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    market news

    South Africa’s Platinum Industry Considers Collective Bargaining

    Investing News Network
    Sep. 21, 2012 02:07PM PST
    Precious Metals Investing

    Mineweb reported the platinum industry is considering a centralised collective bargaining model, Lonmin (LSE:LMI) acting chief executive Simon Scott said on Thursday.

    Mineweb reported the platinum industry is considering a centralised collective bargaining model, Lonmin (LSE:LMI) acting chief executive Simon Scott said on Thursday.

    As quoted in the market news:

    The National Union of Mineworkers [NUM] and many other parties had called for centralised bargaining.

    At present, the mine was trying to get operations back to normal after the wildcat strike, which was marked by violence.

    Click here to read the full Mineweb report.

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