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Wildcat strike costs Bokoni dearly

Jan 18 2013 17:17 Fin24


Company Data

Anglo American Plat Ltd [JSE:AMS]

Last traded 505.25
Change -4.75
% Change -0.01
Cumulative volume 37633
Market cap 136.26bn

Last Updated: 25/04/2014 at 11:05. Prices are delayed by 15 minutes. Source: McGregor BFA

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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.

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amplats  |  limpopo  |  mining unrest
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