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S.Africa platinum strike causing 'irreparable' harm

South Africa's platinum producers Monday said a two-month strike was causing "irreparable" damage to the sector, which has to date lost nearly a billion dollars in revenue. The strike over wages which started over eight weeks ago has halted production at the world's top three producers, Anglo American Platinum, Impala Platinum and Lonmin. "The extended strike in the platinum belt is unprecedented, and at a stage where some of its impacts are becoming irreparable," the chief executives of the three companies said in a joint statement.

Losses mount as South Africa faces biggest post-apartheid mine strike

By Ed Stoddard and Zandi Shabalala JOHANNESBURG (Reuters) - With no end in sight, South Africa's platinum strike is set to become the biggest single stoppage to hit the country's mining sector since the end of apartheid in 1994, and now threatens the viability of an industry already in deep trouble. Revenue and production losses look sure to top those experienced in 2012, when a wave of rolling, wildcat strikes pushed Anglo American Platinum into the red and forced Lonmin into a rights issue to shore up its finances.

South Africa's striking miners to march to Pretoria

The hardline South African union leading a six-week-old strike that has halted most production at top platinum mines on Monday announced plans to march on the seat of government. The Association of Mineworkers and Construction Union (AMCU), whose tens of thousands of members launched the strike for higher wages on January 23, plan to hand a message to President Jacob Zuma in Pretoria on Thursday. The memorandum will also be sent to the mines and labour ministers, as well to the owners of the world's three biggest platinum mining firms.

Miner killed at South Africa's Anglo American Platinum

JOHANNESBURG (Reuters) - A miner affiliated to the National Union of Mineworkers (NUM) was attacked and killed at a mine belonging to South Africa's Anglo American Platinum, police and unionists said, the latest violent incident in the strike-hit sector. The NUM said the attackers were members of the Association of Mineworkers and Construction Union (AMCU), but officials of the rival union were not immediately available for comment on Friday.

Union defiant as South Africa strike talks resume

Leaders of a militant South African mining union vowed to strike for a month if necessary, as wage talks continued Friday after the latest offer from firms was rejected. "The strike can last the whole month," said Association of Mineworkers and Construction Union treasurer Jimmy Gama. "They will stay as long as they are not satisfied." Talks between the union -- which has orchestrated a strike of around 80,000 miners, crippling the platinum sector -- and three major mine owners resumed on Friday, with a deal seemingly as far away as ever.

Striking South African miners meet platinum firms

By Ed Stoddard RUSTENBURG, South Africa (Reuters) - South Africa's main platinum miners union will resume government-brokered talks next week with the world's top three producers, in an effort to end a strike that showed flickers of violence on its second day, officials said on Friday. Union leaders representing as many as 100,000 miners who walked off the job on Thursday sat down with management from the three companies, which produce more than half the world's platinum, a metal used in catalytic converters in cars.

Striking South African platinum miners agree to talks

Tens of thousands of striking workers at South Africa's top three platinum producers agreed Thursday to take part in government-brokered talks aimed at ending the dispute and limiting economic damage. The Association of Mineworkers and Construction Union, which led roughly 80,000 miners to down tools on Thursday, said it "will be part of the negotiations" set to take place from 0700 GMT Friday. The union went on a legal strike calling for entry-level wages to be more than doubled to $1,150 per month and better working conditions.

S.African gold, platinum miners issue strike notice

South Africa's militant union AMCU on Monday gave formal notice that members will strike within 48 hours at the country's vital platinum and gold mines, the companies confirmed. Leading producers Anglo American Platinum, Impala Platinum and Lonmin and the Chamber of Mines said they face a mass walk-out from first shift on Thursday following a pay dispute. If no last-minute deal is reached as many as 80,000 workers could walk off the job.

South Africa minister warns on economy as mines face strike threat

By David Dolan JOHANNESBURG (Reuters) - South Africa's ailing economy cannot afford more mine labor unrest, Finance Minister Pravin Gordhan said on Monday, as the platinum industry's main trade union served notice on the world's top three producers that it planned to strike this week. A series of sometimes violent strikes in the factory and mining sectors constrained growth to a sluggish 2 percent in 2013, hampering efforts by President Jacob Zuma's government to create badly needed jobs as it braces for elections this year.

South Africa's AMCU union to strike at world's top platinum producers

By Zandi Shabalala and Ed Stoddard RUSTENBURG, South Africa (Reuters) - The main trade union for South African platinum miners will strike next week at the world's top three producers, hitting over half of global output and the margins of companies struggling to make profits. A simultaneous stoppage at the three producers would hit a key South African export at a time when the rand currency is near five-year lows, and deal a fresh blow to investor confidence in Africa's biggest economy.
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