Loading...
See More

Wildcat strike costs Bokoni dearly

Jan 18 2013 17:17 Fin24


Company Data

Anglo American Plat Ltd [JSE:AMS]

Last traded 370.43
Change 1.23
% Change 0.00
Cumulative volume 259604
Market cap 99.90bn

Last Updated: 30/09/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Bokoni strike ends

Atlatsa sacks over 1 000 Bokoni strikers

Returning Bokoni miners intimidated

Bokoni strikers dismissed

Interdict served on Bokoni strikers

Striking Bokoni miners meet at stadium

 
Johannesburg - A two-month strike at Bokoni platinum mine late last year resulted in the loss of 35 500 platinum group metal ounces, Atlatsa Resources said on Friday.

Operations was halted by strike action from the beginning of October to the start of December last year.

The majority of the mine's 3 500 permanent staff and 900 contractors downed tools after protesters demanded a pay increase of more than R16 000 a month.

Bukoni sacked 2 161 workers but later gave them a chance to return to their jobs.

The strike ended following the signing of an agreement between the company and its employees. According to the agreement‚ re-employed workers received a once-off payment of R2 000 and a R400 increase to their existing travel allowance.

The existing wage agreement at Bokoni‚ due to expire in July 2013‚ remains in place with no further amendments.

During the strike, 56 people were arrested after stones were thrown at vehicles passing the mine.

Bokoni is 49% owned by Anglo Platinum [JSE:AMS] in a joint venture with Atlatsa.

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

amplats  |  limpopo  |  mining unrest
NEXT ON FIN24X

 
 
 

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
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Money Clinic

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