Loading...
See More

BWL

Lonmin to fund children of dead workers

Aug 17 2012 22:27

Company Data

Lonmin plc [JSE:LON]

Last traded 0
Change 1,3
% Change 0
Cumulative volume 739311
Market cap 18.14bn

Last Updated: 19-12-2014 at 04:40. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Nehawu: Marikana killings 'senseless'

Business uneasy by nature of SA strikes

Lonmin bloodshed has global implications

Lonmin punished after mine crackdown

Lonmin shares dive as death toll rises

Law society takes aim at mining industry

 

Johannesburg - Lonmin will fund the education of children whose parents died in the Marikana mine in North West, the company announced on Friday.

Lonmin CFO Simon Scott said the company had established a help desk at the Andrew Saffy Hospital to help with identification of bodies and burial arrangements.

"In addition to the help desk services Lonmin commits to provide funding for the education of all the children of employees who lost their lives.

"This funding will cover education costs from primary school to university," said Scott in a statement.

"On behalf of the whole company I would like to express our sincere condolences to the families and friends of all those employees who have lost their lives, not only in the events of Thursday but also in the days leading up to it," said Scott.

Earlier, national police commissioner Riah Phiyega told reporters that the shooting that erupted on Thursday left 34 people dead and at least 78 injured.

Phiyega said the protesters stormed towards the police, firing shots, and "police had to protect themselves".

Another 10 people, including police officers and security guards, had by that time been killed in violent protests the past week.

A total of 259 people were arrested and six firearms recovered.

The protests were believed to be linked to rivalry between the National Union of Mineworkers (NUM) and the Association of Mineworkers and Construction Union (Amcu) over recognition agreements at the mine. Workers also wanted higher wages.

Meanwhil,e Shanduka Group said it was deeply shocked by the tragedy at the world's third biggest platinum producer.

"In the wake of this national tragedy, it is critical that all parties take meaningful steps to ensure that nothing of this nature ever happens again," the group said.

Business Unity SA (Busa) also added its voice on the condolences:

"It is extremely regrettable that apparent failures on the labour relations front and security concerns have escalated into violence and have resulted in this tragic loss of human life."

lonmin  |  busa  |  mahikeng  |  mining unrest
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

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
53 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

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