Anglo American Platinum losing R100m a day

FILE PICTURE: A group of mine workers listen to their president Joseph Mathunjwa's address at Wonderkop stadium next to Lomin mine in Marikana outside Rustenburg, where AMCU union members where meet ing after downing their tools demanding an increase of R12500 a month salary. Picture: Nigel Sibanda

Mining giant Anglo American Platinum is losing about R100 million a day because of a strike by Amcu which entered its fourth week on Monday.

“The company is losing 4000oz amounting to R100m in revenue daily,” said Amplats spokeswoman Mpumi Sithole in an e-mail.

Amplats on Saturday said it was suing the Association of Mineworkers and Construction Union for damages and losses suffered over their work stoppage.

Amplats was seeking R591m but this could rise if damages continued, said Sithole.

“The provisional quantum of the damages claim is about R591m, although as Amcu’s wrongful conduct is continuing, the damages will continue to accrue,” she said.

The Commission for Conciliation, Mediation, and Arbitration 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 the 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 nine percent increase for A-level workers, 8.5 percent for B-level, and 7.5 percent 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

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