More than four-fifths of Lonmin miners turn up for work
Platinum miner Lonmin revealed that more than four-fifths of its workers reported for duty at its Marikana mine in South Africa on Thursday, following the wage settlement struck earlier in the week.
Platinum miner Lonmin revealed that more than four-fifths of its workers reported for duty at its Marikana mine in South Africa on Thursday, following the wage settlement struck earlier in the week.
The long and often violent dispute, which claimed the lives of 46 people, ended after a deal was signed late on Tuesday evening.
"The strike was the second unprotected strike embarked upon by workers in the industry this year. Following its conclusion, government, unions and mining companies need to work together to ensure that bargaining arrangements are adhered to by all parties," a statement from Lonmin said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"As part of this task Lonmin welcomes the opening of a conversation on centralised bargaining and pledges to be a full participant in that conversation. We are also committed to working with the Farlam Commission and all other participants who are committed to ensuring that the root causes of the events of recent weeks are addressed," the statement added.
JH
Sign up for MoneyWeek's newsletters
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.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published