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South Africa’s Mineworkers Union Says Platinum Strike Still On

South Africa’s Mineworkers Union Says Platinum Strike Still On

From Reuters via Chicago Tribune

South Africa’s Association of Mineworkers and Construction Union (AMCU) said on Monday its striking members had rejected the latest wage offer by the world’s three biggest platinum mining companies.

The strike has been running for nearly four months at Anglo American Platinum, Lonmin and Impala Platinum and has hit 40 percent of global production of the precious metal.

The three companies took their latest wage offer directly to the roughly 70,000 striking miners after wage talks with the union collapsed. The firms said many of the strikers had expressed a desire to return to work.

The companies are offering increases of up to 10 percent and other benefits that they say would raise the overall minimum pay package to 12,500 rand ($1,200) a month by July 2017.

Read more at Chicago Tribune