AMCU Ready for Six More Months of Striking

Mining Weekly reported yesterday that South Africa’s Association of Mineworkers and Construction Union (AMCU) is prepared to keep striking for another six months at the operations of major miners Anglo American Platinum Ltd. (OTCMKTS:AGPPY), Lonmin plc (LSE:LMI) and Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY).

As quoted in the market news:

The union, which led a march of about 8 000 members from Rustenburg to the Sandton-based offices of Implats, also vowed to take its fight all the way to Parliament if the producers failed to cede to its demands.

Speaking to AMCU members outside Implats, union president Joseph Mathunjwa said the group planned a march to Lonmin’s offices in Rosebank next Thursday, before embarking on a march to the US Embassy, in Pretoria, the week after.

‘We will not return to work until they commit to [a monthly wage] of R12 500 in four years,’ he said, adding that AMCU had ‘enough members to change the complexion of the industry’.

Click here to read the full Mining Weekly report.