Share

Lonmin workers strike at Marikana mine

Marikana - The world's third-largest platinum producer Lonmin [JSE: LON] said around 6 000 workers had gone on an illegal strike on Tuesday at its Marikana mine, which was the site of deadly labour violence last year.

The strike at the mine where 34 workers were shot dead by police last August also coincided with a visit by journalists to the site.

"This is the largest number of people who have refused to go underground since the end of the strike in August. It's illegal. It's not sanctioned," Mark Munroe, Lonmin's head of mining, told reporters.

Lonmin said the protests were being carried out by miners affiliated with the Association of Mineworkers and Construction Union (Amcu), who were demanding the closure of the offices of the rival National Union of Mineworkers because it was no longer the majority union.

The turf war between Amcu and NUM, which is a powerful political ally of the ANC, was at the heart of much of the unrest that hit the platinum and gold mining sectors last year, triggering labour violence that killed over 50 people.

The union rivalry has also shaken investor confidence in the world's top platinum producer and led to credit downgrades.

Lonmin's share price fell more than 1% on the news, underperforming the wider All Share [JSE:J203] index  which was 1.19% higher.  

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.98
+0.2%
Rand - Pound
23.78
+0.1%
Rand - Euro
20.40
+0.0%
Rand - Aus dollar
12.44
-0.3%
Rand - Yen
0.12
+0.8%
Platinum
924.60
-0.1%
Palladium
982.50
-0.8%
Gold
2,347.77
+0.7%
Silver
27.71
+1.0%
Brent Crude
89.01
+1.1%
Top 40
69,087
+1.0%
All Share
74,992
+0.9%
Resource 10
62,774
+1.1%
Industrial 25
103,737
+1.2%
Financial 15
15,859
+0.4%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders