South Africa’s Miners Threaten Strike

Mar. 14, 2012 03:42PM PST

Reuters reported South Africa’s National Union of Mineworkers said on Wednesday it had served a strike notice to Modikwa platinum mine over a wage dispute.

As quoted in the market news:

NUM said in a statement it was demanding a 12 percent increase while the company was offering hikes of 8.5 to 9.5 percent, depending on the worker category.
Modikwa produced 130,000 ounces of refined platinum in 2010.

Click here to read the full Reuters report.