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Amplats probes shooting as shares slide

Feb 18 2013 17:00 Reuters, AFP
Amplats

During the meeting a number of proposals were dicussed on how the effects of Amplats' restructuring plans could be mitigated. (File, AP)

Company Data

Anglo American Plat Ltd [JSE:AMS]

Last traded 304
Change 5
% Change 2
Cumulative volume 337887
Market cap 0

Last Updated: 24-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Shares of Anglo Platinum [JSE:AMS] tumbled more than 5% on Monday following an eNCA television report that five workers were shot by security guards after clashes between rival union factions.

Shares of Amplats were down nearly 5.16% at R440.99 at 16:34.

The station said it believed one worker at the Siphumelele shaft had been killed

"People are reported to be injured... some have been sent to the hospital, but we have not yet verified the levels of the injuries and who may have been the cause of the injuries," police spokesperson Thulani Ngubane told Eye Witness News.

Amplats spokesperson Mpumi Sithole told AFP the company was "currently gathering the details".

Initial reports suggested the latest shooting was a result of a turf war between the main National Union of Mineworker (NUM) and a smaller upstart Association of Mineworkers and Construction Union (AMCU).

NUM spokesperson Lesiba Seshoka confirmed the clashes but did not have details.

"I am not aware about the fatalities" he told AFP, but he was aware of the injured.

The incident took place near Rustenburg, which was at the heart of labour unrest that rocked the country last year and left over 50 people dead.

Amplats in January raised the ire of labour and the government when it said it planned to mothball two South African mines, sell another and cut 14 000 jobs.



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