Share

Ramatlhodi ditches mine strike talks

Johannesburg - The government's task team has withdrawn from the platinum strike talks, the companies said on Monday evening.

"Platinum producers note that the talks facilitated by the minister of mineral resources have unfortunately been dissolved without an outcome," they said in a joint statement.

The team was set up by Minerals and Resources Minister Ngoako Ramatlhodi last week in a bid to end the four-month-long strike.

"The companies thank the minister, advocate Ramatlhodi, and deputy minister, Godfrey Oliphant, and members of the inter-governmental task team for their initiatives and efforts."

Members of the Association of Mineworkers and Construction Union 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.

On Saturday, Ramatlhodi said he would pull out of the talks if no agreement was reached by Monday.

Anglo American Platinum [JSE:AMS], Impala Platinum [JSE:IMP] and Lonmin [JSE:LON] said they would look at other options.

"While the producers remain committed to a negotiated settlement, they will now review further options available to them."

So far, the industry has lost R21.7bn in earnings, while employees have forfeited wages of around R9.6bn.

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
19.11
+0.4%
Rand - Pound
23.80
-0.4%
Rand - Euro
20.46
-0.0%
Rand - Aus dollar
12.40
-0.2%
Rand - Yen
0.12
+0.4%
Platinum
920.40
-1.1%
Palladium
1,026.50
+1.1%
Gold
2,322.61
-0.2%
Silver
27.34
+0.6%
Brent Crude
87.00
-0.3%
Top 40
68,051
+0.8%
All Share
74,011
+0.6%
Resource 10
59,613
-2.2%
Industrial 25
102,806
+1.7%
Financial 15
15,897
+1.8%
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