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Lonmin’s Miners Refuse To Work Unless Wage Increase
Sep. 07, 2012 08:20AM PST
Precious Metals InvestingReuters reported Lonmin’s (LSE:LMI) South African platinum miners are on strike and unlikely to go back to work unless pay hikes are met.
Reuters reported Lonmin’s (LSE:LMI) South African platinum miners are on strike and unlikely to go back to work unless pay hikes are met.
As quoted in the market news:
Workers are facing a Monday deadline to return to the Lonmin Plc mines paralyzed by a four-week strike that has sent company shares plummeting, raised world platinum prices and stoked worries of labor unrest spreading through the mining sector of Africa’s largest economy.