Share

Lonmin not mothballing mine shafts

Johannesburg - Platinum producer Lonmin has not mothballed mine shafts due to the almost five-month-old Amcu strike, the company said on Tuesday.

Spokesperson Sue Vey said the company had not taken this step.

The industry's lost earnings as a result of the strike have passed R21.8bn.

Vey said the company was aware that Bapo ba Mogale, the tribe that owned the platinum-rich land where Lonmin mined near Rustenburg, had approached the Constitutional Court and the North West High Court regarding the strike.

Bapo ba Mogale reportedly approached the courts in a bid to have the ongoing Association of Mineworkers and Construction Union (Amcu) strike declared unlawful and unconstitutional.

"As to whether this will have an effect depends on the courts," Vey said.

Bapo ba Mogale was not immediately available for comment.

According to Lonmin's website, the company has paid royalties valued at around R370m to the Bapo ba Mogale Community via the North West provincial government, which holds the money in trust on behalf of the community.

Amcu members at Anglo American Platinum, Impala Platinum, and Lonmin downed tools on January 23, demanding a basic monthly salary of R12 500.

They have so far rejected the companies' offer that would bring their cash remuneration to R12 500 by July 2017.

An inter-governmental task team set up by Minerals and Resources Minister Ngoako Ramatlhodi in a bid to end the strike pulled out of negotiations on Monday, having failed to broker a deal.

Ramatlhodi on Tuesday denied that he "abandoned" the wage negotiations.

"I strongly believe we've done enough work... for the parties to be able to move forward [independently]," he told reporters in Pretoria.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.21
-0.5%
Rand - Pound
23.95
-0.7%
Rand - Euro
20.56
-0.5%
Rand - Aus dollar
12.48
-0.7%
Rand - Yen
0.12
-0.2%
Platinum
912.40
-0.8%
Palladium
1,005.00
-2.1%
Gold
2,314.58
-0.3%
Silver
27.17
-0.5%
Brent Crude
88.42
+1.6%
Top 40
68,574
+0.8%
All Share
74,514
+0.7%
Resource 10
60,444
+1.4%
Industrial 25
104,013
+1.2%
Financial 15
15,837
-0.4%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders