South African Union Makes Deal With Solidarity

Reuters Africa reported Solidarity, a South Africa union, has made a deal with Lonmin (JSE:LON).

As quoted in the market news:

Lonmin, the world’s No. 3 platinum producer, also signed a deal with the bigger National Union of Mineworkers earlier this month.

Solidarity said the increase will range between 6.5 percent and 8 percent, depending on worker category and performance, and will be backdated to Oct 1.

Click here to read the full Reuters Africa report.