Unions, Platinum Companies And Government Broker Peace

Reuters reported South African unions, platinum producers and government officials tried to broker a peace accord at a mine where 44 people were killed.

As quoted in the market news:

They also want to use the meeting to start wage talks over the dispute that has paralyzed production at Lonmin’s Marikana mine and raised worries of unrest spreading through the country’s platinum sector, further shaking the economy.

Bringing all the parties together to secure a symbolic peace deal could prove successful, but the strike at Lonmin’s Marikana mine, northwest of Johannesburg, may be far tougher to resolve.

Click here to read the full Reuters report.