Amplats losing R100m daily due to Amcu strike

Mining giant Anglo American Platinum (Amplats) 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 on Monday.

"The company is losing 4 000oz, amounting to R100-million in revenue daily," said Amplats spokesperson Mpumi Sithole.

Amplats on Saturday said it was suing Amcu for damages and losses suffered over their work stoppage.

Amplats was 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.

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

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

Members of Amcu 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.  – Sapa

Advertisting

Mabuza’s ‘distant relative’ scored big

Eskom’s woes are often because of boiler problems at its power plants. R50-billion has been set aside to fix them, but some of the contracts are going to questionable entities

ANC faction gunning for Gordhan

The ambush will take place at an NEC meeting about Eskom. But the real target is Cyril Ramaphosa

Despite tweet, Zuma keeps silent about providing his taxpayer information

The Public Protector has still not received confirmation from former president Jacob Zuma that she may access his tax records —...

Ahead of WEF, Mboweni will have to assure investors that...

The finance minister says despite the difficult fiscal environment, structural reforms are under way to put SA on a new growth path
Advertising

Press Releases

New-style star accretion bursts dazzle astronomers

Associate Professor James O Chibueze and Dr SP van den Heever are part of an international team of astronomers studying the G358-MM1 high-mass protostar.

2020 risk outlook: Use GRC to build resilience

GRC activities can be used profitably to develop an integrated risk picture and response, says ContinuitySA.

MTN voted best mobile network

An independent report found MTN to be the best mobile network in SA in the fourth quarter of 2019.

Is your tertiary institution is accredited?

Rosebank College is an educational brand of The Independent Institute of Education, which is registered with the Department of Higher Education and Training.

Is your tertiary institution accredited?

Rosebank College is an educational brand of The Independent Institute of Education, which is registered with the Department of Higher Education and Training.

VUT chancellor, Dr Xolani Mkhwanazi, dies

The university conferred the degree of Doctor of Science Honoris Causa on Dr Xolani Mkhwanazi for his outstanding leadership contributions to maths and science education development.

Innovate4AMR now in second year

SA's Team pill-Alert aims to tackle antimicrobial resistance by implementing their strategic intervention that ensures patients comply with treatment.

Medical students present solution in Geneva

Kapil Narain and Mohamed Hoosen Suleman were selected to present their strategic intervention to tackle antimicrobial resistance to an international panel of experts.