• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

See More

Thousands march as Lonmin death toll rises

Aug 14 2012 16:18

Company Data

Lonmin plc [JSE:LON]

Last traded 26
Change 0
% Change 0
Cumulative volume 1412564
Market cap 0

Last Updated: 24-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Lonmin halts output after violence

Lonmin shares fall on mine violence

Lonmin protests stable, say police

Union members injured in Lonmin violence

Update: Nine killed in mine union violence

Mining communities lose out on riches

Marikana — Several thousand miners met on a rocky hillside to protest their work conditions at the Lonmin [JSE:LON] platinum mine on Tuesday, as a middle-aged man lay dead less than 100 meters away where violence had already killed nine other people, AP reported on Tuesday.

The man had been bludgeoned to death near the mine outside of Marikana, about 70km northwest of Johannesburg. It was unclear who killed the man and the people around him would not give any details.

Police drove through the area earlier on Tuesday, pausing only to look at the gathered miners from a distance. They then drove off.

Reuters reports that the world’s third largest platinum producer shut down its South African operations on Tuesday and its shares tumbled as the violence continued unabated.

Two policemen and two security guards were among those killed in the clashes from Friday through to Monday.

It was the deadliest violence so far in a union membership turf war between South Africa’s dominant National Union of Mineworkers (Num) and the relatively new Association of Mineworkers and Construction Union (AMCU).

Executives at Lonmin said all its shafts across the South African platinum belt were closed down with only essential services such as ventilation operating.

“Until the place is safe we don’t want to talk about production,” Lonmin Executive Vice President Barnard Mokwena told a press briefing at Marikana.

Lonmin shares dropped almost 5% in London and 4% in Johannesburg on Tuesday.

Outside the mine in Marikana protesters laid razorwire to reinforce gates that surround the mills, according to an AP reporter.

Hundreds more people carrying pipes and sticks walked from nearby shantytowns to join the protests, as a police helicopter circled overhead.

Earlier on Tuesday, angry miners attacked journalists in vehicles at the site. The miners hit cars with sticks and pipes.

Protests began on Friday at the mine when workers walked off the job over a salary dispute, Lonmin said in a statement.

The platinum sector is grappling with declining world prices for the precious metal and a surge in union clashes in South Africa, home to 80% of known reserves.

Complaints that the Num, which remains a buttress of political and electoral support for the ANC, is not defending the interests of its rank and file have put the longstanding labour grouping under siege.

Aggressive new unions have been poaching Num members in often violent turf wars. Lonmin executives said AMCU now had 21% of the company’s 28 000-strong South African workforce as members. 

- AP, Reuters

* Follow Fin24 on Facebook, Twitter and Google+.

lonmin  |  marikana  |  mining unrest  |  mining protest


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
Add your comment
Comment 0 characters remaining

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:


Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.

10 most expensive cars In the world

This is car porn at its best!


Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

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

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote