Loading...
See More

Shabangu to meet with Num

Jun 18 2012 11:33

Company Data

AQUARIUS PLATINUM LIMITED [JSE:AQP]

Last traded 3.60
Change -0.03
% Change -0.01
Cumulative volume 186307
Market cap 5.27bn

Last Updated: 22/09/2014 at 01:28. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Num, Shabangu to address concerns

Rustenburg unrest cuts Implats output

Union warns about mine violence

Government to hold mining lekgotla

Num to strike at ARM/Anglo mine

Num: Pay workers first in liquidations

 

Johannesburg - Mineral Resources Minister Susan Shabangu will hold talks with the National Union of Mineworkers (Num) on Monday about potential job losses, the union said.

"We are hoping to discuss the platinum industry situation and the potential job losses in that sector," Num spokesperson Lesiba Seshoka said.

"There should be a press conference after the meeting that will explain what was being discussed."

Shabangu's spokesperson Zingaphi Jakuja confirmed that the minister was meeting with "stakeholders", but declined to provide further details.

"Unfortunately we cannot discuss what the meeting will be about. There will probably be more information if the principals (in the meeting) decide to release a media statement."

It was set to start at 10:00.

The City Press reported on Sunday that Num president Senzeni Zokwana would tell Shabangu that job cuts may affect the union's 300 000-strong membership.

"With unemployment already high in this country, we cannot afford any more job losses.

"We have to find a way of planning in the industry that will protect workers and jobs," Zokwana reportedly said at a discussion forum during the week.

The potential job losses are a result of the slow uptake of commodities in Europe and China.

Last week, Aquarius Platinum [JSE:AQP] said it would place its Marikana mine, in the North West, on care and maintenance because of the weak platinum price.

 
num  |  susan shabangu  |  mining
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
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 

Money Clinic

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