Amplats losing R100m a day over strike

2014-02-17 09:48

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

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.

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

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.