Major Platinum Miners Expect Workers to Return to Work, South Africa

Precious Metals

Reuters reported today that representatives from major miners Anglo American Platinum, Impala Platinum and Lonmin have sad that they expect many workers to return to work on Wednesday. The miners took wage offers directly to workers after negotiations faltered with the Association of Mineworkers and Construction Union, and now say that many will break the ongoing strike to return to work.

Reuters reported today that representatives from major miners Anglo American Platinum (LSE:AAL), Impala Platinum (JSE:IMP) and Lonmin (LSE:LMI) have sad that they expect many workers to return to work on Wednesday. The miners took wage offers directly to workers after negotiations faltered with the Association of Mineworkers and Construction Union, and now say that many will break the ongoing strike to return to work. According to Reuters, police armoured vehicles have been stationed near Lonmin’s Marikana platinum mine in an effort to provide security for those who want to return to work.

As quoted in the publication:

It is unclear how many workers will be coming back but the three big platinum firms say a majority of the 70,000 strikers they have contacted directly want to end the strike. “We are prepared for any eventuality,” Ngubane said, although he acknowledged it would be difficult to provide security for the miners in the shanty towns that ring the main mines. Four miners have been killed in the area over the last three days.

Click here to read the full Reuters article.

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