All data is delayed
See More

Nationalise Amplats mines - Amcu

Jan 17 2013 13:03

Joseph Mathunjwa, Amcu president. Photo: FELIX DLANGAMANDLA

Company Data


Last traded 9
Change 0
% Change 5
Cumulative volume 1056051
Market cap 0

Last Updated: 30-11-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA


Last traded 200
Change -2
% Change -1
Cumulative volume 782559
Market cap 0

Last Updated: 30-11-2015 at 05:07. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Premier to hold talks with Amplats

NUM to meet Amplats shop stewards

Amplats: CEO cites JSE rules

CCMA to facilitate in Amplats process

Workers shocked by Amplats threat

Amplats miners back at work


Johannesburg - The government should nationalise Anglo Platinum [JSE:AMS] if it continues with the proposed retrenchment of 14 000 workers, trade union Amcu said on Thursday.

"If Anglo persists with the retrenchments, it's a window for government to take those mines and nationalise them," Association of Mineworkers and Construction Union president Joseph Mathunjwa told reporters in Johannesburg.

"See if nationalisation will work on a small scale. The issue of retrenchments is just a drop in the water."

Anglo Platinum (Amplats) announced this week it could cut up to 14 000 jobs, close four shafts and sell a mine considered unsustainable.

Mathunjwa expressed shock at the announcement.

"We were shocked on Tuesday.... This is very unacceptable," he said.

"We all know the country is facing a high number of unemployment. Now for Anglo Platinum to shed so many jobs is a sign of not putting the interest of this country at heart."

The union would hold a meeting in Rustenburg to discuss and plan the way forward.

Mathunjwa said it was important for the government to step in to find "amicable solutions" to the problems facing the mining sector and the economy at large.

"We cannot let these foreign investors do as they please with our mineral resources," he said.

"It is high time now that we as a nation stand together and find ways of ensuring that our mineral resources benefit the people of South Africa."

He said Amcu represented about 26 000 Amplats employees.

On Tuesday, workers embarked on a strike and refused to go underground following the company's announcement that about 14 000 jobs could be lost by its plan to stop production at four of its shafts in Rustenburg.

The announcement came after Harmony Gold Mining Company [JSE:HAR] said it was suspending operations at its Kusasalethu mine in Carletonville to review operations after several illegal strikes.

On Wednesday night, Amplats miners returned to work and abandoned their illegal strike, the company said.

Mathunjwa described the situation at Harmony Gold as tense.

He said when workers returned to work on January 3, the gates were closed and they were told the mine was shut down until further notice.

Miners were denied access into the mine hostel and many slept outside the gates, he said.

Amcu took the matter to the High Court in Johannesburg, to obtain an urgent interdict granting access to the hostels. The matter will be heard on January 22.


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


Read Fin24’s Comments Policy 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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote