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New offer for Amplats strikers

Nov 14 2012 09:02 Reuters
Amplats

A striking Amplats worker

Company Data

Anglo American Plat Ltd [JSE:AMS]

Last traded 510.01
Change 2.01
% Change 0.00
Cumulative volume 172367
Market cap 137.54bn

Last Updated: 24/04/2014 at 03:44. Prices are delayed by 15 minutes. Source: McGregor BFA

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 278.16
Change 4.75
% Change 0.02
Cumulative volume 2138153
Market cap 390.94bn

Last Updated: 24/04/2014 at 03:54. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Anglo Platinum [JSE:AMS] (Amplats) has made a new offer to striking workers, a labour leader said on Wednesday, after two months of wildcat action that has cost it about R2.2bn worth of output so far.

Amplats, a unit of global mining giant Anglo American [JSE:AGL], gave the strikers workers until today to return to work or face sacking.

"Yesterday we had a meeting with the management and today we are giving the miners feedback. There is a new offer," Evans Ramokga, a labour leader at Amplats, told Reuters.

He could not disclose the details of the new offer, saying it had to be communicated to the workers first.

The strikers had rejected Amplats' previous offer that included a R4 500 one-off payment and a pledge to start wage talks ahead of the expiry of current agreements next year.

Amplats spokesperson Mpumi Sithole said she had yet to get the details of the outcome of the meeting between the management and miners.

South Africa's gold and platinum sectors have been rocked by months of illegal and often violent strikes that have resulted in over 50 deaths, mostly at the hands of police. Most of the affected gold operations are back to work.

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anglo american  |  amplats  |  mining unrest
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