Data provided by McGregor BFA
All data is delayed
Loading...
See More

Amcu postpones CCMA platinum wage talks

Feb 14 2014 09:50
Platinum bars

(Picture: Shutterstock) (Shutterstock)

Related Articles

Zuma wants a better mining sector

Dept rejects claim to deregister Amcu

CCMA, Amcu set for discussions

Platinum talks resume

More talks to end crippling mine strike

Costs mount as Amcu strike talks drag on

 

Johannesburg  - Talks between the Association of Mineworkers and Construction Union (Amcu) and the CCMA about a wage strike in the platinum sector will be postponed to next week, a union leader said on Friday.

The mediator was scheduled to meet Amcu officials on Friday but the union said it was organising a funeral of a steward who was killed in a clash with police at an Anglo American Platinum (Amplats) mine last week.

"We will be available next week," Amcu president Joseph Mathunjwa told eNCA television.

The state mediator met producers separately on Thursday.

Members of Amcu downed tools three weeks ago at Amplats, Impala Platinum and Lonmin after wage talks failed. Hitting over 40% of global output of the precious metal, the strike is stoking tensions on the platinum belt.

The stoppages are costing the country an estimated $36m a day and are an unwelcome distraction for President Jacob Zuma and the ruling African National Congress three months before general elections.

Amcu wants basic pay to more than double to R12 500 a month, which companies say they can ill afford as they grapple with soaring costs and depressed global demand for the metal used for emissions-capping catalytic converters in vehicles.

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

amcu  |  ccma  |  platinum  |  mining unrest
NEXT ON FIN24X

ANC on the defensive

46 minutes ago

 
 
 

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
15 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

DA wants to empower fishing communities - Zille

DA leader Helen Zille says the party has a plan for harbours and small-scale fishing communities.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

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