CNBC reported mine bosses have aggravated South Africa’s labor unrest by dismissing striking mineworkers, the Congress of South African Trade Unions said Tuesday.
As quoted in the market news:
About 80,000 mineworkers, representing 16 percent of South Africa’s mining workforce, are currently striking across South Africa. The strikes have been marred by violence, most notably an incident on Aug. 16 when police shot and killed 34 miners at a platinum mine in Marikana, northwest of Johannesburg. Analysts say the Marikana strike may have motivated strike action by other mineworkers, because the Marikana miners eventually succeeded in winning a 22 percent pay raise.
Get Our Expert Guide to Platinum Investing FREE!Download this FREE Special Report, Why Invest in Platinum Stocks? What the Future Could Hold for Lonmin, the AMCU and South African Platinum Production.