Platinum deal reached ‘in principle’

2014-06-12 14:53

An agreement in principle has been reached between platinum producers and the Association of Mineworkers and Construction Union (Amcu), the companies have said.

“Amcu will be discussing these in principle undertakings with its members to seek a mandate to accept the offers which, if given, will bring to an end the 21-week-long strike,” the platinum producers’ spokesperson Charmane Russell said today.

“The principles that underpin the proposals seek to achieve a sustainable future for the three platinum companies for the benefit of all stakeholders and to afford employees the best possible increase under the current financial circumstances.”

Members of Amcu have been on strike at Anglo American Platinum, Impala Platinum and Lonmin in the North West platinum belt since January 23 for a basic monthly salary of R12 500.

They have so far rejected the companies’ offer that would bring their cash remuneration to R12 500 by July 2017.

Russell said the companies expected feedback from Amcu tomorrow.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.