Lonmin’s Miners Refuse To Work Unless Wage Increase

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.

Click here to read the full Reuters report.