S.Africa Union, Lonmin Seal Wage Deal

Reuters Africa reported South Africa’s National Union of Mineworkers said it had sealed a 2-year wage deal with Lonmin (LSE:LMI).

As quoted in the market news:

Lonmin’s bigger rivals Anglo American Platinum and Impala Platinum clinched similar deals themselves earlier this year, significantly removing any immediate threat of labour unrest to global platinum supplies.

Click here to read the full Reuters Africa report.