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SWC 17.78HOD/HOY PGM Rally Continues,Current Strike News Johannesburg

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JD400   Thursday, 05/22/14 05:00:30 PM
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SWC 17.78HOD/HOY PGM Rally Continues,Current Strike News Johannesburg - Platinum producers declined to comment on reports on Thursday that talks with trade union Amcu were "lukewarm" and could continue for "much longer".
"All I can say is that the talks continued today and they will continue tomorrow. I can't comment on reports," spokesperson Charmaine Russel said on Thursday evening.

Reuters quoted Impala Platinum CEO Terence Goodlace as saying the talks aimed at ending a four-month-long strike with the Association of Mineworkers and Construction Union (Amcu) were "lukewarm".

"So far as hope is concerned, the feedback that I have got was lukewarm from yesterday [Wednesday] but they are going back into session today [Thursday]," Goodlace reportedly said.

Asked how long the strike could last, he replied: "It's almost like how long is a piece of string. I suppose the proper answer to it is that it could go on for much longer because we are so far apart between the two parties... My expectation is they will probably go on for longer."

Members of Amcu at Impala Platinum (Implats) [JSE:IMP], Lonmin [JSE:LON] and Anglo Platinum (Amplats) [JSE:AMS] went on strike on January 23 demanding a basic salary of R12 500 per month.

They rejected the companies' offer that would bring their cash remuneration to R12 500 by July 2017.

Amcu and platinum mining companies met behind closed doors at an undisclosed location in Johannesburg this week.

Tag, 24news,reuters

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