Lonmin Platinum Miners Strike in S. Africa, Embarrassing Investors

Reuters reported that workers went on strike at Lonmin’s Marikana mine as the company launched a publicity drive to show that it had already recovered from several months of labour unrest and violence.

As quoted in the market news:

The world’s third-largest platinum producer invited journalists to tour the mine, but the public relations exercise backfired as thousands of workers took advantage of the media spotlight to down tools at four shafts.

Click here to read the full Reuters report.