called the decision "cynical and dangerous in the extreme". 

Minister of Minerals and Energy Susan Shabangu should call an urgent industry meeting to have companies who wanted to mothball mine shafts surrender their licences. 

"Such licences can be put on a public auction for new owners who are still hungry to mine, to put them to good use."

 

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anc  |  anglo platinum  |  jackson mthembu  |  mining
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