• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

See More

CCMA pledges fair deal in Amplats talks

Jan 18 2013 22:38 Sapa

(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

Related Articles

CCMA to facilitate in Amplats process

Amplats, govt discuss way forward

Nationalise Amplats mines - Amcu

Amplats miners back at work

Amplats: CEO cites JSE rules

Churches asked to intervene at Amplats

Johannesburg - Anglo Platinum [JSE:AMS] (Amplats) has asked the CCMA to facilitate discussions with unions about possible retrenchments.

"The first facilitation meeting [on] Friday was adjourned as the parties all agreed to a postponement," Commission for Conciliation, Mediation and Arbitration spokesperson Nersan Govender said in a statement on Friday.

This was to allow the unions to consult their members and finalise their delegations. The process would resume on January 30.

Amplats announced this week it planned to stop production at four of its shafts in Rustenburg, which could result in the loss of 14 000 jobs, and to sell a mine considered unsustainable.

As a result, Amplats workers refused to go underground on Tuesday. However, on Wednesday night they abandoned their illegal strike.

CCMA director Nerine Kahn said: "The CCMA remains committed to do whatever necessary to ensure the best possible outcome for all parties".

On Thursday, Amplats CEO Chris Griffith and Mineral Resources Minister Susan Shabangu met to discuss the company's restructuring plans. They agreed to meet again in the next 90 days.

"We welcome the opportunity for continuing engagement with minister Shabangu and her team," Griffith said in a statement on Friday.

"[The meeting was] to reach our shared objective of creating a sustainable, competitive, and profitable platinum business for the benefit of all stakeholders and for South Africa."

There would also be continuing discussions about the economic problems facing the platinum industry as a whole.

The company said updates would be provided in due course.

At a media briefing in Johannesburg on Monday, ANC secretary-general Gwede Mantashe said mining companies misrepresenting their intentions could have their licences revoked.

"Are companies giving nice plans to government so that they get the licence and once approved [they forget about it]?" Mantashe asked.

"If you misrepresent what your intentions are when you submit a plan, all parties have a right to revoke the licence."

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

amplats  |  strikes  |  ccma  |  mines


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
Add your comment
Comment 0 characters remaining

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:


Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.

Top 10 richest musicians of all time

Check out the gallery to find out who they are!


Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

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

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote