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Lonmin strikers accept pay offer

Sep 18 2012 18:02

Company Data

Lonmin plc [JSE:LON]

Last traded 41.16
Change -0.04
% Change 0.00
Cumulative volume 673756
Market cap 23.49bn

Last Updated: 02/09/2014 at 03:33. Prices are delayed by 15 minutes. Source: McGregor BFA

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Marikana - Striking miners at Lonmin's Marikana platinum accepted a company offer of a 22% overall pay increase to end more than five weeks of crippling and bloody industrial action.

Workers gathered at a soccer pitch near the Marikana mine cheered when they were informed of the 22% offer, and said they would return to work on Thursday.

"The workers are very happy with it [the wage offer] and so we believe that what has happened here has been a victory really for the workers, and they're going to work on Thursday morning," said Bishop Jo Seoka, South African Council of Churches president who brokered the talks between the miners and their employer.

lonmin  |  mahikeng  |  labour  |  mining  |  mining unrest  |  lonmin unrest
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