Amplats losing R100m a day over strike

2014-02-17 09:48

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Mining giant Anglo American Platinum is losing about R100 million a day because of a strike by the Association of Mineworkers and Construction Union (Amcu) which entered its fourth week today.

“The company is losing 4 000 ounces amounting to R100 million in revenue daily,” said Amplats spokesperson Mpumi Sithole in an email.

On Saturday, Amplats said it was suing Amcu for damages and losses suffered over its work stoppage.

Amplats is seeking R591 million, but this could rise if damages continued, said Sithole.

“The provisional quantum of the damages claim is about R591 million although, as Amcu’s wrongful conduct is continuing, the damages will continue to accrue,” she said.

The Commission for Conciliation, Mediation, and Arbitration (CCMA) said talks between Amcu and platinum mining companies were due to resume at 11am today.

Friday’s session was postponed as Amcu officials had to attend a funeral.

Amcu members at Lonmin, Amplats and Impala Platinum embarked on a strike on January 23 demanding a R12 500 basic salary for miners.

The platinum producers proposed a three-year agreement last month. The proposal was a 9% increase for A-level workers, 8.5% for B-level and 7.5% for C-level workers in the first year.

The CCMA has been mediating talks between the union and the platinum companies since January 24.

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