Make Kitco Your Homepage

South Africa's AMCU declares a dispute in wage talks with platinum firms

Kitco News

JOHANNESBURG, Sept 10 (Reuters) - South Africa's AMCU union General Secretary Jeff Mphalele said on Tuesday the union had declared a wage dispute with Anglo American Platinum and Sibanye-Stillwater raising concerns of a possible strike in the local platinum industry.

The Association of Mineworkers and Construction Union (AMCU), the majority union in the platinum sector, initially
demanded a monthly basic wage hike of about 48% and said it was disappointed by a wage offer for workers at Lonmin, which was acquired by Sibanye this year.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News