Tuesday, October 30, 2012

South Africa Sees New Mine Unrest


The clashes outside the company’s Rustenburg operations follow an ultimatum given to thousands of striking employees to return to work by Tuesday or face dismissal. Many workers at the mine say they will remain on strike until Anglo Platinum addresses their wage demands.
Anglo Platinum is the last remaining company with a major strike blocking its production, after a wave of stoppages that affected numerous mines producing gold, platinum and iron. Months of wildcat strikes have lost the South Africa’s mining industry billions of dollars of revenue by shutting down production.
The strikes have contributed to the finance ministry’s decision to lower its growth outlook for the year.

 South Africa Sees New Mine Unrest - WSJ.com

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