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    market news

    AMCU, State Mediator Move Meeting to Next Week

    Charlotte McLeod
    Feb. 14, 2014 10:10AM PST
    Precious Metals Investing

    Reuters reported that talks between the Association of Mineworkers and Construction Union (AMCU) and a state mediator have been put off until Monday. Originally the two parties were scheduled to meet today to discuss the ongoing wage strike in South Africa’s platinum sector.

    Reuters reported that talks between the Association of Mineworkers and Construction Union (AMCU) and a state mediator have been put off until Monday. Originally the two parties were scheduled to meet today to discuss the ongoing wage strike in South Africa’s platinum sector.

    As quoted in the market news:

    ‘We will be available next week,’ AMCU president Joseph Mathunjwa told eNCA television.

    The state mediator said the meeting had been postponed to Monday. It met producers separately on Thursday.

    Nerine Kahn, director of the Commission for Conciliation, Mediation and Arbitration said the mediation process was proceeding gradually.

    ‘The pace of such processes cannot be hurried if one wishes to achieve progressive social dialogue and lasting solutions,’ Kahn said in a statement.

    Click here to read the full Reuters report.

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