AMCU Wildcard in Platinum Mine Negotiations

Mining Weekly reported in the ongoing saga of platinum strikes in South Africa the Association of Minerworkers and Construction Union (AMCU) remains a wildcard as attempts to discuss industry wide changes remain futile.

As quoted in the market news:

Dr Elize Strydom notes that there are strong indications that the platinum industry will move away from the 50%-plus-one agreement employed by the sector’s mining companies. Historically, platinum companies have preferred to negotiate at company level, while gold and coal companies have preferred centralised bargaining.

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