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Anglo American Platinum (Amplats) has said that it has had no choice but to initiate disciplinary action the 80 per cent of its workforce at its Rustenburg mines that continues to strike illegally.
The firm has made repeated calls for the strikers to return to work since it re-opened the mines on Tuesday 17th September, having previously halted operations amid a wave of labour unrest.
Chris Griffith, Chief Executive Officer of Anglo American Platinum, said: "Despite repeatedly urging our employees to come back to work, attendance at our Rustenburg operations remains low. We have been left with no choice but to initiate disciplinary action, which could lead to dismissals."
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Boosted by rising metal prices, the share price rose 1.99% to 1,867.50p.
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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Average UK house price reaches £300,000 for first time, Halifax saysWhile the average house price has topped £300k, regional disparities still remain, Halifax finds.
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