AMCU Refuses to Sign Agreement in Pretoria

Bloomberg reported that the leaders of the Association of Mineworkers and Construction Union (AMCU), South Africa’s largest platinum union, did not sign an agreement aimed at bringing stability to the nation’s mining industry.

As quoted in the market news:

‘They do need a bit of space, and I think they also will have to consult,’ Mineral Resources Minister Susan Shabangu said in an interview in Pretoria. ‘The tone, the language today, and their commitment to the actual document shows they will be coming back to sign.’

Click here to read the full Bloomberg report.